Energy XXI Gulf Coast Inc. (NASDAQ:EXXI)

Energy XXI Gulf Coast Inc. (NASDAQ:EXXI) Drops on Wider Net Loss

Energy XXI Gulf Coast Inc. (NASDAQ:EXXI)

Shares of Energy XXI Gulf Coast Inc. (NASDAQ:EXXI) fell 34.3% after the oil and natural gas exploration and production company reported disappointing third quarter financial results. A net loss of (-$31.6) million or (-$0.95) loss per share, attributed to lower production and losses on derivative financial instruments, did not go well with investors.

Energy XXI Gulf Coast Inc. (NASDAQ:EXXI)

EXXI Stock Performance

Tuesday’s sell-off resulted in Energy XXI Gulf Coast Inc. (NASDAQ:EXXI) recording a new 52-week low of $5.32 a share as the stock’s downturn shows no signs of slowing down. The stock has underperformed the overall industry for the better part of the year even as the energy sector shows signs of recovery. For the full year, the stock is down by more than 80% as it continues to trade in a strong downtrend.

Energy XXI Gulf Coast Inc. (NASDAQ:EXXI) underperformance has already caught the attention of analysts. According to data compiled by Zacks Investment Research, analysts are forecasting earnings increase of 0% this year, over last year. Next year earnings on the other hand should increase 21.1%

Total revenues for the third quarter totaled $117 million inclusive of a $12.5 million loss on derivative financial instruments. Second quarter revenues totaled $143.7 million. Total LOE in the quarter was $77.8 million per BOE, made up of $64.3 million in lease operating expense. According to the Chief Executive Officer, Douglas E. Brooks, reduction of LOE and G&A costs resulted in a 45% improvement in adjusted EBITDA quarter over quarter.

Commodity Hedging

The natural gas exploration and development company entered into fixed price swap contracts benchmarked to NYMEX-WTI to hedge 8,000 BOPD of production for the full year. The swap contracts are priced at $50.68. The company also has fixed price swap contracts benchmarked to LLS-Argus for 2,000 BOPD with an average fixed price of $55.45 for the January to June 2018 period.

Energy XXI Gulf Coast Inc. (NASDAQ:EXXI) is currently working with its financial advisors on it’s long-term strategic plan focused on the Gulf of Mexico consolidation

“Since no executable combination has resulted from these discussions, we are now focused on our stand-alone options, which include a drilling program beginning in early 2018. This activity in 2018 and beyond may be funded internally through existing liquidity, the benefit of higher oil prices, and continued progress on reducing costs,” said Mr. Douglas E. Brooks.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $EXXI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

FuelCell Energy Inc. (NASDAQ:FCEL)

FuelCell Energy Inc. (NASDAQ:FCEL) Short Interest Drops

FuelCell Energy Inc. (NASDAQ:FCEL)

FuelCell Energy Inc. (NASDAQ:FCEL) shares gained 4.52% in Friday’s trading session as short interest on the stock continued to drop. Over the past two weeks, short interest has dropped by 3.3% and currently accounts for 7.2% of the company’s total float.

FuelCell Energy Inc. (NASDAQ:FCEL)

Fuel Cell Technology

FuelCell Energy Inc. (NASDAQ:FCEL) has been on an impressive run – since June it has gained more than 100% in market value. However, for the full year, the stock is up by 15%. The stock is currently trading in an uptrend.

Growth in popularity of the company’s fuel cell technology appears to have strengthened investors’ confidence in the company’s long-term prospects. The technology utilizes a chemical reaction to convert a fuel source to electricity. Given its benefits and the fact that it is eco-friendly, the U.S Defense Department has started to use the technology.

General Motors has started working with the U.S army to develop fuel cell electric vehicles as the race to reduce dependence on conventional fuel gathers momentum. The rise in popularity of this technology has resulted in fuel cell producers like FuelCell attracting big contracts from customers across various sectors.

FuelCell Energy Inc. (NASDAQ:FCEL) has since entered into a power purchase agreement with the Connecticut Municipal Electric Energy Cooperative. The agreement is for the supply of power to the U.S Navy Submarine Base in Groton. The 7.4MW clean power is to be generated from the company’s two SureSource 400TM power plants.

