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Zoltek (ZOLT +38.6%) shares skyrocket after beating on earnings and revenues in its FQ1 report....

Zoltek (ZOLT +38.6%) shares skyrocket after beating on earnings and revenues in its FQ1 report. The producer of carbon fibers used to produce windmills says the large turbine segment of wind energy will increase at 15%-25% annually for the next decade or more. Forbes' Eric Savitz also suspects shares are getting a boost from short covering.
Comments (1)
  • Fundamentals seem to be finally coming around for this stock. Part of the move was deserved. But a lot of it appears to be short covering. Hence it's rocket to $14 and settling back down to just over $13. We'll see if it holds above $13.
    3 Feb 2012, 11:53 AM Reply Like
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