Home > News > A Chinese Energy Bottle Rocket
November 22nd, 2005
A Chinese Energy Bottle Rocket
Abstract:
W.D. Crotty: Here is where the story gets interesting. A research report that set a $13.75-per-share 12-month price target didn't lift the stock. Neither did the mid-October announcement that the company was going to distribute Emerson Electric's (NYSE: EMR) invertor products in China. The stock kept falling after a press release saying the company had a letter of intent to develop a patented "high-end nanotechnology" solar cell that has a "thermo-photovoltaic conversion rate of over 35%." Hmm. I thought some talk on nano and solar would've been worth a good bit more speculation.
Source:
fool.com
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