Stocks in Focus: GM, Evergreen Solar, Boeing, and More

The latest news from the Analyst Blog has highlighted several key stories in the world of finance, including the potential bankruptcy of General Motors Corp. and the performance of various companies such as Evergreen Solar, Inc., AMAG Pharmaceuticals, Inc., and Micros Inc. The Zacks Equity Research team provides in-depth analysis and insights on these companies, helping investors make informed decisions.

Key Takeaways:

• The potential bankruptcy of General Motors Corp. has raised questions about the company's legacy Pension and Health Care liabilities, which could be a major burden on the company if the courts are not allowed to touch them.
• Evergreen Solar, Inc. reported revenue of $55.8 million in the 1st quarter of 2009, up 26% from the sequential 4th quarter of 2008, but down from the year-ago 1st quarter of 2008.
• AMAG Pharmaceuticals, Inc. reported financial results for the 1st quarter of 2009, with a focus on the approval status of its lead anti-anemia drug Feraheme, which is expected to be approved soon.
• Fitch Ratings lowered its long-term credit ratings outlook on The Boeing Company from stable to negative, citing financial flexibility and a large order backlog, but also expressing concerns about the company's defense and commercial business.
• Micros Inc. released its fiscal Q3 results, which showed revenue was sharply lower than expected, but non-GAAP EPS was higher than expected due to cost-cutting measures.
• The Zacks Equity Research team provides continuous coverage of 1,150 publicly traded stocks, with analysis and recommendations provided for a six-month time horizon.
• The team's proprietary stock picking system, the Zacks Rank, has consistently outperformed the market by nearly a 3 to 1 margin.

Statistics:

• Revenue in the 1st quarter of 2009: $55.8 million (Evergreen Solar, Inc.)
• Revenue shortfall in the fiscal Q3 results: $21.3 million (Micros Inc.)
• Non-GAAP EPS in the fiscal Q3 results: $0.32 (Micros Inc.)
• Long-term issuer default rating of A+ on Boeing and Boeing Capital Corp. (Fitch Ratings)
• Number of publicly traded stocks covered by the Zacks Equity Research team: 1,150
• Time horizon for analysis and recommendations provided by the Zacks Equity Research team: 6 months

Sources:

• "On Bankruptcy & Banking," Zacks.com, Friday, April 17, 2009
• "Evergreen Solar's Wider Loss," Zacks.com, April 17, 2009
• "AMAG Drug Nears Approval," Zacks.com, April 17, 2009
• "Boeing Suffers Rating Cut," Zacks.com, April 17, 2009
• "Micros Beats on Lower Revenues," Zacks.com, April 17, 2009
• About Zacks Equity Research, Zacks.com
• About Zacks, Zacks.com