The power project will ensure the U.S Navy has long-term cost-effective power for powering critical infrastructure. The fuel cell plants are also to be configured for grid-independent operations.

“Our fuel cell solutions are compelling as their predictable and clean power generation profile meets resiliency and environmental goals simultaneously. Additionally, this project is structured so that the U.S. Navy enjoys the many benefits of clean on-site power generation while continuing to work with its local and trusted utility under a pay-as-power-is-produced model,” said CEO Chip Bottone.

SureSource Certification

Separately, FuelCell Energy Inc. (NASDAQ:FCEL)’s SureSource 1500 fuel cell power plant operating on Anaerobic Digester Gas has received an important certification. The California Air Resources Board’s certification acknowledges the clean air profile of the solution, in facilitating air permitting process which reduces costs.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $FCEL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Smart Sand Inc. (NASDAQ:SND)

Smart Sand Inc. (NASDAQ:SND) Revenues Surge 260%

Smart Sand Inc. (NASDAQ:SND)

Shares of Smart Sand Inc. (NASDAQ:SND) gained 15.12% after the low cost producer of high-quality Northern White raw frac sand reported its best-ever quarter. Revenue for the three months ended September 30, 2017, increased 260% year-over-year, due to higher sales volumes and increased freight revenues.

Smart Sand Inc. (NASDAQ:SND)

According to Chief Executive Officer Charles Young, performance in the quarter underscored the company’s focus on maximizing production and effective management of railcar movements.

“Market demand for our high quality, Northern White frac sand remains strong and we look forward to bringing our additional 2.2 million tons of annual production capacity online by the end of the first quarter of 2018,” said Mr. Adams.

The sentiments appear to have strengthened investors’ confidence in the stock as it continues to bounce back from this year’s low. However, Smart Sand is still trading in a downtrend after losing more than 60% in market value since February.

According to data compiled Zacks Investment Research, Smart Sand Inc. (NASDAQ:SND) is currently rated as a ‘strong buy’ by five Wall St. analyst firms.

Smart Sand Q3 Financial Results

Revenues for the three months ended September 30, 2017 totaled $39.3 million. Smart Sand Inc. (NASDAQ:SND) attributes the 260% increase to customers billed through freight charges as well as increased sales volumes. Revenue in the quarter was also up by 32% compared to the second quarter, due to the higher average selling price.

Smart Sand sold a total of 653,400 tons in the quarter representing a 184% year over year increase from 229,600 tons sold last year. The number of tons sold in the quarter also represented a 23% increase from the second quarter.

Smart Sand Inc. (NASDAQ:SND) generated a net income of $7 million or $0.17 a share in the quarter compared to a net loss of (-$0.1) million reported last year. Adjusted EBITDA totaled $11.4 million nearly triple $4.5 million reported during the third quarter of 2016. Smart Sand attributes the increase to increase in sales volume and higher average selling price per ton.

Capital expenditure in the quarter totaled $19.9 million mostly attributed to expansion works at the Oakdale sand processing facility and investment in various enhancement and cost improvement projects.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SND and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

SAExploration Holdings, Inc. (NASDAQ:SAEX) at Top of Sector Performance

SAExploration Holdings, Inc. (NASDAQ:SAEX)

SAExploration Holdings, Inc. (NASDAQ:SAEX) stock is up over 12.5% in early trading on a volume six times higher than the pro-rated daily average. This morning, SAEX shares are the best performers in the “Oil & Gas Equipment & Services” sector.

SAExploration Holdings, Inc. (NASDAQ:SAEX)

SAExploration Holdings, Inc. (NASDAQ:SAEX), headquartered in Houston TX, is an oilfield services company offering vertically-integrated seismic data acquisition and logistical support services in remote and complex environments. SAE operates crews around the world, performing major projects for major integrated oil companies, national oil companies, and large independent oil and gas exploration companies. Operations are supported through a presence in Houston, Alaska, Canada, Peru, Colombia, Bolivia, Brazil, and New Zealand.

Circumstances, possibly hurricane related, forced the company to reschedule its Q2 2017 earnings report for almost three weeks. However, last week the company announced plans to release its unaudited consolidated Q3 2017 financial results on Wednesday, November 8, 2017 after close of trading.

