STOCKS TELEGRAPH

Tag: HOLI

  • Why Hollysys Automation Technologies Ltd. (HOLI) faced headwinds after the long weekend?

    Hollysys Automation Technologies Ltd. (HOLI) shares lost 0.21% in after-hours on Tuesday, July 6, 2021, and closed the day at $14.50 per share. Earlier in the morning session of Tuesday, HOLI’s stock lost 3.33% to close Tuesday’s session at $14.53. HOLI shares have risen 5.83% over the last 12 months, and they have moved up 2.25% in the past week. Over the past three months, the stock has gained 16.52%, while over the past six months, it has shed 1.82%.

    Let’s see is there any recent news that triggered its loss?

    Recent business update

    On July 6, 2021, Hollysys Automation Technologies Ltd announced its business update and revised financial outlook.

    The revised financial outlook for FY 2021

    • The company is expecting revenue in the range of approximately $560 million to $595 million in FY2021.
    • The industrial automation business of the company is expected to increase by 30% year-over-year.

    Business update

    • The Company won a 2*660MW integration contract with a power company in Q4 2021.
    • Hollysys will provide DCS, Safety Instrumented System (SIS), Gas Detection System (GDS), Fusion Digital Simulation (FDS), Asset Management System (AMS), OTS, Manufacturing Execution System (MES), fire and gas probes, and low-temperature detection instruments in a benchmark project of a core state-owned backbone enterprise in the petrochemical segment.
    • The Company signed a procurement contract for smart I/O system upgrade a new material workshop in Shandong, in terms of new product promotion.
    • The Company signed the first outdoor monitoring and intelligent diagnosis engineering system for track circuits, in the high-speed rail business in Q4 2021.

    Commencing of solicitation of consents from shareholders of Hollysys Automation Technologies Ltd

    On June 29, 2021, the buyer consortium consisting of CPE Funds Management Limited, Mr. Shao Baiqing, and Ace Lead Profits Limited commenced a solicitation of consents from shareholders of Hollysys Automation Technologies Ltdregarding the Consortium’s proposed acquisition of the Company.

    Hollysys Response to the consent solicitation

    On July 1, 2021, Hollysys Automation Technologies Ltd responded to the consent solicitation materials filed by CPE Funds Management, Ace Lead Profits, and an individual investor with the following statement.

    In a statement, the company said that the company has not authorized any third party to engage in negotiation with existing shareholders or potential investors relating to the shareholding structure of the Company and urged the shareholders not to respond to the consent solicitation material. The company further said that the company management is working to maximize long-term value creation.

    Recent financial results announcement

    OnMay 13, 2021, Hollysys Automation Technologies Ltd released its unaudited financial results for the third quarter and first nine months ended March 31, 2021.

    Q3 2021 financial highlights

    • Total revenues were $109.9 million for Q3 2021 compared to $80.77 million in Q1 2020.
    • In Q1 2021, the non-GAAP gross margin was at 37.5%, compared to 30.8% for Q1 2020.
    • Non-GAAP net income was $18.7 million, and Non-GAAP diluted EPS were at $0.31 in Q1 2021 compared to $13.9 million or $0.23 per share in Q1 2020.
    • As of March 31, 2021, cash and cash equivalents were $466.1 million compared to $356.9 million on December 31, 2020.

    Conclusion

    The HOLI poo performance on Tuesday is a bit strange.it may or may not be linked with its recently revised financial outlook for FY 2021 but the company provided an improved outlook for FY 2021 which should result in gains for HOLI stock but it worked another way around.  We hope that HOLI will recover its loss in the coming days.

  • Hollysys Automation Technologies Ltd. (HOLI) stock surged in the premarket trading session; why did this happen?

    Hollysys Automation Technologies Ltd. (HOLI) stock surged in the premarket trading session; why did this happen?

