Shares of NF Energy Saving, Corp. (NASDAQ:NFEC) Blast Off as Company Attends International Fluid Machinery Exhibition

Leading energy saving service solutions provider for China, NF Energy Saving, Corp. (NASDAQ:NFEC), announced that it has attended the International Fluid Machinery Exhibition to promote its products.

SHENYANG, China, Nov. 16, 2016 /PRNewswire/ — NF Energy Saving Corporation (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 the Company recently attended “International Fluid Machinery Exhibition (IFME) ” held by China General Machinery Industry Association (CGMIA) in Shanghai in order to promote the Company’s products.

CGMIA is the only industrial organization relating to fluid machinery in China and more than 2,000 companies have registered with this organization. NF Energy actively joins many activities held by this organization as an important member.

Mr. Gang Li, Chairman and CEO of NF Energy, said, “As the most cosmopolitan city in China, Shanghai attracts a lot of well-known multinational companies to set up their Chinese headquarters and agencies here to expand their market in many provinces, such as Jiangsu, Zhejiang and Shandong etc. We expect to seek channels to boost the comprehensive cooperation and technical communication with other companies in order to expand our market in this region as well as show the Company’s image and understanding of the related industrial information.”

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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The statements contained herein that are not historical facts are considered “forward-looking statements.” Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

Original Source

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Shares of NF Energy Saving, Corp. (NASDAQ:NFEC) are actively moving +30.12% thus far today on the news and have traded in the range of $0.81 – 1.36 during the session.  A number of research firms have recently weighed in on the stock, providing future price targets. The covering firms currently have a consensus one-year price target of $12.50 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  This is the average number from the individual targets provided by the firms.  Analysts are projecting earnings per share of $0.00 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $1.03 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading +2.32% away from its 50-day moving average of $1.06.  Based on the most recent available data, the equity is -50.68% off of its 52-week high of $2.19 and +107.29% away from its 52-week low which is $0.52.

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Today, the stock opened at $0.81 and the last bid at the time of writing stood at $1.08.  During the session thus far, the equity dipped down to $0.81 and touched $1.36 as the high point.  NF Energy Saving, Corp. (NASDAQ:NFEC) has a market cap of $7.08M and has seen an average daily volume of 73,475 over the past three months.

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