Wind stock, CITY WINDMILLS (CYW.F) (CYW.DE) gained 0.001 (0.25%) to $0.401. The Company announced that Silvia Quandt & Cie, a leading German investment banking and brokerage firm has initiated research coverage of City Windmills with a BUY recommendation.
Silvia Quandt & Cie, one of the most reputable German brokerage firms specializing in the fields of cleantech and new energies, has initiated coverage of the company. Silvia Quandt & Cie issued an internal note to its customers and a full research note on September 6th, 2011. This published 20-page research report has conducted an in-depth analysis of the business perspectives of City Windmills and comes to the conclusion that the company's share price is currently undervalued and could appreciate up to their 1.25 euros per share target price.
Manz Automation AG (ETR: M5Z) jumped 0.98 (4.02%) to $25.25. Manz Automation AG announced that the Company still expects to achieve its targeted revenue volume of between EUR 240 million and EUR 250 million for fiscal year 2011. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 249.64 million for fiscal year 2011.
OMRON Corporation (TYO: 6645) rose 73.00 (4.76%) to $1607.00. Recently, the company said that it will buy all the shares in Shanghai Best Electric Appliance Manufacturing Co. from its founders for an estimated "a few billion yen," the Nikkei reported, without saying where it got the information.
Solar stock, Phoenix Solar AG (ETR: PS4) gained 1% to $9.63 after it announced a number of orders from Phoenix Solar Sal, the Company's Italian subsidiary, in the Components & Systems segment. In addition, Phoenix Solar Srl has been commissioned to build a rooftop solar power plant with a peak power of 227 kilowatts.
PVA TePla AG (ETR: TPE) shares added 0.11 (3.09%) at $3.50.
Roth & Rau AG (ETR: R8R) added 0.01 (0.05%) to close at $22.00.
Showcase Cleantech Frankfurt Wind Stock- City Windmills:
Visit the profile for City Windmills, Ltd. (CYW.F) (CYW.DE)
Sean Kelly, Chief Financial Officer
City Wind Mills, Ltd.
+41 22 310 8603
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