What do you all think of EMKR? The semiconductor sector seems to be performing well, and this stock has been hitting new highs lately. I might buy a little bit of it on Monday.
Leaira
Here is a thread already started on EMKR.
Try posting for some feedback there.
Good trading to you, have a nice weekend.
http://www.3stocksonfire.org/trading/index.php?topic=758.0
AP
Emcore Shareholders File Suit
Friday June 15, 6:37 pm ET
2 Emcore Shareholders File Derivative Lawsuits Against Board Members, Former Executives
NEW YORK (AP) -- Emcore Corp. said Friday that two of its shareholders have each filed a derivative lawsuit against certain members of the company's board and certain current and former executives.
The company, which makes fiber optic components used in satellite, solar and broadband applications, has been named as a nominal defendant in each of the actions, Emcore said in a filing with the Securities and Exchange Commission.
The complaints, which were served on Monday, accuse improprieties and violations of law in connection with Emcore's historical issuances of stock options.
Both lawsuits seek damages, equitable relief, corporate governance reforms, restitution and costs and disbursements related the lawsuit, the company said.
Emcore said its board plans to review the allegations and respond appropriately.
The suits were filed in the Superior Court of New Jersey, according to the filing.
Emcore also said in Friday's SEC filing that Nasdaq Stock Market has stayed its decision to delist the company's shares pending further action by its listing council, which will not occur before Aug. 10, the company said.
Emcore shares rose 2 cents to $4.92 in aftermarket trading, after rising 10 cents, or 2.1 percent, to $4.90 in the regular session.
AP
Emcore Gets Nasdaq Warning
Wednesday May 16, 6:19 pm ET
Emcore Warned of Possible Nasdaq Delisting Because of Delayed Quarterly Report
ALBUQUERQUE, N.M. (AP) -- Emcore Corp., a maker of fiber optic components used in satellite, solar and broadband applications, said Wednesday it received a notice from Nasdaq Stock Market that it could face delisting due to the delayed filing of its results for the quarter ended March 31.
The company's quarterly report had a filing deadline of May 10. Emcore said it expected the Nasdaq warning.
To maintain listing on the stock exchange, Emcore must file its outstanding results for the fiscal year ended Sept. 30, 2006, and for the quarter ended Dec. 31, 2006, by June 18. Emcore said that it will request an extension from a Nasdaq listing panel if it cannot meet that deadline.
The company is one of at least 211 companies that have launched internal probes or are under federal scrutiny for possible backdating of stock option grants.
bizjournals.com
EMCORE may be delisted
Thursday May 17, 4:11 pm ET
Emcore Corp. has announced it is under threat of delisting by the NASDAQ stock market.
The Albuquerque-based fiberoptics and solar cell manufacturer (NASDAQ:EMKR - News) said Wednesday it received a letter Monday from NASDAQ saying its failure to file a required report had made it subject to delisting. EMCORE said it had been expecting the letter because its ongoing review of prior stock option grants have so far prevented it from filing Form 10-Q.
Based on the ongoing review, EMCORE said in November 2006 it was likely that measurement dates for certain stock option grants differed from the recorded grant dates for those awards. The company announced that, as a result, financial statements included in its annual and interim reports for the periods beginning with fiscal year 2000 could no longer be relied upon.
The company has been granted continued listing subject to certain conditions, including that it file this and other forms no later than June 18, a deadline the company does not promise it will meet, though it will make "every effort" to do so.
The company says it will ask for an extension if it cannot meet the deadline.
Emcore "buy," target price raised
Monday, August 13, 2007 10:32:19 AM ET
Needham & Co
NEW YORK, August 13 (newratings.com) - Analysts at Needham & Co reiterate their "buy" rating on Emcore Corporation (ticker: EMKR). The target price has been raised from $7 to $12.
&
EMKR: Short Interest DN 3.9% to 4.6M in Aug 2007
Friday , August 24, 2007 16:17ET
According to new short interest data from NASDAQ, short interest for EMCORE Corporation (NasdaqNM: EMKR) DECREASED 3.9% to 4,551,436 shares for the month ended mid-August, 2007.
SYMBOL JULY AUGUST CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
EMKR 4,737,212 4,551,436 -185,776 -3.92% 5
Based on EMKR's 20-day average daily share volume of 1,135,925, it would require approximately 5 day(s) of buying to cover this short interest.
&
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, announced today that it has been awarded a follow-on production order from Green and Gold Energy (GGE) for 3 million solar cells for use in GGE's SunCube(TM) terrestrial concentrator system. This 105 MW purchase order represents the largest procurement of concentrator solar cells in the industry to date and is a follow-on order to an initial 5 MW order placed earlier this year. All hardware ordered under this contract is to be shipped by the end of 2008.
EMCORE will ship its industry leading Concentrator Triple-Junction (CTJ) solar cell products, which have been designed and optimized for Green and Gold Energy's 1100x CPV system. EMCORE has demonstrated record conversion efficiency of 39% under these high concentration conditions and this performance will enable the most cost effective CPV system on the market today. These ultra-high efficiency CPV cells are presently in volume production for multiple customers in a variety of cell sizes.
