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Headwaters Thrives In Building Markets.(B)(NYSE STOCKS IN THE NEWS)
Byline: David Saito-Chung
Headwaters corrected 34% in just three months after hitting a high of 45.75 on July 28. The stock recently hopped back above its 200-day and 50-day moving average lines. But its Accumulation/Distribution Rating is still mediocre.
The South Jordan, Utah-based firm sells technology and reagents to the synthetic fuels industry. Headwaters has diversified into new businesses to minimize the risk that a federal tax credit for synthetic fuel plant operators may expire at the end of 2007 without extension.
Headwaters converts high-quality fly ash -- a product of burning coal -- into alternative building materials as well as sells ...
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