NEW YORK, October 30, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Allegheny Technologies Inc. (NYSE: ATI), Hovnanian Enterprises Inc. (NYSE: HOV), Real Goods Solar, Inc. (NASDAQ: RSOL), Trex Co. Inc. (NYSE: TREX), and China Ming Yang Wind Power Group Limited (NYSE: MY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Allegheny Technologies Inc. Research Report
On September 16, 2013, Allegheny Technologies Inc. (ATI) announced that it has reached an agreement to divest its tungsten materials business to Kennametal Inc. (Kennametal) for $605 million. Rich Harshman, ATI Chairman, President and CEO said, "The sale of our tungsten materials business to Kennametal, a recognized global leader in tungsten-based wear-resistant products, provides ATI with increased financial flexibility and simplifies capital allocation and deployment." ATI anticipates the transaction to be completed during Q4 2013. The Full Research Report on Allegheny Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c967_ATI]
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Hovnanian Enterprises Inc. Research Report
On September 9, 2013, Hovnanian Enterprises, Inc. (Hovnanian Enterprises) reported its Q3 FY 2013 financial results (period ended July 31, 2013). The Company reported total revenues of $478.4 million, up 23.6% YoY. Net income for the quarter totaled $8.5 million, or $0.06 per common share, down compared to $34.7 million, or $0.25 per common share in Q3 FY 2012. "We were pleased that we were able to raise home prices, grow revenues and increase our gross margin during the third quarter of fiscal 2013," stated Ara K. Hovnanian, Chairman of the Board, President and CEO. Hovnanian added, "Our emphasis on raising home prices combined with concerns over rising mortgage rates and weakened consumer confidence dampened our home sales during July and August of 2013. We continue to project profitability for the full fiscal 2013 year and strong results for our fourth quarter, excluding any expenses related to early retirement of debt." The Full Research Report on Hovnanian Enterprises Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bb4c_HOV]
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Real Goods Solar, Inc. Research Report
On September 12, 2013, Real Goods Solar, Inc. (Real Goods Solar) announced the launch of a community solar discount program that will be part of the Advance Selma program. The program focuses on sustainability, the environment, and economic development. Real Goods Solar reported that under the program, it will provide Selma-based residents with discounted pricing for solar through tiered community-based incentives. "As one of our nation's pioneering solar energy installers and sustainable living educators, we believe in partnering with and investing resources in communities like Selma," said Real Goods Solar CEO Kam Mofid. "With the clear financial benefits for individuals and the whole community, we anticipate strong participation and solar adoption through the Advance Selma program." The Full Research Report on Real Goods Solar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/67a0_RSOL]
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Trex Co. Inc. Research Report
On September 18, 2013, Trex Company Inc. (Trex) announced its Northeast expansion through the addition of New Jersey-based Manufacturers Reserve Supply (MRS) to its distribution network. MRS will be responsible in supplying dealers across the region with high performance, low-maintenance Trex products. "Trex has established one of the most robust distribution networks in the industry, and our relationship with MRS will allow us to further expand our market share," said Ron Kaplan, Chairman, President and CEO of Trex. "MRS has a long-standing reputation for integrity, responsiveness and innovation, and we are confident they will provide the highest quality of service to our valued dealer partners." The Full Research Report on Trex Co. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/218f_TREX]
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China Ming Yang Wind Power Group Limited Research Report
On September 30, 2013, China Ming Yang Wind Power (Ming Yang) announced that it has secured a total of 87MW in the first tranche of tender for off-shore wind power near Zhuhai Guishan Island, Guangdong Province, China. The Company informed that the winning bid comprises of 29 units of 3MW super compact drive (SCD) wind turbine generators. "This bid marks an important milestone in the practical commercial off-shore tender in Guangdong Province and in China, I am very excited that Ming Yang has managed to secure a substantial part of the first tranche of this tender available using our SCD technology," said Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang. "This is a clear endorsement of Ming Yang's SCD technology, and heralds a new phase of off-shore wind power generation in China." The Full Research Report on China Ming Yang Wind Power Group Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/27fd_MY]
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