ADA-ES shares up 6% as Q4 results top views


ADA-ES (NASDAQ:ADES), a provider of clean coal technology, saw its shares rise 6% on Friday afternoon as the company’s fourth quarter results beat analyst estimates by a wide margin.

Excluding roughly $11.3 million in one-time costs, ADA-ES would have earned $4.1 million, or 55 cents per diluted share in the fourth quarter ending December 31, far surpassing the 79 cent per share loss predicted by analysts.

The Colorado-based company reported a net loss of $3.1 million, or 42 cents per diluted share, compared to a net loss of $1.3 million, or 18 cents per diluted share, for the year-ago period.

Meanwhile, revenues for the quarter increased 36% year-over-year to $9 million, again beating the $6.4 million expected by analysts.

For the full fiscal 2010, the company reported a loss of $15.5 million, or $2.09 per diluted share, compared to a loss of $8.8 million, or $1.26 per diluted share, for the year-ago period.  Revenues were $22.3 million, up from $20 million.

Looking forward, the company sees expanding opportunities due to recent policy initiatives from the U.S. Environmental Protection Agency (EPA).  The agency recently announced new standards to implement lower electricity-generating units and smaller coal-fired boilers in an effort to reduce emissions of mercury and other pollutants.

ADA-ES said today it is well positioned to take advantage of new market opportunities created by the new standards, and also expects better results in 2011 due to reduced legal costs.

The company's shares increased by $1.13 to trade at $19.29 as of 1:09 pm EST. Its share price has more than doubled in the past year.

Quick facts: ADA-ES

Price: 12.61 USD

Market: NASDAQ
Market Cap: $234.03 m

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