China Ming Yang Wind Power Group Ltd (NYSE:MY) up by 9.72%, Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B)
Miami, FL 05/17/2013 (GDPInsider) – China Ming Yang Wind Power Group Ltd (NYSE:MY) on Thursday traded up by 9.72% to close at $0.0395, with total traded volumes of 0.209 million in comparison to its average volume of 0.633 million shares. The market capitalization of the company is $1.06 million at the current price levels. The stock traded below its 52-week high of $0.47 and is above its 52-week low of $0.03. China-based wind turbine manufacturer China Ming Yang Wind Power Group Ltd recorded a gross profit of $59.4 million for the full year 2012, despite a total comprehensive loss of $48.7 million. 2012 was claimed as a tough year for MY as well as the overall industry. Last year, the company sold around 894.5 megawatts worth of wind turbines for total $464.4 million revenue, representing 45.3% decrease from the turbines sold in 2011. China Ming Yang expects its first off-shore wind power project to begin construction by the second half of 2013 in order to mark its foray into the off-shore market.
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Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) on Thursday traded up by 10.86% to close at $4.49, with total traded volumes of 0.390 million in comparison to its average volume of 0.383 million shares. The market capitalization of the company is $1.08 billion at the current price levels. The stock traded below its 52-week high of $10.73 and is above its 52-week low of $3.44. Centrais Eletricas Brasileiras SA (Eletrobras) is a Brazil-based holding company operated 36 hydroelectric plants, 120 thermal plants, two nuclear power plants and four wind and solar farms. Latin America’s largest company in the electricity sector is a parent company of 12 subsidiaries. For the first quarter of 2013, Eletrobras recorded a decrease of 102.8% recording a net loss of R$ 36 million, compared to a net income of R$1,268 million in 1Q12.
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