    In the premarket trading session, Hollysys Automation Technologies Ltd. (HOLI) stock had ramped up in the last trading session at a trade price of $16.19 which led to an increase of 13.93%. HOLI stock had previously closed the session at $14.21which was a gain of0.35% on Tuesday. The HOLI stock volume traded 0.13 million shares and in the past 50 days, the average trade volume has been 0.53 million. In the past year up to date, HOLI stock have risen by 7.81% and in the past week, HOLI stock jumped up by 2.45%.

    What you need to know about HollysysAutomationTechnologies Ltd.

    Hollysys Automation Technologies Ltd. is an electrical equipment and parts company that specifically focuses on the provision of automation solutions. The company has set up its operations in the People’s Republic of China, India, Southeast Asia, and the Middle East. The company has a portfolio of numerous industrial automation systems which are hardware centric products, actuators, software related logic control systems that are customizable and programmable. Hollysys Automation also provides software packages that comprise of real time management info system. These automation systems range from batch application package and operator training system to expansive proprietary nuclear power non-safety automation and control system. The company has clientele base of multiple industries which include railway, nuclear power, electronic, mechanical, and subway industries. The company was previously known as HLS Systems International Ltd until july 2009. Hollysys Automation was originated in 1993 and is based in Beijing, China.

    Considered acquisition by Buyer Consortium for outstanding shares at price of $17.10 per share

    The Buyer Consortium has planned and proposed to acquire Hollysys Automation Corporation Inc. The consortium consists of Mr. Shao Baiqing, Ace lead Profits Limited and CPE Funds Management Limited. The consortium has planned to provide shareholder who are large beneficial owners with a letter and a WHITE consent card. This is being transferred to the shareholders through banks and brokers. Furthermore, the consortium is showing guidance to shareholders who are registered on how to provide consent for the acquisition on the dedicated website.

    The details of the proposal suggest to the shareholders in the letter that the consortium wishes to gain all of the common outstanding and ordinary shares of the Hollysys Automation other than the ones already purchase by the consortium for the price of $17.10 per share. The amount will be transferred in cash. This offer resides a 37% premium on the share price as compared to 4th December 2020’s closing price.To proceed with the acquisition, the shareholders of the company, at least having 50% and more ownership will have to agree for this acquisition. This acquisition will then be mediated through BVI Business Companies Act 2004 which can override board’s power to invoke rights pursuant to HOLI stock’s existing “poison pill” for the acquired proposition.

  • Now Is A Good Time To Look At These 20 Stocks In Electrical Equipment Industry

    Now Is A Good Time To Look At These 20 Stocks In Electrical Equipment Industry

    Electrical Equipment Industry is best known for its unique services for a diverse customer base. The demand for electrical equipment and parts is continuously increasing in the past few years. Equipment companies usually served the mature markets. The Electrical Equipment industry is considered to be the faster-growing industry in the world because of the increasing demands of electrical components.

    If we look at the past years this industry has not experienced the major changes but with the passage of time and with the emergence of new technologies this industry is evolving. Like every industry electrical equipment and parts, the industry is also striving to provide the best-in-class services and frictionless experience to its customer.

    Here are the top 20 leading companies in the electrical equipment and parts industry that need your attention:

    Advanced Energy Industries Inc. (NASDAQ: AEIS)

    Advanced Energy Industries Inc. (NASDAQ: AEIS) shares were trading up 1.99% at $67.07 at the time of writing on Wednesday. Advanced Energy Industries Inc. (NASDAQ: AEIS) share price went from a low point around $33.38 to briefly over $82.26 in the past 52 weeks, though shares have since pulled back to $67.07. AEIS market cap has remained high, hitting $2.67B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Advanced Energy Industries Inc. has revealed that it has appointed Anne DelSanto and Lanesha Minnix to its Board of Directors. If we look at the recent analyst rating AEIS, Rosenblatt initiated coverage on AEIS shares with a Buy rating and an $84.50 price target, which implies room for 17.43% upside momentum this year.

    Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC)

    Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) last closed at $1.79, in a 52-week range of $0.89 to $2.69. Asia Pacific Wire & Cable Corporation Limited (APWC) has earlier held the 2020 Annual General Meeting on September 18, 2020. The Company has acquired a US$6,000,000 secured loan from its majority shareholder, Pacific Electric Wire & Cable Co., Ltd. (PEWC).  APWC market cap has remained high, hitting $24.58 Million at the time of writing.

