Stock Alert: ANDE, SSNI, TSLA
by Harris Roen, Editor
Roen Financial Report
Friday, November 7, 2014
Today’s Alert:
The Andersons, Inc (ANDE)
Silver Spring Networks Inc (SSNI)
Tesla Motors Inc (TSLA)
Two losers and one gainer on recent earnings reports for these three alternative energy companies.
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| Ethanol company The Andersons takes a shellacking on its latest earnings report. Revenues are down 24% for the quarter, and net income is off 62%. Shares of ANDE tumble 18% on the largest one-day volume since 2011. We consider the stock to be Overvalued. | Seeking Alpha |
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| Smart grid company Silver Spring Networks losses $37.3 million in the third quarter, with revenues down 33% in three months and 61% for the year. SSNI drops 14% on large volume, and is down 77% from its highs of 2013. | Associated Press |
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| Tesla Motors issues a robust earnings report. Revenues jump 24% for the quarter, and are double what they were a year ago. TSLA gaps up 4% on large volume, and shaves have gained 73% for the year. | Reuters |
IMPORTANT INFORMATION
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Remember to always consult with your investment professional before making important financial decisions.
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