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Highest Beta in the Heavy Electrical Equipment Industry Detected in Shares of Active Power (ACPW, ABB, CPST, AZZ, GLPW)
Feb 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Heavy Electrical Equipment industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Active Power ranks highest with a a beta of 1.5. Following is ABB with a a beta of 1.3. Capstone Turbine ranks third highest with a a beta of 1.2.
AZZ Inc follows with a a beta of 1.2, and Global Power Equipment Group rounds out the top five with a a beta of 1.1.
SmarTrend recommended that subscribers consider buying shares of AZZ Inc on April 30th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $25.77. Since that recommendation, shares of AZZ Inc have risen 73.8%. We continue to monitor AZZ Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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