Alternative Energy Stock Alert for ESPH, PIKE
Harris Roen, Editor
Roen Financial Report
November 12, 2012
One poor earnings report and one better than expected, generated today’s stock alerts.
| Ecosphere released down earnings numbers for the quarter. Revenues dropped 15% for the quarter, and profits fell 26%. The good news, however, was that net income remained positive for three quarters in a row. The price of this penny stock bottomed out to an annual low, down 23% for the year. | Press release |
| Pike’s stock surged 14% for the week on a strong earnings report. Revenues were up 37% for the quarter, and profits came in 55% higher than the same quarter last year. Prices spiked to a 52 week high, up 54% for the year. Investors should be cautions, though, since the Roen Financial Report considers the stock overvalued at current prices. | Press release |
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It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities 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.
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