    Acuity Brands Inc. (NYSE: AYI)

    Acuity Brands Inc. (NYSE: AYI) stock soar by 3.25% to $113.26. The most recent rating by UBS, on September 16, 2020, is at a Sell. The Board of Directors of Acuity Brands, Inc. earlier revealed a quarterly dividend of 13 cents per share. The dividend is payable on November 2, 2020, to shareholders of record on October 19, 2020. Acuity Brands Inc. (AYI) market capitalization has remained high, hitting $4.36 billion at the time of writing.

    AZZ Inc. (NYSE: AZZ)

    AZZ Inc. (NYSE: AZZ) shares headed rising, higher as much as 0.31%. The most recent rating by Sidoti, on October 29, 2018, is at a Buy. AZZ Inc. (AZZ) is scheduled to host a conference call to review the financial results for the second quarter fiscal year 2021 on October 13, 2020. The Company will issue a press release reporting the second-quarter fiscal year 2021 financial results before the market opens on October 13, 2020.

    Bloom Energy Corporation (NYSE: BE)

    Bloom Energy Corporation (NYSE: BE) last closed at $21.63, in a 52-week range of $2.44 to $20.71. Analysts have a consensus price target of $16.00. Bloom Energy Corporation (BE) is scheduled to host an investor conference call and question and answer session on October 8, 2020. It has moved up 786.48% and 4.44% from its 52-weeks low and 52-weeks high, respectively. Looking at its liquidity, it has a current ratio of 1.50 billion at the time of writing.

    Badger Meter Inc. (NYSE: BMI)

    Badger Meter Inc. (NYSE: BMI) stock soar by 0.48% to $68.52. The most recent rating by Argus, on June 30, 2020, is at a Buy. Badger Meter Inc. (BMI) announced it will issue its third-quarter 2020 earnings release before the market opens on Friday, October 16, 2020. After the release, Badger Meter is scheduled to hold its third-quarter earnings conference call at 10:00 am CT.

    CBAK Energy Technology Inc. (NASDAQ: CBAT)

    CBAK Energy Technology Inc. (NASDAQ: CBAT) Shares headed rising, higher as much as 4.15%. CBAK Energy Technology Inc. (CBAT) has announced that its product release of 32140 large-sized cylindrical tabless batteries has officially passed its technical and Pilot Plant tests which demonstrated its success in product research of this model.

    DPW Holdings Inc. (AMEX: DPW)

    DPW Holdings Inc. (AMEX: DPW) rose 18.06% after gaining more than $0.39 on Wednesday. DPW Holdings Announces Registration Is Closing for Its Second Annual Investor Day Conference and Webcast Scheduled for Thursday, October 8, 2020.

    GrafTech International Ltd. (NYSE: EAF)

    GrafTech International Ltd. (NYSE: EAF) last closed at $7.39, in a 52-week range of $5.56 to $14.84. Analysts have a consensus price target of $8.90. GrafTech International Ltd. (EAF) is scheduled to host its Third Quarter 2020 Conference Call and Webcast on Tuesday, November 3, 2020, at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the quarter ended September 30, 2020, and current business initiatives.

    Energizer Holdings Inc. (NYSE: ENR)

    Energizer Holdings Inc. (NYSE: ENR) stock drop by -1.60% to $40.49. The most recent rating by Morgan Stanley, on May 18, 2020, is at an Overweight. Energizer Holdings Inc. (ENR) will report results for its Fourth Quarter Fiscal 2020 before the market opens on November 12, 2020. It has announced the successful completion of its earlier announced private offering of $800 million in aggregate principal amount of 4.375% senior notes due 2029 in a private offering, subject to market and other customary conditions.

