THT Heat Transfer Technology, Inc. (NASDAQ:THTI), a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, announced its unaudited financial results for the first quarter ended March 31, 2014. Sales revenue for the first quarter of 2014 was US$8.3 million, a 4.8% increase from US$7.9 million during the same period of 2013. The increase was primarily attributable to higher sales revenue from heat exchange units and shell-and-tube heat exchangers. Sales volume of heat exchange products totaled 496 units in the first quarter of 2014, an increase of 113 units from 383 units in the same period of 2013. The increase was due to the increased demand of our products in consequence of more projects and economy recovery of China in the first quarter of 2014 compared with previous years.THT Heat Transfer Technology Inc (NASDAQ:THTI) weekly performance is 3.79%. On last trading day company shares ended up $1.37. Analysts mean target price for the company is $7.00. THT Heat Transfer Technology Inc (NASDAQ:THTI) distance from 50-day simple moving average (SMA50) is 1.27%.
On May 12, Tecumseh Products Company (NASDAQ:TECU) a leading global manufacturer of compressors and related products, reported an operating loss of $5.8 million and a net loss of $11.1 million, or a net loss per share of $0.60, on net sales of $179.3 million for the quarter ended March 31, 2014. This compares with an operating loss of $5.4 million and a net loss of $8.4 million, or $0.45 per share, on net sales of $207.6 million for the first quarter of 2013. Net sales in the first quarter of 2014 decreased by $28.3 million, or 13.6%, compared with the same period of 2013. Excluding the decrease in sales due to the effect of changes in foreign currency translation of $7.8 million, net sales decreased by 9.9% from the first quarter of 2013, primarily due to lower net volume and unfavorable change in sales mix, partially offset by net price increases. Tecumseh Products Company (NASDAQ:TECU) shares fell -4.92% in last trading session and ended the day on $ 5.22. Gross Margin is 9.50% and its return on assets is -7.30%. Tecumseh Products Company (NASDAQ:TECU) quarterly performance is -29.74%.
General Electric Company (NYSE:GE) seeking approval from France’s government for its $17 billion Alstom SA (ALO) energy bid, is in early-stage talks with nuclear-plant maker Areva SA (AREVA) and other French companies about asset sales or partnerships, people familiar with the matter said. GE is awaiting direction from the French government to see if it must sell assets to get the deal done, said the people, who asked not to be identified because details are private. GE is exploring concessions, including entering ventures in areas from nuclear power to wind-turbines to rail signaling, while it seeks clarification on what would appease the state, they said. General Electric Company (NYSE:GE) shares moved down -0.22% in last trading session and was closed at $26.61, while trading in range of $26.48 – $26.69. General Electric Company (NYSE:GE) year to date (YTD) performance is -4.25%.
PMFG (NASDAQ:PMFG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday,StockRatingsNetwork reports. They currently have a $4.60 price target on the stock. Zacks‘s price target indicates a potential upside of 4.07% from the company’s current price. PMFG Inc (NASDAQ:PMFG) ended the last trading day at $4.21. Company weekly volatility is calculated as 4.70% and price to cash ratio as 2.09. PMFG Inc (NASDAQ:PMFG) showed a negative weekly performance of -12.11%.
Next Generation Energy Corp. (OTCMKTS:NGMC) On last trading day company shares ended up $0.0250 .
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