Thu, Jun. 16, 7:52 AM| Thu, Jun. 16, 7:52 AM | 68 Comments
Aug. 27, 2015, 10:51 AM
- Following the sale of its Separations Media business, Polypore (NYSE:PPO) has been fully acquired and will operate as a core company under the Asahi Kasei Group (OTCPK:AHKSY).
- The two will work together to integrate their technology to enable further development and growth of the battery separator business.
Aug. 26, 2015, 9:39 AM| Aug. 26, 2015, 9:39 AM | 2 Comments
Mar. 11, 2015, 3:05 AM
- Boeing (NYSE:BA) has announced that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed.
- The risk is "continually increasing (and) requires action to be taken," said the aircraft maker.
- A report that labels the batteries as "dangerous goods" is due to be considered in April by the U.N. International Civil Aviation Organization. The recommendations would then need to be approved by the group in October, and by a broader air safety council next year.
- Lithium stocks: ARTX, CBAK, ENS, FMC, GB, JCI, OTCPK:LHMAF, OTCQX:NMKEF, OTCPK:OROCF, OTCPK:PCRFY, PPO, ROC, SQM, OTCQX:WLCDF
- ETFs: LIT
Mar. 4, 2015, 4:31 PM
- Polypore (NYSE:PPO): Q4 EPS of $0.39 misses by $0.06.
- Revenue of $165.2M (-2.5% Y/Y) misses by $10.8M.
- Shares -1%.
Mar. 3, 2015, 5:35 PM
Mar. 3, 2015, 7:50 AM
Feb. 23, 2015, 9:14 AM
Feb. 23, 2015, 7:04 AM
- Asahi Kasei (OTCPK:AHKSY) has agreed to buy Polypore's (NYSE:PPO) energy storage segment, as it seeks to expand in the energy and environment business.
- Asahi Kasei will pay $60.50 per share in cash, a 14% premium to their $52.95 close on Friday, and representing an enterprise value of about $3.2B.
- Immediately prior to Asahi Kasei’s purchase of Polypore, 3M (NYSE:MMM) will acquire the assets of Polypore’s separations media business for about $1B and Asahi Kasei will receive the cash proceeds from asset sale.
- PPO +13.2% premarket
Nov. 6, 2014, 12:47 PM
Nov. 5, 2014, 4:59 PM
- Polypore (NYSE:PPO): Q3 EPS of $0.33 beats by $0.02.
- Revenue of $165.5M (+8.9% Y/Y) misses by $0.25M.
Oct. 8, 2014, 7:11 AM
Sep. 13, 2014, 8:25 AM
- Cowen analysts choose their favorite clean technology stocks in areas such as next-generation transportation, natural gas and liquid natural gas, smart grid and next-generation lighting.
- Polypore (NYSE:PPO) is Cowen's top pick in clean tech, is very levered to the fast-growing electric car market, and the firm feels it is poised to take advantage of long-term deals with Samsung and Panasonic.
- Pacific Ethanol (NASDAQ:PEIX) is the leader in California’s ethanol market, margins have been improving, and Cowen expects California ethanol prices to rise with increased rail costs from the Midwest to the state.
- Maxwell Technologies (NASDAQ:MXWL) is a top supplier of innovative ultra-capacitor solutions and has growth opportunities in China with sales for regenerative braking systems for municipal buses.
- Acuity Brands (NYSE:AYI) is a leading provider of lighting fixtures; the stock is not cheap, but the firm thinks non-residential sales trends and LED margin improvement can continue to drive shares higher.
- Silver Spring Networks (NYSE:SSNI) provides IP-based secure networking platforms as well as a suite of solutions to utilities, and Cowen likes its industry-leading 30% share in utility networking equipment.
Sep. 12, 2014, 2:43 PM
- Polypore (PPO +1.2%) is higher after Cowen analysts initiate coverage of the stock with an Outperform rating and a $53 price target, saying the company is poised to grow alongside the market for electric cars.
- Lithium separators are only about 20% of PPO’s revenue but are driving 60% of margins and provide a path to $5 in annual EPS, Cowen says.
- PPO would not only benefit from more electric cars on the road but also from a trend toward dual-voltage cars, which would carry lithium batteries to power safety, entertainment and self-driving features as well as carry the usual lead acid batteries, the firm says.
Aug. 6, 2014, 4:11 PM
- Polypore (NYSE:PPO): Q2 EPS of $0.35 misses by $0.03.
- Revenue of $166.6M (-1.4% Y/Y) misses by $2.5M.
Jun. 19, 2014, 10:06 AM
- In spite of their recent lithium separator supply deal, checks indicate Polypore (PPO -4%) won't be replacing Ube in its current electric drive vehicle programs for Panasonic, writes Wedbush's Craig Irwin, downgrading shares to Neutral.
- Irwin also says checks suggest Polypore won't be replacing Tesla battery materials supplier Sumitomo.
- Shares had made new 52-week highs yesterday. They're still up 20% YTD.