BUZZ-APR Energy: sinks to record low on profit warning
** Shares (Berlin: DI6.BE - news) in APR Energy Plc (Other OTC: APRYF - news) fall as much as 13.5 pct hitting a life low after warning that full-year profit to be at lower end of market expectations.
** The company, whose business mainly involves renting out 25-MW turbines and generators to help customers overcome short-term electricity shortfalls, cites "customer hesitancy" in making decisions.
** Citing unimpressive revenue growth and the fact that APR has deferred a contract in Libya and their extension remains unsigned, Liberum analysts cut their 2014 EPS estimate by 10 pct.
** They also slash their 2015 EPS estimates by 17 pct, but keep their "sell" rating and price target of 385 pence on APR's stock. (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)