Wind Changes Direction For Sauer Energy (SENY)

It appears from the action of the last three days that Sauer Energy (OTC: SENY) might finally have the wind at its back. Shares of Sauer Energy have risen over 200% since the market opening on Tuesday morning when the company announced it had secured $5 million in equity financing with St. George Investments. The news propelled buyers to drive share prices higher. As of the closing price today, the stock went from $0.15 to $0.315 during the last three trading sessions. Traders have to wonder how much longer can the wind blow at this pace.

After seeing Sauer Energy stock tack on impressive gains on Tuesday and Wednesday, traders could not be faulted for signs of shyness prior to the start of trading today. Buyers, however, grabbed shares right from the opening bell with shares gaining a few pennies out of the gate. By the end of the first full hour of trading, share prices had jumped to their highs on the day when the stock traded for just a hair under $0.39. Traders settled into a tug of war between buyers and sellers for the next several hours as the stock traded in a narrow range. In the final hour of trading, buyers gave ground and the stock closed up less than a penny for a gain of 2%. Volume exceeded 1 million shares on the day, which far outpaced the daily average of 100,000.

Since hitting an annual high of $0.95 last December, Sauer Energy stock has slid backwards to a fresh 52-week low in July when shares traded for $0.10. With little news to blow a favorable wind, the stock showed little movement over the last five weeks until Tuesday morning. This week has also seen some of the heaviest volume in months for Sauer Energy shares.

Other related news for the company that caused little stir among traders this summer includes:

  • June 5, 2012: Sauer Energy announced testing of its WindCharger technology in Mexico.
  • May 11, 2012: The company completed purchasing the assets of Helix Wind.

Recent stock promotion and newsletter activity for Sauer Energy includes a note by OTCPicks.com today that highlighted the stock as a “mover”. All newsletter comments can be viewed on Stockreads.com. Several promoters have been touting the stock the last two days. Penny Stock Crowd had this to say about Sauer Energy, “SEI’s technology, which provides a new direction for wind capture, will easily scale from residential to small community and up to large industrial scale.” Penny Stock Trader did not list receiving any compensation for its remarks. All 53 promotions can be read on Stockpromoters.com. On Twitter, @PennyStocks24 commented on the recent surge in share prices.

Sauer Energy, formerly known as BCO Hydrocarbon Limited, engages in developing vertical axis wind turbines for both commercial and residential use. The small wind turbines allow for mounting on roofs of houses and small buildings. The company touts itself as providing innovative wind technology without impacting the planet. Sauer Energy was founded in 2008 and is located in Newbury Park, California.

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Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).