Stephen Simpson, CFA
Thu, Mar. 3, 12:53 PM
Jun. 29, 2015, 3:58 PM
- Calgon Carbon (CCC -8.1%) is sharply lower after the Supreme Court ruled against the EPA's recent mercury emissions mandate, which sent coal stock prices soaring.
- CCC says that while the Court's decision is disappointing, mercury control regulations are in place in many states and Canada that already have established a sizable market; CCC says it continues to expect to increase its activated carbon mercury removal market revenues by ~50% this year.
- Specialty chemical companies Albemarle (ALB -4.9%) and Cabot (CBT -6.6%), which also may have benefited from increased sales of bromine and activated carbon used to reduce mercury, fell sharply.
- Also posting big losses: ADES -9.6%, GTLS -5.4%, LDL -5.1%, ESE -2.7%, ECL -2.4%, DHR -1.2%.
Jun. 29, 2015, 12:45 PM
Feb. 4, 2015, 12:44 PM
Feb. 3, 2015, 12:47 PM
Jan. 30, 2015, 3:19 PM
- Shares of Advanced Emissions Solutions (ADES -47.7%) are nearly cut in half after the developer of clean coal technology said late yesterday that KPMG had resigned as its accounting firm.
- ADES says it is seeking a new accountant but expects to have its shares delisted from the Nasdaq because it does not believe it can make the required financial filings and regain compliance.
- Cowen analyst Jeff Osborne downgrades shares to Market Perform, saying that "while we believe the company has compelling technology solutions, the lack of transparency in financial statements” and ongoing accounting issues “gives us pause."
Jan. 30, 2015, 12:45 PM
Jan. 29, 2015, 5:55 PM
- Advanced Emissions Solutions (NASDAQ:ADES) -5.3% AH on news that KPMG has resigned as its independent accounting firm, citing in an SEC filing "an inappropriate tone at the top, discontent with the company's timeliness and responsiveness to its requests for information."
- ADES also says it is unlikely to regain compliance with SEC filing requirements by the previously reported March 27 deadline, and expects to be delisted from the Nasdaq market.
Jul. 11, 2014, 12:24 PM
- Advanced Emissions Solutions (ADES -3.5%) is lower after Street Sweeper posts a negative article highlighting class action lawsuits alleging securities law violations and false and/or misleading statements tied to financial reports that must be restated, plus a Nasdaq de-listing threat.
- The article raises questions about the "rogues gallery" of people selected to fix its financial problems, including links to the risky penny stock world and leaders who ran out on another company whose delinquent financials almost killed its own Nasdaq listing.
Nov. 14, 2013, 6:41 PM
- Advanced Emissions Solutions (ADES) -9.4% AH after announcing plans for a public offering of common stock; the size of the offering is not disclosed.
- ADES says it intends to use the proceeds for general working capital and corporate purposes, to partially execute against its increasing emissions control backlog and to allow it to take advantage of growth opportunities.
May 16, 2013, 2:58 PMRed-hot ADA-ES (ADES +6.4%) gets even hotter as new SA author Nick Toor says it's a matter of when, not if, the company's refined coal operation (a JV with Goldman Sachs as minority partner) is able to monetize its tax assets. Assigning zero value to the rest of the company, Toor believes there's another 70% of upside over the next 12 months. | May 16, 2013, 2:58 PM
Jan. 16, 2013, 12:45 PM
Nov. 27, 2012, 12:11 PM
ADA-ES (ADES +5.6%) says it's signed a contract for up to $20M to supply between 11 and 20 activated carbon injection systems for a fleet of coal-fired generating plants owned and operated by a major U.S. power producer. Work will commence immediately and will ADES will recognize revenue from the project in the current quarter. Delivery is scheduled between late summer of 2013 and the end of 2014.| Nov. 27, 2012, 12:11 PM
Sep. 23, 2011, 11:40 AM
ADA-ES (ADES +30.4%) is skyrocketing on above-average volume. Shares could be getting a lift from yesterday's announcement about the successful demonstration of the company's M45 technology for producing refined coal, though it's worth noting the announcement came during market hours, and shares closed lower on Thursday.| Sep. 23, 2011, 11:40 AM
Aug. 31, 2011, 12:29 PM
Environmental technology firm ADA-ES (ADES +7.8%) pops after agreeing to pay a $40.5M settlement to Norit International N.V.'s Americas unit, ending a lawsuit filed by Norit over the theft of trade secrets.| Aug. 31, 2011, 12:29 PM