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ZOLT is trading at a market cap of around $458 million. |
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Released on Friday, February 3, 2012, 2:40 PM ET
Pittsburgh, PA (SpeculatingStocks) - Zoltek (NASDAQ:ZOLT), a maker of carbon fibers for commercial uses, just reported revenue of $47 million and a profit of $9.7 million for Q1. This is compared to $32.9 million in revenue and a loss of $1.6 million in the same quarter last year.
ZOLT has around 27.4 million shares outstanding and over 5 million of their shares were short as of recently. Probably a lot less are short now with the stock popping close to $4.00 to over $13.00.
ZOLT commented that they benefited from several factors that lead to the increase in their top and bottom line. Beneficial factors included a more profitable product mix, higher utilization of our production capacity, better operational performance, lower raw material costs and the decline in the values of the Hungarian Forint and Mexican Peso.
This company's future potential is strong due to the potential of wind energy. ZOLT supplies carbon fibers used in the most advanced wind turbines. Wind energy is a clean, green energy with energy generation expected to increase upwards of 25% annually for the next decade or so.
ZOLT is trading at a market cap of around $458 million.
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