Leading energy saving service solutions provider for China’s power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, NF Energy Saving, Corp. (NASDAQ:NFEC), has announced a business co-op with Flucon International Co. Ltd. as shares jump over 40%.
SHENYANG, China, Jan. 19, 2017 /PRNewswire/ — NF Energy Saving Corporation (NASDAQ:NFEC) (“NF Energy” or the Company), a leading energy saving service solutions provider for China’s power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced that recently Mr. Shiva, as the director of Indian Flucon International Co. Ltd., has visited the Company.
Gang Li, the Chairman of the Company, who talked with Mr. Shiva said, “as one of the largest companies devoted to the manufacturing of flow control equipment, NF Energy innovated many advanced flow control equipment in recent years, which led to set up its high reputation in the domestic market. Along with rapid development in China’s economy as well as ‘one belt and one road’ as the new economic policy issued by the Chinese government, this Chinese product is more popular in the world, especially in the developing countries, such as India. Meanwhile, energy saving and emission reduction will play a key role in the global which I believe will increase product demand in the flow control equipment, so it may provide additional opportunity for us”.
Mr. Shiva also visited the workshop in the Company’s industrial park and the Company’s technicians introduced the production line to him.
After his visit, Mr. Shiva said that he is interesting in the large scale butterfly and inlet valves and believes that the two companies could cooperate each other.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company’s customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.
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NF Energy Saving, Corp. (NASDAQ:NFEC) shares are trading +41.4319% on the news and in the range of $0.9500 – 1.5800 during the current trading session. When taking a look at which direction the stock might be headed, investors often look to brokerage analysts who cover the stock. Sell-side research firms on Wall Street currently have a consensus one-year price target of $12.5000 on the stock. This is according to brokerage analysts polled by Thomson Reuters First Call.
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Sell-side analysts are projecting earnings per share of $0.0000 for the next fiscal quarter. For the current year, analysts are predicting earnings of $1.0300 per share according to First Call.
In looking at where the stock is trading on a technical level, the stock is trading +44.0767% away from its 50-day moving average of $0.8885. Based on the most recent available data, the equity is -41.5479% off of its 52-week high of $2.1900 and +145.7006% away from its 52-week low which is $0.5210.
Today, the stock opened at $0.9500 and the last bid at the time of writing stood at $1.2801. During the session thus far, the equity dipped down to $0.9500 and touched $1.5800 as the high point. NF Energy Saving, Corp. (NASDAQ:NFEC) has a market cap of $8.52M and has seen an average daily volume of 101,977 over the past three months.
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