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Stock Market & Financial Investment News

News Breaks
November 29, 2012
08:12 EDTPMFGPMFG, Inc. risk/reward ratio very attractive, says Stifel Nicolaus
After meeting with PMFG's CEO, Stifel Nicolaus is more cautious about the company's near-term outlook due to political and regulatory uncertainty in the U.S.. The firm ,however, sees several positive long-term catalysts for the company and has increase confidence in its growth outlook in FY14 and beyond. The firm maintains a Buy rating.
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July 28, 2014
07:40 EDTPMFGPMFG, Inc. awarded $4.5M SCR systems order
PMFG, Inc. announced that it has been awarded a contract for multiple SCR systems to be installed on new fired heaters that are part of an olefins plant in Texas. The value of the award exceeds $4.5M. The project is scheduled for completion by late summer 2015. The two key olefins that are commonly produced are ethylene and propylene, which form the backbone of the petrochemicals market. Propylene, in particular, serves as the base for a number of products including plastics, automotive parts and synthetic fibers for clothing. Rising production of propane from U.S. shale formations are having a positive impact on the supply of propylene.

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