SAEX Stock Performance

With a market capitalization of $18 million, SAExploration Holdings, Inc. (NASDAQ:SAEX) is considered a nano-cap company. However, as a company in the energy sector, it has a large operating cashflow in the neighborhood of $160 million annually.

Earnings have been historically poor for the company. After posting a per share profit of $234.59 in 2012, they followed that stellar performance up with an EPS loss of (-$283.89) in 2013, and (-$383.52) in 2014. Those massive losses were followed by smaller EPS losses of (-$84.55) in 2015, and (-$6.13) in 2016. In 2016, the company also increased the number of outstanding shares, and diluted shareholder equity, from 120,000 to 4.08 million.

Institutions have decreased their shareholdings in SAEX stock by over 30%. Year-to-date, the stock is down almost 75%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SAEX and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Pacific Ethanol, Inc. (NASD:PEIX) Beats Estimates but Market Sells

Pacific Ethanol, Inc. (NASD:PEIX)

Pacific Ethanol, Inc. (NASD:PEIX) gapped up on the open and gained 12% before pulling back into negative territory. Yesterday PEIX shares closed at $8.35 and this morning reached $9.35 based on a Q4 and 2016 full-year earnings report that beat analyst expectations. Trading has been around three times the average daily volume.

For Q4 2016, Pacific Ethanol, Inc. (NASD:PEIX) reported net income of $13.1 million – a YoY gain of 17%. Q4 2016 operating income was $18.8 million versus $0.5 million for the same period last year. Net income available to common stockholders was $12.6 million, or $0.30/share, compared to a net loss of $1.1 million, or $0.03/share in Q4 2015.

For the year 2016, net sales were $1,624.8 million, compared to $1,191.2 million in 2015. Gross profit was $51.8 million, compared to $7.4 million in 2015. Net income available to common stockholders was $0.1 million, or $0.00/share, compared to a 2015 net loss of $20.1 million, or $0.60/share.

Pacific Ethanol is a producer and marketer of low-carbon renewable fuels in the Western United States. Pacific Ethanol, Inc. (NASD:PEIX) owns eight ethanol production facilities, four in the Western states of California, Oregon, and Idaho, and four in the Midwestern states of Illinois and Nebraska. The plants have a combined production capacity of 515 million gallons per year, produce over 1 million tons per year of ethanol co-products such as wet and dry distiller grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2.

Ethanol could be considered an integral part of the country’s transportation fuel market, currently representing nearly 10% of the overall gasoline supply in the United States. Ethanol has many advantages as a component of our transportation fuels. It is made from domestically produced renewable resources and reduces air pollution and carbon dioxide. With its high octane rating, ethanol is claimed to add value to gasoline blends. Ethanol also helps consumers by increasing domestic fuel supplies and refining capacity.

Pacific Ethanol, Inc. (NASD:PEIX) sales have increased from $900 million in 2011 to $1.19 billion in 2015. EPS has been erratic. In 2011 PEIX shareholders experienced a positive EPS of $0.80 – and also in 2014 when the company posted a profit of $0.93 EPS. However there were EPS losses in 2012 (-$2.81), 2013 (-$0.17), and in 2015 (-$0.60). PEIX is currently trading down over 3% below yesterday’s close.

3/2/2017
Ticker Symbol PEIX
Last Price a/o 2:27 PM EST  $                      8.10
Average Volume                    568,000
Market Cap (mlns)  $                  358.13
Sales (mlns) $1,560.00
Shares Outstanding (mlns) 42.89
Share Float (mlns) 34.89
Shortable Yes
Optionable Yes
Inside Ownership 0.20%
Short Float 2.87%
Short Interest Ratio 1.77
Quarterly Return -1.18%
YTD Return -12.11%
Year Return 105.16%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy. 

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Seadrill LLC (NYSE:SDLP) Prospects Looking Dim

Seadrill LLC (NYSE:SDLP)

Seadrill LLC (NYSE:SDLP) might be filing for bankruptcy. Seadrill is a UK-based limited liability company formed by Seadrill Limited (NYSE:SDRL) to own, operate and acquire offshore drilling rigs. The company’s drilling rigs are under long-term contracts with major oil companies such as Chevron, Total, BP and ExxonMobil. Yearly performance looks good – up 47%. However that number needs to be put in the context that the previous year was when SDLP shares were hitting all-time lows. When the downturn in the -off-shore drilling sector began in 2014, SDLP was trading above $20.

