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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:48 EDTPLUG, FCEL, BLDP, FSLRFuelCell, 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
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May 22, 2015
08:56 EDTFSLRJefferies to hold a field trip
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May 21, 2015
12:01 EDTFSLRSouthern Company subsidiary acquires 103-MW Georgia solar project
Southern Company (SO) subsidiary Southern Power acquired the 103-megawatt Butler solar facility from Community Energy in Georgia. The project, which was initially developed by Community Energy was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The facility, which will be located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar (FSLR) managing the building, operations and maintenance of the facility. The Butler solar facility is expected to consist of more than 1 million of First Solar's thin-film photovoltaic solar modules mounted on single-axis tracking tables. The electricity and associated renewable energy credits generated by the facility will be sold under a 30-year power purchase agreement with Georgia Power, which will have the option to keep or sell the RECs, for the benefit of its customers or renewable energy programs.
09:12 EDTPLUGPlug Power to host a financial discussion
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May 12, 2015
11:16 EDTPLUGPlug Power to hold an investor presentation and facility tour
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May 11, 2015
10:38 EDTPLUGPlug Power expects to achieve 35%-40% of expected 2015 revenue by end of June
10:26 EDTPLUGPlug Power says targeting $400M in bookings in 2015
10:22 EDTPLUGPlug Power says sees overall growth in revenue, profitability in 2015
Says expects to achieve nearly 30% gross margin in GenDrive business by end of 2015. Sees shipping over 3,300 GenDrive units in 2015. Sees sequential improvement in margins throughout the year. Says overall gross margin rates "moving in the right direction." Sees overall growth in revenue, profitability in 2015. Plug Power is up 4.12% to $2.53 in morning trading.
10:17 EDTPLUGPlug Power still sees over $100M in revenue for 2015, consensus $103.32M
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09:21 EDTPLUGOn The Fly: Pre-market Movers
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07:22 EDTPLUGPlug Power reports Q1 adjusted EPS (7c), consensus (7c)
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