Based in Glynde, Australia, Green and Gold Energy is a world-leading CPV system provider (www.greenandgoldenergy.com.au). With strong support from Australian government, they plan to deploy solar power farms employing their SunCube(TM) low-cost CPV system. GGE is also entering into distribution agreements with several partners, representing a potential for more than 500 MW of annual demand. The SunCube(TM) CPV has been designed to produce power at a cost lower than traditional photovoltaic technologies.
Greg Watson, CEO of Green and Gold Energy, stated, "EMCORE's solar cell serves as the key enabling technology in our SunCube(TM) CPV system. The patent pending SunCube together with its supporting technologies and the EMCORE cell, are receiving worldwide recognition as the CPV system capable of delivering truly fossil fuel competitive energy."
As a part of the planned high-volume product roadmap, EMCORE's continuing investment in technological innovation will enable the introduction of CPV solar cell products with conversion efficiencies of greater than 40% under highly concentrated illumination operating conditions required for next generation, cost competitive CPV systems.
"We are very pleased to receive this follow-on order from Green and Gold Energy," said David Danzilio, Vice President and General Manager of EMCORE's Photovoltaics Division. "EMCORE's CPV solar cells are optimized for our customers' systems to yield state-of-the-art performance with the lowest cost per kW-hr. This 105 MW production contract confirms EMCORE's position as the leader in concentrator cell technology and high volume manufacturing. EMCORE is committed to continually investing in our concentrator cell technology and further expansion of our manufacturing capacity to meet the growing requirements of present and future customers," added Mr. Danzilio.
EMKR...not a pure solar company...but company ramping up it's solar business.
News out this morning. Hit a 52 week high today.
When will the U.S. catch up with the rest of the world. ???
EMCORE Corporation enters into an Agreement to supply 60MW of Terrestrial Solar Power Systems in Ontario, Canada
Wednesday December 12, 9:18 am ET
ALBUQUERQUE, New Mexico, Dec. 12 /PRNewswire-FirstCall/ -- EMCORE Corporation (Nasdaq: EMKR - News), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, announced today that it has signed a memorandum of understanding for the supply of 60MW of solar power systems that are scheduled for deployment in Ontario, Canada over the next three years.
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EMCORE will supply and install turnkey solar power systems in the Sault Ste Marie area utilizing EMCORE's concentrating photovoltaic (CPV) systems developed at its Albuquerque, NM facility. EMCORE also has the right to substitute other solar technologies in portions of the projects. The project developer, Pod Generating Group (PGG), has secured the licenses and permits for the project through the Ontario Power Authority Standard Offer Program and system deployment is expected to begin in mid-2008. PGG is a developer of photovoltaics-based power generation facilities in Northern Ontario, Canada.
EMCORE's CPV systems are powered by our industry leading high-efficiency compound semiconductor-based multi-junction solar cells that operate with 500x concentration to provide a lower cost-per-watt than competing technologies. In August 2007, EMCORE announced that it obtained 39% peak conversion efficiency under 1000x concentration on its terrestrial concentrating solar cell products currently in volume production. This compares favorably to typical efficiency of 15-21% on silicon-based solar cells and average 35% efficiency for competing multi-junction cells. The company is in discussions to set up a manufacturing plant in the area to supply the local demand as volume ramps up. EMCORE's continued investment in high-efficiency CPV systems for utility-scale photovoltaic power systems will enable the development of a new alternative energy resource worldwide.
"We are very pleased to receive the opportunity to deploy our first order of utility-scale solar power systems in support of PGG's projects in Ontario," said Earl Fuller, Vice President and General Manager of EMCORE's Solar Power Systems division. "EMCORE's CPV systems are optimized for the lowest cost-per- watt of any utility-scale photovoltaic power system. EMCORE is committed to deploying solar power systems worldwide in the expanding renewable energy marketplace. CPV improves the performance of compound semiconductor-based solar cells, avoids the supply constraint that currently exists with silicon- based solar modules, and provides a lower cost-per-watt," added Mr. Fuller.
About EMCORE:
EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optics unit offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power unit provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high- efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com.
fyi:
EMCORE Corporation (EMKR) announced that it has signed a memorandum of understanding
for the supply of 60MW of solar power systems that are scheduled for deployment in Ontario,
Canada over the next three years.
The Company is a provider of compound semiconductor-based components and subsystems for
the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Solar Power
unit provides solar products for satellite and terrestrial applications. For satellite applications,
EMCORE offers high- efficiency compound semiconductor-based gallium arsenide (GaAs) solar
cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications,
EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as
well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power
concentrator systems.
The news was applauded by investors who were waiting on some large contract announcements.
Shares gained some 19% on 3.2 million shares traded. CIBC analyst called the deal a potential
catalyst for the stock as the agreement could bring some $200 million to $250 million in revenue to the Company over the next three years. The firm also called the company a cheap way to play solar, since its shares are only $11 where most other solar names have seen their shares soar into the $30's, $40's, and S50's with FSLR's shares touching $250.
