Breaking Finance News

RUMOR ROUNDUP- NF Energy is up More than 100 Percent- Why? (NFEC)

2489526032_1c972d0547_bShares of NF Energy Saving Corp. (NASDAQ: NFEC) are up more than 100 percent in early trading. This is another in a recent string of micocap China-based companies that have seen outsized moves of late. The company announced its three and six month earnings on August 14 around 10:30 EDT but the stock saw very little movement until Friday. The reason for the delayed response is unclear. (Or if its a delayed response at all.)

There’s no verifiable news but as always, social media is full of traders who are watching and trading around the story. If you have any information on the stock, leave it in the comments below and we’ll update the story. If you wrote about it, post your link below.

 

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Company Profile:

NF Energy Saving Corporation, through its subsidiaries, engages in the production of heavy industrial components and products in the People’s Republic of China. It operates through two segments, Heavy Manufacturing Business and Energy-saving Related Business. The company manufactures flow control systems and industrial valve components for use in thermal and nuclear power generation plants, and national and regional water supply projects, as well as municipal water, gas, and heat supply pipeline networks; and offers valve improvement and engineering services. It also produces wind-energy equipment; and provides technical services and re-engineering project services, including energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks, and contractual energy management services for electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure industries. The company was formerly known as Energy Saving Corporation of America and changed its name to NF Energy Saving Corporation in August 2009. NF Energy Saving Corporation is based in Shenyang, the People’s Republic of China. (from Yahoo! Finance)

[stock-tools exchange="NASDAQ" symbol="NFEC" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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