    Espey Mfg. & Electronics Corp. (AMEX: ESP)

    Espey Mfg. & Electronics Corp. (AMEX: ESP) rose 2.62% after gaining more than $0.47 on Wednesday. Espey Mfg. & Electronics Corp. (ESP) has earlier announced the results for its fourth quarter and fiscal year, ended June 30, 2020.  The Company reported net sales of $31,526,231 compared with $36,477,851 for the fiscal year ended June 30, 2019.

    Flux Power Holdings Inc. (NASDAQ: FLUX)

    Flux Power Holdings Inc. (NASDAQ: FLUX) stock soar by 10.68% to $8.60. Flux Power Holdings Inc. (FLUX) has earlier reported financial results for its fourth quarter (Q4’20) and fiscal year (FY‘20) ended June 30, 2020. Its Q4’20 revenue grew 107% to $6.3M compared to Q4’19 revenue of $3.0M.

    Hollysys Automation Technologies Ltd. (NASDAQ: HOLI)

    Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) shares headed rising, higher as much as 0.96%. The most recent rating by Goldman, on November 04, 2019, is at a Buy. Hollysys Automation Technologies Ltd. (HOLI) has announced that the Board of Directors of the Company has declared an annual cash dividend of $0.2 per ordinary share for the fiscal year 2020, implying a 15% payout ratio.

    Lightbridge Corporation (NASDAQ: LTBR)

    Lightbridge Corporation (NASDAQ: LTBR) stock drop by -11.55% to $3.37. Lightbridge Corporation (LTBR) revealed earlier that President and CEO Seth Grae will join the Atlantic Council’s EnergySource Innovation Stream online series as the featured guest on Thursday, September 17.

    nVent Electric plc (NYSE: NVT)

    nVent Electric plc (NYSE: NVT) Shares headed rising, higher as much as 1.35%. The most recent rating by Wolfe Research, on September 15, 2020, is at a Peer perform. nVent Electric plc (NVT) earlier disclosed today that it will pay a regular quarterly cash dividend of $0.175 per share on November 6, 2020, to shareholders of record at the close of business on October 23, 2020.

    FuelCell Energy Inc. (NASDAQ: FCEL)

    FuelCell Energy Inc. (NASDAQ: FCEL) last closed at $2.16, in a 52-week range of $0.23 to $3.50. FuelCell Energy Successfully Raises Capital to Advance Business Goals. Analysts have a consensus price target of $2.50. FuelCell Energy Inc. (FCEL) market capitalization has remained high, hitting $635.17 Million at the time of writing.

    Belden Inc. (NYSE: BDC)

    Belden Inc. (NYSE: BDC) rose 2.19% after gaining more than $0.72 on Wednesday. Belden Inc. (BDC) share has fluctuated between the 52-weeks low range of $25.54 and a high range of $56.94. It has moved up 31.60% and moved down -40.97% from its 52-weeks low and 52-weeks high. Looking at its liquidity, it has a current ratio of 2.20.

    EnerSys (NYSE: ENS)

    EnerSys (NYSE: ENS) shares headed rising, higher as much as 2.82%. The most recent rating by BTIG Research, on June 16, 2020, is at a Neutral. EnerSys (ENS) share price went from a low point around $35.21 to briefly over $80.22 in the past 52 weeks, though shares have since pulled back to $72.52. ENS market cap has remained high, hitting $3.06 billion at the time of writing.

    Hubbell Incorporated (NYSE: HUBB)

    Hubbell Incorporated (NYSE: HUBB) rose 1.45% after gaining more than $2.02 on Wednesday. Hubbell Incorporated (HUBB) share has fluctuated between the 52-weeks low range of $85.62 and a high range of $155.00. It has moved up 64.97% and moved down -8.87% from its 52-weeks low and 52-weeks high. Looking at its liquidity, it has a current ratio of 2.00.

    Kimball Electronics Inc. (NASDAQ: KE)

    Kimball Electronics Inc. (NASDAQ: KE) last closed at $12.32, in a 52-week range of $9.78 to $18.49. Analysts have a consensus price target of $17.00. Kimball Electronics Inc. (KE) has moved up 25.97% from its 52-weeks low and moved down -33.37% from its 52-weeks high. It has a market capitalization of $313.30 million at the time of writing.