The gallium arsenide used in the solar panel construction is noted as being more efficient than
silicon based cells. The higher efficiency makes them more suitable for use in satellite applications. But the higher efficiency most likely comes with a higher price tag. Silicon is also highly abundant in the Earth's crust and cheap to process. The economies of scale have made gallium arsenide adoption reduced when compared to silicon.
But as many are aware, silicon is becoming in short supply because of the solar and semiconductor demand. Gallium arsenide can also be used in semiconductor use but have much higher power consumption which have made them unable to compete with silicon.
Even so, with silicon coming under short supply internationally with the ramp up in production of solar cells and semiconductors, the name is certainly one to follow with their substitute gallium arsenide solar cells which are more efficient. Investors would be wise to watch.
Nice follow through after yesterday's news. ;D
I really like EMKR. High volume continues even today. ;D
News out today. :)
Chart looking good after the downturn.
Nice, some solar charts are starting to look good again.
I'm surprised the street liked ESLR's #s, I thought they were terrible! 20 mil in revenues and over $1 bil market cap. I just don't understand how it adds up...some technology they have that will dramatically increase their earnings potential in the future maybe...? I dont know.
Big up day again. ;D
Bought EMKR this morning to test my trading system.
here is the link
http://www.3stocksonfire.org/trading/index.php?topic=11073.0 (http://www.3stocksonfire.org/trading/index.php?topic=11073.0)
EMKR momentum should continue
in Test run 2:
http://www.3stocksonfire.org/trading/index.php?topic=11073.0
EMCORE to Separate Business
Lines Following 51% SG&A Annual Increase
Shares of EMCORE Corporation (EMKR) were up 5.015% following
Monday's news that the company plans to separate its two business
lines in fiber optics and photovoltaics. According to the company, the
move allows Emcore to maximize the potential and efficiencies of both
business segments. EMCORE's restructuring programs are designed to
further reduce the number of manufacturing facilities, in addition to the
divesture or exit from selected businesses and product lines that are not
strategic or capable of achieving desired revenue or profitability goals.
Annual fiber optics revenue increased $5.5M or 5% to $110.4M from
$104.9M, as reported in the prior year. Fiber optics revenue represented
65% and 73% of EMCORE's total consolidated revenue for fiscal
2007 and 2006, respectively. Annual photovoltaics revenue increased
$20.5M or 53% to $59.2M from $38.7 million, as reported in the prior
year. Photovoltaics revenue represented 35% and 27% of EMCORE's
total consolidated revenue for fiscal 2007 and 2006, respectively. SG&A
expenses increased $19.6M or 51% to $57.8 million from $38.2 million
in the prior year. During the company annual stockholders meeting on
March 31, 2008, Emcore approved an amendment to the Company's
2000 Stock Option Plan by increasing the number of shares available
for issuance under the Plan from 6,850,000 shares to 9,350,000 shares.
Under the Restated Certificate of Incorporation, the total number of
shares of capital stock which the Company has the authority to issue
is 105,882,352. Of these authorized shares, Common Stock comprises
100M shares and preferred stock comprises 5,882,352 shares.
52wk Range: 4.32 - 15.90
Volume: 3,407,521
Avg Vol (3m): 2,837,530
Technicals
Close Above the 13-day MA
Last Price Quote is:
1.97%above 13-day MA
-23.86%below 50-day MA
RS Rating: 4
Fundamentals
Key Data:
Market Cap (M): $496.75
P/E Ratio: 20.56
PEG Ratio: -0.623333
Next Earnings: 07/08/2008
Last Analyst Rating: Buy
SIGNS $28M DEFINITIVE SUPPLY AGREEMENT: EMCORE Corporation (EMKR) has entered
into a $28M definitive supply agreement with ES System of Gwang-Ju, South Korea, for solar
cell receivers to be fielded in fully licensed and funded solar farms in South Korea. This agreement
incorporates an advance deposit to ensure production priority, and will enable the installation
of 70 megawatts of solar farms. Production for this order has commenced and shipments
are scheduled to occur over the next 24 months with the provisions for accelerated deliveries as
well as future purchase options under the same terms. Stated David Danzilio, VP and General
Manager of EMCORE's Photovoltaics Division, "This purchase order further diversifies our growing
terrestrial component backlog, which now exceeds $110M. Our second automated receiver
assembly line has entered into volume production and we expect to commence shipments from
the third receiver line in June. When combined with the recently completed CPV solar cell capacity
expansion, this assembly capability positions EMCORE as the only vertically integrated
CPV receiver manufacturer to the global concentrating photovoltaics industry," added David
Danzilio.
Shares of Emcore(EMKR) were climbing 9% to $2.51 on unusually high volumes of over 6 million. There was no headline on Monday on the stock. The stock skyrocketed 29% last week, though amid a rally in optical networking stocks following strong results from JDS Uniphase(JDSU).
Day's Range: 2.28 - 2.69
52wk Range: 0.71 - 2.69
Volume: 9,821,726
Avg Vol (3m): 1,479,440
Market Cap: 207.32M
Technicals
Record Price High
Most Actives
Stochastic - Bearish
RS Rating: 97