Why Goldfield (GV) Stock Is Surging Today

NEW YORK (TheStreet) -- Goldfield  (GV) surged Thursday after the electrical transmission provider reported a narrower net loss and increased revenue in its second-quarter results.

Net loss narrowed to a penny a share from 3 cents a share in the same period one year earlier. Revenue increased 23% year-over-year to $25.3 million from $20.6 million. Income from continuing operations before taxes rose to $693,000 from $97,000 in the second quarter in 2013.

The stock was up 17.42% to $1.82 at 1:07 p.m. More than 1.3 million shares had changed hands, which eclipsed the average volume of 69,992.

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Separately, TheStreet Ratings team rates GOLDFIELD CORP as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOLDFIELD CORP (GV) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

You can view the full analysis from the report here: GV Ratings Report

GV Chart GV data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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