Morning Movers 11/25: RTK, QADI, GGR, HEV, CAEI Higher; BNHN, DRAM, CWTR, CONN Lower
Rentech (AMEX: RTK) 30.4% HIGHER; hearing reports from AdelaideNow that SYNGAS has teamed up with the company and General Electric to progress South Australia's $3 billion coal-biomass-to-diesel Clinton project.
Benihana Inc. (NASDAQ: BNHN) 27.9% LOWER; reports Q2 loss of $0.07, versus the analyst estimate of $0.05. Revenue for the quarter was $69.3 million, which compares to the estimate of $69.36 million. Also announced a $30 million mixed securities shelf. The stock was downgraded to Equalweight at Stephens.
QAD (NASDAQ: QADI) 21.4% HIGHER; reports Q3 EPS of $0.15, versus the analyst estimate of $0.02. Revenue for the quarter was $56.2 million, which compares to the estimate of $53.80 million. Sees Q4 EPS of $0.13, versus the consensus of $0.03. Sees FY10 EPS of about $0.15, versus the Street estimate of $0.02.
Dataram Corporation (NASDAQ: DRAM) 17.6% LOWER; reports Q2 loss of $0.18, compared to ($0.04) in the same quarter last year. Revenue for the quarter was $10.67 million, versus $7.06 million in Q209.
Coldwater Creek (NASDAQ: CWTR) 13.6% LOWER; reports Q3 adj-loss of $0.04, 7 cents lower than the analyst estimate of $0.03. Revenue for the quarter was $266.7 million, which compares to the estimate of $232.24 million.
Conn's, Inc. (NASDAQ: CONN) 13.6% LOWER; reports adjusted Q3 loss of $0.29, versus the analyst estimate of ($0.04). Revenue for the quarter was $182.8 million, which compares to the estimate of $191.67 million.
GeoGlobal Resources (AMEX: GGR) 13.2% HIGHER; since breaking out above the $2 level on Friday of last week, shares have been extremely volatile. That day, the stock surged more than 50%, only to correct 15% and 7% on Monday and Tuesday, respectively, of this week.
Ener1, Inc. (NASDAQ: HEV) 12.2% HIGHER; Advanced lithium-ion battery maker EnerDel, part of Ener1, will enter the utility-scale energy storage market, supplying batteries for a major new smart grid program announced yesterday by the US Department of Energy. EnerDel will build the batteries for five one-megawatt power systems that will be used by Portland General Electric - a pioneer in smart grid technology deployment -- to help manage peak demand and smooth the variations in power from renewable sources like wind and solar.
China Architectural Engineering (Nasdaq: CAEI) 11.7% HIGHER; correcting today following seven straight days of downside, causing a 44% slide in the stock over the course.
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