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Stock Market & Financial Investment News

News Breaks
January 9, 2014
08:59 EDTCMI, CLNE, WPRTCummins engine delay a negative for Clean Energy, says Piper Jaffray
Piper Jaffray views Cummins' (CMI) six-month delay in the development of a larger natural gas engine as a negative for Clean Energy (CLNE) and a non-event for Westport Innovations (WPRT). Piper thinks the delay implies a lack of demand among truly long-haul truckers, which it notes Clean Energy is attempting to serve with a nationwide network.
News For CLNE;CMI;WPRT From The Last 14 Days
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September 17, 2014
09:58 EDTCLNEClean Energy call activity attributed to takeover speculation
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09:45 EDTCLNERumor: Clean Energy strength attributed to takeover speculation
September 16, 2014
09:59 EDTCMIOn The Fly: Analyst Downgrade Summary
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06:08 EDTCLNEClean Energy and Mansfield Energy form joint venture
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05:32 EDTCMICummins downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Cummins to Market Perform on concerns the company will struggle to meet 2015 consensus expectations due to emerging market demand weakness, slower power generation improvement and warranty accrual headwinds in Engines. Wells lowered its price target range for shares to $145-$148 from $170-$173.
September 15, 2014
12:10 EDTWPRTWestport management to meet with Lake Street
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September 11, 2014
08:20 EDTCLNEClean Energy to fuel Bimbo Bakeriesí first natural gas trucks
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September 4, 2014
07:53 EDTCMIAugust Class 8 truck orders bwlow consensus, says Morgan Stanley
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07:20 EDTCMIAugsut truck orders well ahead of expectations, says Jefferies
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05:24 EDTCMIAugust Class 8 truck orders below expectations, says Wells Fargo
Wells Fargo notes that ACT Research reported August Class 5-8 truck orders were up 14% year-over-year but declined 6% from July. Class 8 net orders were 25,400, up 30% year-over-year and down 16% sequentially from July, below Wells' expectation of 27,000-30,000. The firm says Class 8 orders remained strong, however. Wells believes the modest Class 8 truck backlog decline may be a short-term neutral to negative for truck-related stocks, such as Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).

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