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Fly News Breaks for May 13, 2015
CWCO
May 13, 2015 | 08:40 EDT
After Consolidated Water reported lower than expected Q1 revenue and EPS, Roth Capital says the miss was partly due to a charge, and lower power costs which do not affect the company's gross profitability. Roth says that the company's gross profit rose, while its EPS, excluding the charge, beat the firm's forecast. The firm remains upbeat on the company's WAC project and keeps a $15 price target and Buy rating.
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