Wall St. analysts projected Seadrill LLC (NYSE:SDLP) Q4 revenues at $353 million – actual was $353.3 million. It is a small win for the company but that figure still represents a 24% YoY drop. Operating income dropped about 20% from the previous quarter and operating expenses increased around 3% from the prior quarter. However deeper in their earnings announcement was what cause SDLP shares to plummet:

The short to medium term outlook for the offshore drilling market continues to be challenging… We continue to expect utilization to get worse before it gets better as more units become available than are required… Discussions continue with stakeholders and potential new money investors, however given the status of those discussions, Seadrill Limited has indicated that it will be challenging to finalize a fully consensual agreement before April 30, 2017. In the event a consensual restructuring agreement is not concluded or an agreement to an extension is not reached, Seadrill Limited is also preparing various contingency plans, including potential schemes of arrangement or chapter 11 proceedings.”

On the release of this ominous press release, Seadrill LLC (NYSE:SDLP) shares dropped over 20%. Given the political landscape and the expectation that barriers to oil drilling will be dropping off faster than they were enacted, it is not unrealistic to believe that energy prices will remain flat or lower. Seadrill LLC (NYSE:SDLP) would, in that case, probably need to review alternatives.

3/1/2017
Ticker Symbol SDLP
Last Price a/o 4:44 PM EST  $                      3.62
Average Volume                    807,630
Market Cap (mlns)  $                  329.06
Sales (mlns) $1,710.00
Shares Outstanding (mlns) 90.9
Share Float (mlns) 49
Shortable Yes
Optionable Yes
Inside Ownership 0.00%
Short Float 1.40%
Short Interest Ratio 0.85
Quarterly Return 9.02%
YTD Return -11.74%
Year Return 46.84%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy. 

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Maxwell Technologies, Inc. (NASDAQ:MXWL) Barely Moves Despite Earnings Announcement and Restructuring Plans

Maxwell Technologies, Inc. (NASDAQ:MXWL)

Maxwell Technologies, Inc. (NASDAQ:MXWL) reported, after the close of the market’s regular session, operational and financial results for the three months ended December 31, 2016. Results were generally in line with analyst expectations and MXWL shares barely moved in the after-market – down 1.57% to $5.00. Also announced with Q4 earnings were corporate actions which will likely have a large influence on future earnings.

Total revenues for Q4 2016 were $26.4 million, compared with $25.5 million for Q3 2016 and $49.8 million for the same quarter of the prior year. Net loss for Q4 2016 was $12.2 million, compared with a net loss of $6.9 million for Q3 2016 and a net loss of $2.2 million for the prior year quarter.

San Diego, CA-based Maxwell Technologies, Inc. (NASDAQ:MXWL) develops, manufactures, and markets energy storage and power delivery products globally. The company also provides radiation-hardened microelectronic products consisting of single board computers and components comprising high-density memory and data conversion modules for satellites and spacecraft applications.

Also announced today was the news that Maxwell Technologies, Inc. (NASDAQ:MXWL) will purchase the operating entities of Nesscap Energy, Inc., a developer and manufacturer of ultracapacitor products for use in transportation, renewable energy, industrial and consumer markets, for an aggregate purchase price of $23.175 million, payable in common shares that are subject to a 10% collar adjustment at close. Maxwell expects to benefit from synergies between the two companies that will accelerate revenue and earnings growth, increase the pace of innovation, and create a broader and more advanced product portfolio.

Maxwell Technologies, Inc. (NASDAQ:MXWL) also announced a global restructuring plan which includes a reduction-in-force as well as a consolidation of their manufacturing and supply chains. The company is, however, expanding in one area – the Chinese bus market. Maxwell expanded their agreement with CRRC Qingdao Sifang Rolling Stock Research Institute Co. Ltd. which localizes the manufacturing of ultracapacitor-based modules for use in the China-based bus market.  

