Stock Alert: CREE, PW
by Harris Roen, Editor
Roen Financial Report
Friday, April 24, 2015
Today’s Alert:
Cree, Inc (CREE)
Power REIT (PW)
Negative developments cause these two alternative energy stocks to fall.
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| Cree turns in a downbeat earnings report. Revenues are flat, but net income drops as profit margins fall 16% year over year. Also, earnings guidance from management comes in below analysts’ estimates. CREE is down 13% for the quarter, and has dropped 36% for the year. | Reuters |
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| After years of litigation, Power REIT looses an important lawsuit against Norfolk Southern Corp. PW drops 33% in two days, reaching a 24 year low. The stock is now 58% off its highs reached in 2011. | AltEnergy Stocks |
DISCLOSURE
Individuals involved with the Roen Financial Report and Swiftwood Press LLC owned or controlled shares of PW. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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