China Recycling Energy Corp (CREG) financial news, and detailed stock charts
China Recycling Energy Corp (CREG/CREG.OB) Stock Summary:
China Recycling Energy Corporation provides energy saving and recycling products and services in the People's Republic of China. The company, through a joint-operation agreement with Xi'an Yingfeng Science and Technology Co., Ltd., engages in designing, selling, installing, and operating top gas recovery turbine systems (TRT) and other renewable energy products. It also markets CHPG, a power generation by recovering cement residual heat without additional fuel. The company was founded in 2004. It was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in 2007. China Recycling Energy Corporation is based in Shanghai, China.CHINA RECYCLING ENERGY CORP (CREG:OTC Bulletin Board Market)
Snapshot of CHINA RECYCLING ENERGY CORP (CREG)
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OPEN
$3.30
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PREVIOUS CLOSE
$3.25
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DAY HIGH
$3.90
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DAY LOW
$3.30
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52 WEEK HIGH
01/12/10 - $4.95
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52 WEEK LOW
03/18/09 - $0.22
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MARKET CAP
139.6M
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AVERAGE VOLUME 10 D
104.7K
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EPS TTM
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SHARES OUTSTANDING
38.8M
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CREG Does Not Pay Dividends
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P/E TTM
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Key developments for CHINA RECYCLING ENERGY CORP (CREG)
China Recycling Energy Corp. announced that the Board of Directors approved the increase in the size of the Board from six members to seven members and has appointed, Mr. Robert Chanson, as its seventh board member. Mr. Chanson was also appointed by the Board as a member of its Compensation Committee and as a member of its Corporate Governance and Nominating Committee. In connection with the appointment of Mr. Chanson to the Compensation Committee, Mr. Timothy Driscoll resigned his position as a member of the Compensation Committee and was appointed as a member of the Audit Committee. The seven-member board is now comprised of four independent members including Mr. Sean Shao, Mr. Julian Ha, Mr. Timothy Driscoll, and Mr. Robert Chanson. Mr. Guohua Ku, Chairman and CEO of CREG, commented, "On behalf of China Recycling Energy, the company emphatically welcome Mr. Chanson to the Board.
China Recycling Energy Corp. provides financial guidance for the fourth quarter of 2009. For the quarter, the company expects revenues to be in the range of $11-12 million, versus $12.3 million in the fourth quarter of 2008. Net income for the fourth quarter of 2009 is expected to be in the range of $2.5-3.0 million, or $0.05-0.06 per diluted share, an approximately 20% increase from the prior year's fourth quarter results of $2.3 million, or $0.04 per diluted share. For the year, revenues are expected to be in the range of $45-46 million, a more than 130% increase from full year 2008 results of $19.22 million. Full year 2009 net income is expected to be in the range of $10.5-11 million, or $0.22 to $0.23 diluted earnings per share, which is an approximately $13 million increase from full year 2008's net loss of $2.22 million, or $(0.07) diluted earnings per share. The Company had previously indicated it expected full year 2009 revenues in the range of $33 million to $36 million, with net income, excluding non- cash charges, of approximately $8 million. The company is expected to exceed its previous full year guidance by approximately $10 million or 30% in revenue and approximately $3 million or 37.5% in net income.
China Recycling Energy Corp. announced that they will report Q4, 2009 results on March 31, 2010.
China Recycling Energy Corp financial resources
CREG Competitors
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| No competitor information is available for CREG. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | CREG | Industry Range |
| Price/Earnings | 13.4x |
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| Price/Sales | 2.7x |
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| Price/Book | 2.9x |
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| Price/Cash Flow | 12.3x |
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| TEV/Sales | 2.3x |
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CREG |
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CREG transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About China Recycling Energy Corp
China Recycling Energy Corp. Announces the Appointment of a New Board Member and the Appointment of Independent Members of Compensation Committee, Corporate Governance and Nominating Committee and Audit Committee
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and E
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China Recycling Energy Corp. Announces Preliminary 4th Quarter and Full Year 2009 Results
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China Recycling Energy Corp. Announces the Completion of the 1st 9-MegaWatt Power Unit for Erdos' Project Phase I in December 2009
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China Recycling Energy Corp. Announces the Completion of Additional US $3.68 Million for Total of US$30.43 Million in Loan Capital Raised by Beijing Trust
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Other Events, Creation of a Direct Financial Obligation or an Obligat
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fina
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China Recycling Energy Corp. Raises US$26.75 Million in Loan Capital to Finance Erdos Power Generation Project
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Othe
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
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China Recycling Energy Corp. to Present at Brean Murray, Carret & Co. 2009 China Growth Conference
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China Recycling Energy Corp. Names Three Additional Independent Board Members Including Chairs of Audit Committee, Nominating Committee and Compensation Committee
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Change in Directors or Principal Officers
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China Recycling Energy Corp. to Present at Brean Murray, Carret & Co. 2009 China Growth Conference
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China Recycling Energy Corp. Schedules Third Quarter Conference Call
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China Recycling Energy Corp. Reports Record 3rd Quarter Results and Reached Full-year 2009 Guidance
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CHINA RECYCLING ENERGY CORP Files SEC form 10-Q, Quarterly Report
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CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Other Events
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