From Reuters:
Shares in Camco International (CAMIN.L) jump over 24 percent after the clean-energy project developer posts its maiden full-year profit, and says it expects "recurring, sustainable cashflows" from carbon deliveries in 2009.
KBC Peel Hunt points out in a note that at 2.2 million euros, Camco's pretax profit came in close to expectations of 2 million euros.
"We consider Camco to be a strong play in the carbon space and a levered play to the carbon price which is rising," says the broker in a note.
KBC lifts its recommendation to "buy" from "hold" following recent share price weakness....
Our last three posts on Camco:
Al Gore. No Score: Camco shares fall on delay of '08 results release (CAO.l; CAMIN.L)
Al Gore: Score! Generation Investment Management ups Stake in Camco International (CAMIN.L; CAO.L)
