NEW YORK, April 24, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Bovie Medical (NYSEMKT: BVX), Trevena Inc (NASDAQ: TRVN), Allegheny Technologies Inc. (NYSE: ATI), China Ming Yang Wind Power Group Ltd (NYSE:MY), and American Superconductor Corp (NASDAQ: AMSC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
BVX Research Report: ( http://get.analystsreview.com/pdf/?c=Bovie%20Medical&d=24-Apr-2015&s=BVX ),
TRVN Research Report: ( http://get.analystsreview.com/pdf/?c=Trevena&d=24-Apr-2015&s=TRVN ),
ATI Research Report: ( http://get.analystsreview.com/pdf/?c=Allegheny%20Technologies&d=24-Apr-2015&s=ATI ),
MY Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Ming%20Yang%20Wind%20Power&d=24-Apr-2015&s=MY ),
AMSC Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Superconductor&d=24-Apr-2015&s=AMSC ).
Analyst Update: Public Offering and Financial Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks continued to surge record highs on Thursday as the Nasdaq Composite closed at its highest level ever, supported by better than expected corporate earnings. The Nasdaq Composite gained 0.41%, or 20.89 points to close at an all-time record high of 5056.06. The S&P 500 advanced 0.24%, or 4.97 points to 2112.93, and the Dow Jones Industrial Average closed the session at 18,058.69, up 0.11% or 20.42 points. European stocks mostly closed lower on Thursday as investors remained vigil on Greece's debt turmoil and cash crunch situation. Germany's DAX 30 and France's CAC 40 dropped 1.21% and 0.62%, respectively, while London's FTSE 100 gained modestly by 0.3% on Thursday. Meanwhile, Asian stock markets mostly advanced on Thursday as the Shanghai Composite and Japan's Nikkei both closed higher.
Bovie Medical Corporation announced the closure of a sale of an additional 418,749 shares of its common stock pursuant to the over-allotment option of the underwriter in connection with its recent public offering of common stock.
Trevena, Inc. reported a net loss attributable to common stockholders of $49.7 million, or $2.02 per share in 2014, compared with a net loss attributable to common stockholders of $23.6 million, or $29.71 per share in 2013.
Allegheny Technologies Inc. reported that its first quarter 2015 sales were $1.13 billion, which reflected an increase of 14% on YoY basis and 7% on sequential basis. Income from continuing operations attributable to ATI for the quarter was $10.0 million, or $0.09 per share.
China Ming Yang Wind Power Group Ltd reported that its full Year 2014 total revenue was RMB5,872.4 million ($946.5 million), which indicated an increase of 106.4% on YoY basis. Gross profit for the year was RMB813.1million ($131.0 million), up 210.0% from RMB262.3 million in 2013.
American Superconductor Corp., in a preliminary results release, reported that for Q4 2014, it expects revenues in the range of $24-$25 million, the upper end of its previously guided range. For full-year 2014, American Superconductor expects its revenues to be in the range of $69 to $70 million.
About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review