Welcome to Beacon Equity Research. Today is Saturday, 19 January 2008
 Home   Covered Companies   News and Commentary   TraderNotes   Our Team   Ratings   Contact Us   Charity   Affiliates  
   
Beacon Research Issues TraderNotes on BSRC, HOKU, JADE, FSLR, TMY for January 3, 2008

Today’s TraderNotes include: BioSolar, Inc., (OTCBB: BSRC), Hoku Scientific, Inc. (Nasdaq: HOKU), LJ International, Inc. (Nasdaq: JADE), First Solar, Inc. (Nasdaq: FSLR), Transmeridian Exploration Inc. (AMEX: TMY)

 

BioSolar, Inc. (BSRC) TraderNote - BSRC Boosted by Breakthrough in Bioplastic Materials Production for Cost-efficient Solar Cells

 

BioSolar, Inc. (BSRC) closed yesterday at 0.97, a positive change of 0.01 or an increase of 1.04% from the previous close of 0.96.  BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components.  Recently, the company has successfully completed a scale up production run of high quality bio-based plastic film intended for use as a backing sheet for photovoltaic cells.  The 55-inch-wide rolls of film exceed the industry maximum width requirement, with no scale up problems and are of very high quality.  In yesterday’s trading, BSRC traded a volume of 215,804 shares within the range of 0.95 – 0.98.  RSI indicator in yesterday’s daily chart reflects a reading in the positive zone at 75.29 with no clear signal of an overbought condition.  The fast 12-day EMA is trading above the 26-day slow EMA, the former at 0.084 and the latter at 0.070, indicating a near-term bullish signal.

 

Hoku Scientific, Inc. (HOKU) TraderNote – HOKU Amended Its Supply Agreement with Sanyo

 

Hoku Scientific, Inc. (HOKU) closed yesterday at 12.50, a positive change of 1.08 or an increase of 9.47% from the previous close of 11.40.  Hoku Scientific, Inc., a materials science company, provides materials and components for the generation of electricity from clean energy technologies in the United States and internationally. It designs, develops, and manufactures membrane electrode assemblies (MEAs) and membranes for proton exchange membrane fuel cells, as well as develops custom monomers and polymers for MEAs. The company also develops photovoltaic (PV) modules for solar power systems; and polysilicon, a primary raw material used to manufacture PV modules. In December, Hoku Scientific signed an agreement to borrow up to $185 million from Merrill Lynch for setting up a polysilicon plant in Pocatello, Idaho, which facility is expected to produce about 2,500 metric tons of solar-grade polysilicon a year at full capacity.  Recently, Hoku Scientific amended its polysilicon supply agreement with Sanyo Electric Co. to extend the date for Hoku to complete the financing for its planned polysilicon plant.  Under the terms of the amendment, Hoku or Sanyo may terminate the supply agreement if Hoku has not secured financing for its polysilicon plant by February 15, 2008.  In yesterday’s trading, HOKU traded a volume of 3,943,998 shares within the range of 11.81 – 12.88.  The stock is in an almost neutral direction after a recent crossover between the %K and %D, with last readings at 59.24 and 58.76, respectively.  RSI is in the positive zone with a reading of 62.32%, curving towards the 70% level, but with no signal of an overbought condition.

 

LJ International, Inc. (JADE) TraderNote – JADE Announced $1.83M Income for the First Six Months of 2007

 

