Stock Alert: CSUN, ENPH, FSYS
by Harris Roen, Editor
Roen Financial Report
Wednesday, March 11, 2015
Today’s Alert:
China Sunergy Co, Ltd (ADR) (CSUN)
Enphase Energy Inc (ENPH)
Fuel Systems Solutions Inc (FSYS)
A falling stock market also hit alternative energy companies yesterday, with decliners outpacing gainers better than eight to one. Three large volume down stocks are highlighted here.
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| China Sunergy drops 15% in a day, driving the stock down 23% since disappointing earning were announced last week. Revenues were down 50% from the previous quarter, and net losses widened. This volatile Chinese solar stock is now down 72% for the year. | MarketWatch |
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| Despite recently announced expansion plans, Enphase drops 13% in two days. This microinverter manufacturer’s stock is still up 56% for the year, though it remains 25% below its all-time highs reached in September 2014. | International Business Times |
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| Fuel Systems Solutions releases a mixed earnings report. Revenues are slightly down for the quarter, and 13% below the same quarter last year. However, operating expenses drop dramatically, causing net losses to shrink significantly. FSYS falls 6% on largest one-day volume in 2015, and is down 23% for the year. | Press release |
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