Pritchard Capital's Morning Intelligence (ELON, FWLT, GDP, MHR, PRIM)
Pritchard Capital is out with its Morning Intelligence report, and in the report it covers Echelon Corporation (NASDAQ: ELON), Foster Wheeler (NASDAQ: FWLT), Goodrich Petroleum Corporation (NYSE: GDP), Magnum Hunter Resources Corporation (AMEX: MHR), and Primoris Services Corp (NASDAQ: PRIM).
Magnum Hunter Resources Corporation was able to secure partners for its Marcellus Shale stake.
Pritchard has some highlights on Goodrich Petroleum, as
the mid-October operations update should include several eagerly anticipated well results.
Foster Wheeler announced tech. license agreement for wall-fired subcritical and supercritical pulverized-coal (PC) steam generators with Saraswati Industrial Syndicate, Ltd.
Pritchard revised the EPS estimates on PRIM due to the revision to share dilution.
Pritchard sees the Indiana plant settlement a modest positive for Echelon, as it reduces their concern of regulatory push-back on smart meter deployment.
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