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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:48 EDTFCEL, FSLR, BLDP, PLUGFuelCell, First Solar advance after upbeat notes from analyst
Shares of FuelCell (FCEL) and First Solar (FSLR) are climbing after research firm Stifel resumed coverage of both stocks with Buy ratings in notes to investors earlier today. First Solar develops solar energy plants, while Fuel Cell develops fuel cell power systems. WHAT'S NEW: FuelCell has made progress in reducing its technology and manufacturing costs, Stifel analyst Sven Eenmaa wrote. Additionally, the company's fuel cell power plant solution is becoming increasingly attractive in several states following a decline in the cost of electricity generated by the product, the analyst believes. Following the price drop, the price of FuelCell's solution is competitive with other renewable energy sources, the analyst wrote. Although FuelCell's U.S. bookings are likely to remain uneven as Americans get used to the technology, these challenges should fade over time, he forecast. The analyst placed a $2.90 price target on the name. First Solar is still strongly positioned to exploit the growth of solar energy around the world, Eenmaa believes. The company should benefit from the proliferation of solar energy projects in the U.S. ahead of the expiration of a tax credit in 2016, the analyst added. Also likely to boost First Solar are the declining cost of financing for solar projects, reductions in the cost of First Solar's cost per watt, and capital raises by yieldcos, the analyst forecast. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. Eenmaa set a $75 price target on First Solar. PRICE ACTION: In mid-morning trading, FuelCell climbed more than 6% to $2.37 and First Solar gained 1.3% to $62.06. Other fuel cell stocks also rose significantly, with Plug Power (PLUG) rising 4.5% to $4.18 and Ballard Power (BLDP) advancing 7.5% to $3.50.
News For FCEL;FSLR;BLDP;PLUG From The Last 14 Days
Check below for free stories on FCEL;FSLR;BLDP;PLUG the last two weeks.
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July 30, 2014
05:11 EDTBLDPBallard Power confirms FY14 revenue guidance of up approximately 30%
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05:09 EDTBLDPBallard Power reports Q2 EPS (3c), consensus (2c)
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July 29, 2014
09:17 EDTPLUGOn The Fly: Pre-market Movers
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07:27 EDTPLUGPlug Power up 12.3% after confirming follow-on GenKey order from Wal-Mart
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07:25 EDTPLUGPlug Power confirms follow-on GenKey order from Wal-Mart
Plug Power (PLUG) confirms the company has received a follow-on GenKey purchase order from Wal-Mart (WMT) to add an additional, seventh, GenKey site to the original six-site contract it announced in February. This additional site in Sterling, IL consists of 286 GenDrive fuel cell units and is planned to deploy in Q3. The add-on Sterling, Illinois GenKey site is currently in the planning stages and is expected to be deployed by the end of Q3.
July 28, 2014
09:17 EDTFSLROn The Fly: Pre-market Movers
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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLRU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 22, 2014
18:33 EDTBLDPOn The Fly: After Hours Movers
UP AFTER EARNINGS: Broadcom (BRCM), consensus up 3% after reporting second quarter results... Intuitive Surgical (ISRG), up 10.4%... Manhattan Associates (MANH), up 3%... Robert Half International (RHI), up 3.9%... Hawaiian Holdings (HA), up 3.1%... Microsoft (MSFT), up just under 1%... FMC Technologies (FTI), up 1.1%. ALSO HIGHER: Ballard Power Systems (BLDP), up 2.7% following purchase order from New Flyer Industries... Unwired Planet (UPIP), up 2.4% after filing a lawsuit against Microsoft for breach of contract. NOTABLE: Puma Biotechnology (PBYI), up 193.8% after reporting positive top line results from Phase III PB272 trial. DOWN AFTER EARNINGS: Xilinx (XLNX), down 8.7%... Apple (AAPL), down after reporting third quarter results and fourth quarter guidance... Juniper Networks (JNPR), down 4.7%... ALSO LOWER: Farmland Partners (FPI), down 3.8% after filing to sell 3.72M shares of common stock.
16:35 EDTBLDPBallard Power receives purchase order from New Flyer Industries
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10:02 EDTBLDP, PLUG, FCELChina to replace new-energy vehicle subsidies with new program, China Daily says
China will launch more fiscal support policies for "new-energy" vehicles for 2016 to 2020 when the current subsidy program expired at the end of 2015, said China Daily, citing a notice the State Council released Monday. New-energy vehicles include pure electric ones, plug-in hybrids and fuel cell vehicles, the report noted. Makers of electric vehicles include Kandi (KNDI) and Tesla (TSLA) and companies in the fuel cell space include Plug Power (PLUG), FuelCell Energy (FCEL) and Ballard Power (BLDP). Reference Link
09:08 EDTFCELOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Chipotle (CMG), up 10.7%... Crocs (CROX), up 5%... Lockheed Martin (LMT), up 1.4%. ALSO HIGHER: GreenHunter Resources (GRH), up 10.3% after announcing intent to form MLP... TG Therapeutics (TGTX), up 9.5% after reporting Q2 results, preclinical study results, price target on shares raised to $19 from $13 at Brean Capital... FuelCell (FCEL), up 5.4% after announcing German government support, EUR 4.9M in research awards... Apache (APA), up 5.2% after Bloomberg says activist investor JANA Partners disclosed $1B position in the stock. DOWN AFTER EARNINGS: Harley-Davidson (HOG), down 4.1%... Travelers (TRV), down 3.4%... McDonald's (MCD), down 2.3%... Coca-Cola (KO), down 2.5%. ALSO LOWER: Amazon.com (AMZN), down 1% following downgrade to Neutral rating at Citigroup.
07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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07:13 EDTFCELFuelCell announces German government support, EUR 4.9M in research awards
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July 18, 2014
15:23 EDTBLDP, FCEL, PLUGJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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12:48 EDTFSLRSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
12:36 EDTPLUGPlug Power said to be on list of companies probed by SEC, Probes Reporter says
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10:15 EDTPLUG, FCEL, BLDPPlug Power advances after analyst says outlook has improved
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08:58 EDTPLUGPlug Power outlook has improved, says Roth Capital
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06:08 EDTPLUGPlug Power implied volatility of 93 at lower end of index mean range
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