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News Breaks | | | | January 11, 2013 | | 10:22 EDT |  | ZOLT, VWDRY | Zoltek jumps after Vestas gets approval for credit facilities
Shares of Zoltek (ZOLT), which develops, manufactures and markets carbon fibers, are higher in morning trading, following an overseas advance in the stock of one of its major customers, Vestas Wind Systems (VWDRY). Vestas shares trading on the Nasdaq OMX Copenhagen exchange rose as much as 9.4% today, according to Bloomberg, which attributed the move up to China’s plans to boost wind energy, which may raise prices, along with creditors approval of the turbine maker’s lending facilities. In its 10-K filing from November, Zoltek stated that in its fiscal 2012, the company reported net sales of $86.6M to Vestas Wind Systems, which represented 46.5% of Zoltek's net sales. In early morning trading, shares of Zoltek advanced 26c, or 3.23% to $8.32. Reference Link | |
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News For ZOLT;VWDRY From The Last 14 Days Check below for free stories on ZOLT;VWDRY the last two weeks. |
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| May 14, 2013 | | 05:23 EDT |  | VWDRY | Vestas Wind upgraded to Overweight from Neutral at HSBC
| | | May 13, 2013 | | 05:37 EDT | | VWDRY | Vestas Wind upgraded to Neutral from Underperform at Credit Suisse
| | | May 10, 2013 | | 17:05 EDT |  | ZOLT | Zoltek reports Q2 net revenue $33.3M, consensus $37.5M
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