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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:48 EDTFSLR, PLUG, FCEL, BLDPFuelCell, 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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April 21, 2015
14:41 EDTFCELFuelCell management to meet with Jefferies
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April 17, 2015
13:02 EDTFSLRSouthern Company announces five solar projects in three states
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09:37 EDTFCELFuelCell initiated with a Buy at Dougherty
Target $2.45.
09:37 EDTPLUGPlug Power initiated with a Buy at Dougherty
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April 16, 2015
09:05 EDTFSLRSouthern Company subsidiary acquires California solar project
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April 15, 2015
12:18 EDTPLUGPlug Power CEO bullish on improving sales process, blogger says
Following a tour of Plug Power's Latham facility, financial blogger Jennifer Galperin said company CEO Andy Marsh is keenly aware of criticisms, particularly those focused on meeting or exceeding guidance. Marsh seems very bullish on PLUG's ability to move more big customers to a type of sales process that is more of a planning process where there is longer-term clarity, according to the post by Galperin that was featured on the blog of investor and a trader Michael Bigger. Reference Link
07:36 EDTBLDPBallard Power receives fuel cell power module order for eight buses in China
Ballard Power has received an order from a Chinese customer to supply its FCvelocityTM-HD7 power modules for 8 buses to be deployed in a number of Chinese cities. Ballard expects to ship all of the modules in 2015.
06:52 EDTFSLRJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 14, 2015
09:37 EDTPLUGPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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April 13, 2015
13:59 EDTFSLRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link

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