NF Energy
NF Energy-saving Corporation of America was listed on NASD OTCBB stock market. (Trading Symbol: NFES.OB). The Company operates its business through its wholly owned subsidiary in China, Liaoning Nengfa Weiye Energy Technology Co., Ltd., which principally focus on manufacturing energy-saving equipments and new energy facilities, contracting with energy-saving & pollution reduction Turn-Key project, and operating Energy Management Contract (EMC) projects.
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Catalyst Financial Resources gives NF Energy 'buy' rating
SmallCap research group Catalyst Financial Resources LLC has initiated coverage of NF Energy Savings Corp (OTCBB: NFES) with a ‘buy' recommendation.
In a note, it said the provider of energy efficient flow control systems and wind cogeneration equipment is considered to be the third largest of China's firms contributing to the country's burgeoning demand for electric power.
Catalyst Research forecasts 2009 sales of US$27.7 million and US$0.15 EPS. 2010 sales are forecast to be US$40 million and US$0.25 EPS. The 2009 price target is US$2.50 based on 12x 2010 estimates or 2.5x revenue per share.
Other NF Energy news
- NF Energy Saving shares down as Q4 earnings slide
2011-03-25 - NF Energy signs contract with Fuxin HF Bio-energy for energy savings project in China
2010-09-15 - NF Energy expects to increase revenue by at least 33% in 2010
2010-04-21 - NF Energy expects to benefit from Chinese policies for energy
2010-04-14 - NF Energy expects 2009 earnings to soar 250% as revenues climb 28%
2010-02-26
