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Highest Level of Cash in the Heavy Electrical Equipment Industry Detected in Shares of ABB (ABB, APWR, AZZ, CPST, OPTT)

Written on Mon, 07/12/2010 - 3:53am
By Chip Brian

Below are the top five cash rich companies in the Heavy Electrical Equipment industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
ABB (NYSE:ABB) ranks first with CE of $9.41B; A-Power Energy Generation Systems (NASDAQ:APWR) ranks second with CE of $157.64M; and AZZ Inc (NYSE:AZZ) ranks third with CE of $110.61M.
Capstone Turbine (NASDAQ:CPST) follows with a CE of $47.27M and Ocean Power Technologies (NASDAQ:OPTT) rounds out the top five with a CE of $31.18M.
SmarTrend is bearish on shares of OPTT and our subscribers were alerted to Sell on January 22, 2010 at $7.26. The stock has fallen 30.1% since the alert was issued.

Keywords: keywords: nyse:abb cash equivalents

Ticker(s): ABB APWR AZZ CPST OPTT

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