Posts for Ticker ‘EPG’

Dreaded ‘Going Concern’ Notes Head To Alternative Energy (AVR, BCON, EPG, VRNM)

burning-money-pic22If there is one phrase that a company does not want to see in its annual report, it is “GOING CONCERN.”  This hinges on a company’s ability to operate financially as a viable business.  March is the month where we see many “going concern” notes from auditors, but what makes this interesting is that we are seeing this phrase applied to alternative energy companies.  They are supposed to be the thing of the future.
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Top Analyst Upgrades & Downgrades (ACM, AXYS, CTAS, CVD, GILD, PPDI, VISN, EPG, VTIV)

Money_stack_picIt is getting pretty thin in major analyst coverage as firms are encouraged to go easy on major year-end calls barring anything unexpected.  These are the top analyst upgrades, downgrades, and new coverage calls we have seen this Tuesday morning:

  • AECOM (ACM) Started as Outperform at Baird.
  • Axsys Technologies (AXYS) Raised to Outperform at Morgan Keegan.
  • Cintas (CTAS) Started as Overweight at JPMorgan.
  • Covance (CVD) Started as Buy at Piper Jaffray.
  • Gilead (GILD) Started as Buy at Stanford Group.
  • PPD Inc. (PPDI) STarted as Buy at Piper Jaffray.
  • VisionChina Media (VISN) Strated as Buy at Piper Jaffray.
  • Environmental Power Corp. (EPG) Cut to Neutral at Merriman Curhan Ford.
  • inVentiv Health (VTIV) Cut to Hold at Jefferies.

Jon C. Ogg
December 23, 2008