LJ International, Inc. (JADE) closed yesterday at 5.45, a slight negative change of 0.27 or a decrease of 4.72% from the previous close of 5.72.  Share prices rose 64.8% last Monday on announcement of the results for the first six months of 2007 after Friday’s closing.  LJ International posted income of $1.83 million, or 8 cents a share, up from $950,000, or 5 cents a share, in the first six months of 2006.  LJ International, Inc. and its subsidiaries engage in the design, manufacture, marketing, distribution, and retail of precious and color gemstones, as well as diamond jewelry. It specializes in offering colored jewelry, which includes pieces set in yellow gold, white gold, platinum, or sterling silver; and adorned with colored stones, diamonds, pearls, and precious stones. The company's product line includes earrings, necklaces, pendants, rings, and bracelets. It distributes its products to fine jewelers, department stores, national jewelry chains, and electronic and specialty retailers in North America and Western Europe.  In yesterday’s trading, JADE traded a volume of 1,981,339 shares within the range of 5.29 – 5.85.  A pullback in yesterday’s daily chart was reflected after a sharp breakout last Monday registered creating a wide technical gap from Friday’s close at 3.47 and Monday’s open at 6.53, creating a strong bullish signal or upward trend reversal.  RSI was in the positive zone of 63.46% yesterday, far from an exhausted condition; while 12-day EMA is at 0.304, trading above the 26-day EMA at 0.180, indicating a near-term bullish signal.

 

First Solar Inc. (FSLR) TraderNote – FSLR Strengthened by Tight Global Supply of Silicon

 

First Solar, Inc. (FSLR) heavily traded yesterday with a volume of 4,111,834 shares within the range of 260.50 – 272.7899.  First Solar, Inc. and its subsidiaries engage in the design, manufacture, and sale of solar electric power modules. The solar module is a polycrystalline thin film structure that employs cadmium telluride semiconductor material to convert sunlight into electricity. The company sells its products to solar project developers and system integrators primarily in Germany.  The company makes "thin-film" solar panels that can be used as an alternative to silicon-based solar panels, which have become more difficult to manufacture because of a tight global supply of silicon.  For 2007, FSLR posted the largest gain of any small- or midcap company, soaring almost ninefold to $267.14 a share.  In yesterday’s trading, FSLR closed at 266.39, a positive change of 0.56 or an increase of 0.21% from the previous close of 267.14.  In the MACD chart, a recent crossover in the 12-day and 26-day EMA can be noticed with the former presently at 17.331 trading below the latter at 17.796, indicating a slight bearish signal.  Slow Stochastics indicator reflected readings of %K at 70.11 and %D at 77.29, curving downwards crossing the 80% level, indicating an overbought condition or selling signal. 

 

Transmeridian Exploration, Inc. (TMY) TraderNote – TMY Enters Merger Agreement with Its CEO’s Trans Meridian International Inc.

 

Transmeridian Exploration, Inc. (TMY) closed yesterday at 2.02, a positive change of 0.05 or an increase of 2.54% from the previous close of 1.97.  Transmeridian Exploration Incorporated engages in the acquisition, development, and production of oil and natural gas primarily in Kazakhstan and southern Russia.  Its principal oil and gas property is the South Alibek Field in the Republic of Kazakhstan, with a license covering an area of approximately 14,111 acres. As of December 31, 2006, the company's net proved reserves were 67,189,186 barrels of oil.  Share prices of TMY shoot up to a high of 2.43 as the company announced last December 31 that it agreed to be acquired by its chief executive's Trans Meridian International Inc. in a deal that values the energy company at $350 million.  Under the merger agreement, Trans Meridian International will commence a tender offer to buy all shares outstanding of Houston-based Transmeridian for $3 a share.  In yesterday’s trading, TMY traded a volume of 2,821,161 shares within the range of 1.94 – 2.22, following a break-out last Dec. 31 after the merger agreement announcement.  A pullback in prices was reflected in yesterday’s daily chart after a sharp breakout in price was registered last Monday creating a technical gap between Friday’s close at 1.40 and Monday’s open at 2.39, indicating a strong bullish signal or upward trend reversal. 

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of BioSolar (BSRC).  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of fifteen thousand dollars and one hundred thousand restricted rule 144 shs directly from the company for enrollment of BSRC in this research program and other marketing services.  This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Comments (0)

Write comment
smaller | bigger


Write the displayed characters


 
< Prev   Next >

 
Copyright 2007 Beacon Equity Research