2/28/2017
Ticker Symbol MXWL
Last Price a/o 7:53 PM EST  $                      5.00
Average Volume                    166,310
Market Cap (mlns)  $                  161.04
Sales (mlns) $144.70
Shares Outstanding (mlns) 31.7
Share Float (mlns) 31.14
Shortable Yes
Optionable Yes
Inside Ownership 0.70%
Short Float 6.13%
Short Interest Ratio 11.49
Quarterly Return -2.50%
YTD Return -0.78%
Year Return -11.34%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

 

Can Canadian Solar Inc. (NASDAQ:CSIQ) Do Better in 2017?

Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ), like many other solar companies, had a tough year in 2016.  Can 2017 be better?

Canadian Solar is due to report its 4Q16 earnings on March 9, which might provide clues about how 2017 could turn out to be for the company. In 2016, the company struggled with tepid demand for solar panels because of a shortage of incentives to solar buyers from governments. Additionally, oversupply of panels led prices lower, making it difficult for panel manufacturers to meet their growth projections.

As a result, Canadian Solar Inc. (NASDAQ:CSIQ) posted downbeat earnings for 3Q16, its most recent quarterly report. Revenue of $657.3 million came short of consensus estimate by $28 million. Furthermore, the revenue declined 23% from a year earlier. Soft demand for panels and weak pricing environment contributed to the revenue shortfall.

That led Canadian Solar Inc. (NASDAQ:CSIQ) to report EPS of $0.27, barely in-line with the consensus estimate.

The troubles in the solar industry in 2016 were also responsible for the nearly 60% drop Canadian Solar’s share price in the year. However, in what signals a positive start to 2017, shares of Canadian Solar Inc. (NASDAQ:CSIQ) are already up more than 25% so far this year. The stock rose nearly 9% to $15.36 in the last session.

Hope for a better 2017

The gains in the stock seem to stem from investors growing more optimistic that 2017 will be a better year for Canadian Solar Inc. (NASDAQ:CSIQ). Part of the reason for optimism comes from expectations that Canadian Solar will find good market for the various projects it has earmarked for sale.

Instead of creating a yieldco, Canadian Solar said it would monetize about $2 billion worth of project assets. It has sold several projects already, including recent sale of three utility-scale solar farms to a unit of Fengate Real Asset Investments. The transaction involving the three solar farms was valued at more than $195 million. Canadian Solar said gains from the transaction will be reflected in its 1Q17 results.

But Canadian Solar Inc. (NASDAQ:CSIQ) has more assets to monetize. About $1.2 billion worth of project assets remain to be sold.

The sale of the assets will yield cash that Canadian Solar can funnel to more growth in 2017 or distribute to shareholders. The cash injection from assets monetization would also ease pressure on Canadian Solar in case recovery in solar industry remains slow in 2017.

Industry growth

Though 2016 was a tough year for solar companies, solar power industry is expected to continue growing thanks to regulatory requirements around greenhouse emissions. Falling panel prices is also expected to encourage uptake of solar power system, leading to more demand for Canadian Solar Inc. (NASDAQ:CSIQ) products and projects.

Canadian Solar Inc. (NASDAQ:CSIQ) has several projects in the pipeline.

2/21/2017
Ticker Symbol CSIQ
Last Price a/o, 4:02PM EST  $                       15.36
Average Volume (mlns)                    1.27
Market Cap (mlns)  $                  837.89
Sales (mlns) $3.30
Shares Outstanding (mlns) 54.55
Share Float (mlns) 45.25
Shortable Yes
Optionable Yes
Inside Ownership 31.00%
Short Float 12.31%
Short Interest Ratio 4.4
Quarterly Return 31.51%
YTD Return 26.11%
Year Return -26.86%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Smart Sand Inc (NASDAQ:SND)

Southcross Energy Partners, L.P. (NYSE:SXE) Shares Pushing Back Against Analysts

Southcross Energy Partners, L.P. (NYSE:SXE)

Southcross Energy Partners, L.P. (NYSE:SXE) shares are up over 15% on heavy volumes. SXE ended yesterday’s trading at $2.26 but hit a high today of $2.74 – a 20% move. The uptick came in conjunction with volumes nearing 880k thousand shares – average daily volumes are under $200k.

