It opened this morning even better, jumping over $13 .... before giving it all away today.
An incredibly volatile stock and on many levels I feel bad for longs in this stock as I've been in their shoes many times - I don't know what the market wants with this one. Too hot for my tastes - any stock that can do all this in one day is not in strong hands of any type. If you have the stomach for it, it's fallen to key support, so with a tight stop you can play from here. On many levels I'm tempted, but I'm also tempted to keep my Antacid usage at a minimum.
- For the quarter, the company reported revenue of $314 million and profits of 40 cents a share, well ahead of the consensus at $264.7 million and 23 cents.
- For Q4, PWER sees revenue of $340 million to $360 million; the Street has been projecting $298 million.