Penny Stock Alert: EMCORE Corp. EMKR

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Top Penny Stock Alert of 2011OCNF 4,035.42% – (May 27, 2010, $0.48 – July 26, 2011, $19.85)

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Having successfully launched their solar panels into space November 26, 2011 onboard the Mars Science Laboratory (MSL) spacecraft, EMCORE Corporation (NASDAQ: EMKR) is hoping their profits will also soar in the coming years. EMKR’s panels, delivered earlier this year under contract with NASA’s Jet Propulsion Laboratory (JPL) Center in Pasadena, CA, will power the Mars Science Laboratory (MSL) spacecraft during its cruise stage to Mars. The spacecraft is designed to carry the MSL rover “Curiosity” and communicate with the entry vehicle that will carry the rover to the surface of the planet.

EMKR is another one of the hard-hit solar energy companies in 2011 seeing their share price drop 61.54% in the last 6 months since they entered into a long-term supply agreement with Space Systems/Loral (SS/L) to manufacture and deliver high-efficiency, multi-junction solar cells for Space Systems/Loral’s commercial satellite programs.

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EMCORE Corp. (NASDAQ: EMKR) 6 Month Chart

EMKR is trading -4.81% below its 50 day moving average and -44.02% below its 200 day moving average. EMKR is -72.31% below its 52-week high of $3.25 and 9.76% above its 52-week low of $0.82. EMKR‘s PE ratio is N/A and its market cap is $83.68M.

Earnings for fiscal 4th Quarter and Year End results are due out after the stock market today. Earnings are expected to be $-0.03 per share.

Top Institutional Holders
Holder

Shares

% Out

Value*

Reported
KOPP INVESTMENT ADVISORS. INC.

9,255,337

9.95

9,162,783

Sep 30, 2011
EverKey Global Partners Ltd.

3,508,393

3.77

3,473,309

Sep 30, 2011
DIMENSIONAL FUND ADVISORS LP

2,248,216

2.42

2,225,733

Sep 30, 2011
KINGDON CAPITAL MANAGEMENT LLC

2,144,735

2.31

2,123,287

Sep 30, 2011
VANGUARD GROUP, INC. (THE)

1,967,760

2.12

1,948,082

Sep 30, 2011
BlackRock Fund Advisors

1,871,985

2.01

1,853,265

Sep 30, 2011
Credit Suisse/

1,863,217

2.00

1,844,584

Sep 30, 2011
BlackRock Institutional Trust Company, N.A.

1,241,068

1.33

1,228,657

Sep 30, 2011
STATE STREET CORPORATION

1,215,241

1.31

1,203,088

Sep 30, 2011
Invesco Ltd.

1,149,260

1.24

1,137,767

Sep 30, 2011
Breakdown
% of Shares Held by All Insider and 5% Owners:

9%

% of Shares Held by Institutional & Mutual Fund Owners:

24%

% of Float Held by Institutional & Mutual Fund Owners:

26%

Number of Institutions Holding Shares:

51

Major Direct Holders (Forms 3 & 4)
Holder

Shares

Reported
RUSSELL THOMAS

3,369,744

Mar 18, 2011
RICHARDS REUBEN F JR

741,273

Dec 9, 2011
HOU HONG Q

427,400

Dec 9, 2011
BOGOMOLNY ROBERT

232,765

Mar 18, 2011
LAROCCA CHRISTOPHER M

201,339

Dec 9, 2011

EMCORE is the world’s largest manufacturer of fully space qualified, highly efficient radiation-hard multi-junction solar cells for space power applications. With a solar-to-electric conversation efficiency of nearly 30%, EMCORE’s multi-junction solar cells offer superior performance at an affordable price when compared to competing technologies.

EMCORE Corporation (NASDAQ: EMKR) provides compound semiconductor-based products for the broadband, fiber optics, space, and solar power markets. EMKR operates in two segments, Fiber Optics and Photovoltaics. The Fiber Optics segment offers telecom optical, enterprise, laser/photodetector component, parallel optical transceiver and cable, fiber channel transceiver, cable television, fiber-to-the-premises, satellite communications, video transport, and defense and homeland security products. EMKR’s fiber optics products enable information that is encoded on light signals to be transmitted, routed (switched), and received in communication systems and networks. The Photovoltaics segment provides gallium arsenide (GaAs) multi-junction solar cells, covered interconnected cells, and solar panels for space applications; and concentrating photovoltaic (CPV) power systems for commercial and utility scale solar applications, as well as GaAs solar cells and integrated CPV components for use in other solar power concentrator systems. This segment offers solar cells for commercial, government civil space, and military satellite applications. EMKR sells its products worldwide through direct sales force, external sales representatives, distributors, and application engineers.

Shares of solar firms have certainly seen better days. (For more, read Top 25 Solar Energy Companies for 2011.)

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Happy New Year!!

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