Dallas, TX-based Southcross Energy Partners, L.P. (NYSE:SXE) is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include two gas processing plants, one fractionation plant and approximately 3,100 miles of pipeline.

Southcross Energy Partners, L.P. (NYSE:SXE) did not fare well in 2015. SXE shares dropped from just over $20 to less than $1. In 2016, four notable financial firms downgraded the shares. However for the past quarter, SXE is up over 66%; for the past year SXE is up 276%; and for year-to-date SXE shares are up over 67%.

On January 9, 2017 Southcross Energy Partners, L.P. (NYSE:SXE) announced a change in leadership. Bruce A. Williamson, currently the Executive Chairman of Holdings and a director of the Southcross general partner, was been named President and Chief Executive Officer of both Holdings and Southcross’ general partner. Mr. Williamson has over 35 years of experience encompassing all facets of the energy value chain with Shell Oil Company, PanEnergy Corporation, Duke Energy, Dynegy, and Cleco Corporation.  He also brings a strong record of accomplishment as a CEO delivering shareholder value through transformation, restructuring, capital allocation, asset transactions and mergers.

Southcross Energy Partners, L.P. (NYSE:SXE) sales dropped from 2014 ($848.5 million) to 2015 ($698.5 million) but are still above levels experienced between 2011 and 2013. Earnings on a per share basis have been negative for the past five years with 2015 reporting a loss of $1.32.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/16/2017
Ticker Symbol SXE
Last Price a/o 3:22 PM EST  $                      2.66
Average Volume                    198,800
Market Cap (mlns)  $                  140.05
Sales (mlns) $554.80
Shares Outstanding (mlns) 61.97
Share Float (mlns) 10.27
Shortable Yes
Optionable Yes
Inside Ownership 0.50%
Short Float 1.40%
Short Interest Ratio 0.72
Quarterly Return 66.18%
YTD Return 67.41%
Year Return 276.67%

Superconductor Technologies Inc. (Nasdaq:SCON) Experiencing Massive Volumes

Superconductor Technologies Inc. (Nasdaq:SCON)

Shares of Austin, TX-based Superconductor Technologies Inc. (Nasdaq:SCON) are up over 30% on over 65 times normal average daily volumes. In November, Superconductor Technologies Inc. (Nasdaq:SCON) shares skyrocketed when the company was awarded $4.5 million for its Next Generation Electric Machines program by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. Superconductor Technologies Inc. (Nasdaq:SCON) is developing and producing High Temperature Superconductor, or HTS, wire that bears the potential to revolutionize the electric power industry.

Yesterday, Superconductor Technologies Inc. (Nasdaq:SCON) was awarded a U.S. Patent enabled by STI’s superconducting wire manufacturing method. This patented process improves Conductus wire’s performance in the presence of a strong magnetic field. The properties of HTS allow wire to conduct electricity more efficiently from traditional copper wire through cooling power transmission to “critical” temperatures. Superconductor Tech markets its patented HTS technology under the brand name Conductus. HTS has the potential to revolutionize the Smart Grid market of generating and transmitting electricity in the United States.

Jeff Quiram, STI’s President and CEO stated in a press release “This new patent protects the foundation from which we will build high performance wire for our customers. The flexibility provided by our proprietary manufacturing process enables STI to build superconducting wire in very unique ways.”

Sales have declined YoY for Superconductor Technologies Inc. (Nasdaq:SCON). In 2011 and 2012 reported sales were $3.5 million. However, shareholders have seen steady improvement in earnings per share. In 2011, there was a loss of $75.69, followed by narrower losses and in 2015 the loss was $6.55.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/16/2017
Ticker Symbol SCON
Last Price a/o 10:23 AM EST  $                      1.48
Average Volume                1,250,000
Market Cap (mlns)  $                      5.91
Sales (mlns) $0.10
Shares Outstanding (mlns) 5.14
Share Float (mlns) 4.37
Shortable Yes
Optionable No
Inside Ownership 3.10%
Short Float 14.41%
Short Interest Ratio 0.5
Quarterly Return -9.29%
YTD Return -6.50%
Year Return -61.67%