SmallCapReview - Small Cap Stocks to Watch For Friday - DECK, ALKS, TTEK, ACFN
Winston-Salem 10/09/2008 09:35 PM GMT (TransWorldNews)
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Deckers Outdoor Corporation (Nasdaq: DECK) Closed at $76.96. Announced after market close preliminary sales for the third quarter ended September 30, 2008. The Company announced that it expects third quarter 2008 sales to be approximately $195 million, which would represent an increase of 51% over 2007 levels, up from its previous guidance of an increase of approximately 34%. Based on higher than forecasted sales, the Company expects to also exceed its previously issued third quarter 2008 diluted earnings per share growth target of 12% over the same period in fiscal 2007.
The Company also stated that it still expects fourth quarter 2008 revenue and diluted earnings per share to increase approximately 45% and 42%, respectively, over 2007 levels.
What They Do: Deckers Outdoor Corporation strives to be a premier lifestyle marketer that builds niche brands into global market leaders by designing and marketing innovative, functional and fashion-oriented footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
How They Trade: DECK has a 52 week high of $166.50 and a 52 week low of $74.43.
Alkermes (Nasdaq: ALKS) Closed at $10.02. Announced after market close that patients with schizophrenia now have a new administration option for RISPERDAL® CONSTA® [(risperidone) Long-Acting Injection]. The U.S. Food and Drug Administration (FDA) has approved a new injection site, the deltoid muscle in the arm, for RISPERDAL CONSTA for the treatment of patients with schizophrenia. RISPERDAL CONSTA was previously approved as a gluteal injection only.
What They Do: Alkermes, Inc., a biotechnology company committed to developing innovative medicines to improve patients' lives, manufactures RISPERDAL® CONSTA® for schizophrenia and developed and manufactures VIVITROL® for alcohol dependence. Alkermes' robust pipeline includes extended-release injectable, pulmonary and oral products for the treatment of prevalent, chronic diseases, such as central nervous system disorders, addiction and diabetes.
How They Trade: ALKS has a 52 week high of $18.78 and a 52 week low of $10.32.
Tetra Tech (Nasdaq: TTEK) Closed at $16.66. Today announced that it has been awarded two engineering, procurement, and construction (EPC) projects and one balance of plant (BOP) construction project for wind farms. In aggregate, these wind farms will generate 218.2 MW of clean energy—enough to power more than 55,000 homes. The combined value of the three awards is $69 million. TTEK is currently a focus stock at SmallCapReview.com.
What They Do: Tetra Tech is a leading provider of consulting, engineering and technical services. With approximately 8,500 associates located in the United States and internationally, the Company supports commercial and government clients in the areas of resource management and infrastructure. Tetra Tech’s services include research and development, applied science and technology, engineering design, program management, construction management, construction, and operations and maintenance.
How They Trade: TTEK has a 52 week high of $30.15 and a 52 week low of $13.89.
Acorn Energy (Nasdaq: ACFN) Closed at $2.56. Today announced that one of its operating companies, CoaLogix, is a finalist for the Commercial Technology of the Year and Rising Star in the 2008 Platts Global Energy Awards. Established in 1999 and often referred to as the "Oscars of Energy," the Platts Global Energy Awards recognize innovation, leadership, and superior performance in more than a dozen categories spanning the entire energy industry.
The Commercial Technology award goes to companies that have shown excellence in the use of technology for efficiency and business processes, as well as proving emissions reductions, usability and success. Along with CoaLogix, other nominees include CNOOC, EnerNOC, Inc., Lennox Industries, Salt River Project and Southern California Edison. The Rising Star Award honors companies that, in a short time, have made a major impact on their industry.
What They Do: Acorn Energy, Inc. is a publicly traded holding company focused on two goals: improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Our operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in CoaLogix, Comverge, Coreworx, DSIT, Gridsense, Local Power and Paketeria.
How They Trade: ACFN has a 52 week high of $6.59 and a 52 week low of $2.54.
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Copyright SmallCapReview. SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks, to register and automatically be entered to win a Free Blackberry Pearl visit http://www.smallcapreview.com/subscribe.htm. SmallCapReview has been compensated five thousand dollars by Acorn Energy and holds seventeen hundred shares purchased in the open market.
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