Gencor Industries, Inc. (NASDAQ: GENC), a diversified heavy machinery manufacturer for the production of highway construction materials, synthetic fuels and environmental control machinery, recently received a speculative rating of 1 from Sharpeyed.com – their highest level of confidence.

Gencor Industries is in the process of expanding its Orlando-based operations with the addition of approximately 85 new workers along with several strategic acquisition plans. In fact, the company recently received $15.3 million in synthetic fuels investments to facilitate their growth initiatives. With earnings of $1.36 last quarter alone, Gencor Industries is perceived by Sharpeyed as undervalued at its current stock price. The company has a market capitalization of $96.1 million and generated revenue of more than $75 million for the fiscal year that ended September 30, 2007.

According to the American Road & Transportation Builders Association in Washington, D.C., the transportation design and construction industry exceeds $200 billion a year in economic activity and employs more than 2.5 million workers. Highway and bridge construction is projected to reach $78 billion in 2008, up from an estimated $75.5 billion last year. Gencor’s goal is to reach $500 million in sales over the next five years.

Let us hear your thoughts below: