New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 12, 2014
12:26 EDTTSLA, PLUG, WMT, FCELAnalyst sees FuelCell Energy poised for large deals
FuelCell Energy (FCEL) is poised to obtain "sizeable" contracts and could reach profitability, research firm Stifel wrote in a note to investors earlier today. FuelCell Energy develops fuel cell power plants. WHAT'S NEW: FuelCell's statements about large contracts during its first quarter earnings conference were "encouraging," wrote Stifel analyst Jeffrey Osborne. Specifically, the company said that it was "waiting on final customer and regulatory approval," adding that "inquiries and activity levels globally remain high," noted Osborne. FuelCell is well-positioned to obtain close to 100 megawatts of large scale projects in the U.S., the analyst believes. In coming months FuelCell will obtain "sizable" deals that will increase investors' interest in the stock and put the company on the path to profitability, forecast the analyst. Osborne hiked his price target on the stock to $4.10 from $2.30 and kept a Buy rating on the shares. Taking a much more pessimistic view on FuelCell was research firm Ardour, which downgraded the stock to Hold from Buy in a note to investors earlier today. FuelCell reported Q1 profits and revenue that were in-line with expectations, but its backlog continued to decline and its product gross margin fell, Ardour noted. WHAT'S NOTABLE: Recently the shares of fuel cell makers have spiked after Morgan Stanley speculated that a battery factory being launched by Tesla (TSLA) could enable utility customers to stop using the power grid. Additionally, fuel cell supplier Plug Power (PLUG) last month revealed that it had sold 1,738 hydrogen fuel cells to Wal-Mart (WMT). In a report published yesterday that was critical of Plug Power, Citron Research said the fair value of its stock is 50c and that "with no fundamental changes now or expected in its business model," Plug Power "has 'bust' written all over it." PRICE ACTION: In early afternoon trading, FuelCell fell 6c, or 1.5%, to $3.23. Since last Wednesday, March 6, FuelCell Energy's stock is up about 64%.
News For FCEL;PLUG;TSLA;WMT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
February 3, 2016
09:52 EDTTSLATesla hits fresh 52-week low
Subscribe for More Information
07:55 EDTPLUGPlug Power coverage assumed with a Neutral at Roth Capital
05:30 EDTTSLATesla initiated with a Sell at Berenberg
Subscribe for More Information
05:13 EDTTSLATesla implied volatility of 67 at upper end of index mean range
Subscribe for More Information
February 2, 2016
11:19 EDTTSLATesla estimated to deliver 850 Model S sedans in NA in January, Inside EVs says
Subscribe for More Information
07:30 EDTTSLAPacific Crest more cautious on Tesla after channel checks
Subscribe for More Information
February 1, 2016
16:01 EDTTSLAOptions Update; February 1, 2016
Subscribe for More Information
14:42 EDTTSLATesla applies for Michigan dealership license, Detroit News says
Subscribe for More Information
13:24 EDTTSLATesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
09:36 EDTTSLAActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
08:58 EDTTSLATesla target cut to $333 on lower Model X, 3 expectations at Morgan Stanley
Morgan Stanley analyst Adam Jonas said manufacturing and engineering troubles delayed the Model X launch by at least one year and may have added "hundreds of millions of dollars" to costs for Tesla. While the company focuses significant effort on the Model X, Jonas repeats his expectation that the Model 3 will not launch until late 2018, which is at least one year later than the company is targeting. Citing the Model X and Model 3 concerns, as well as a lower valuation for Tesla Energy and rising competition in the shared mobility space, Jonas cut his price target on Tesla shares to $333 from $450, but maintains an Overweight rating on the stock.
08:29 EDTTSLATesla moves lower in pre-market trading
The stock is down over 3.2% to $184.93 on light volume. At that price next support is at $181.40, the 52-week low. Resistance is at $189.80.
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
Subscribe for More Information
06:07 EDTTSLATesla CEO Musk raises stake in company, MarketWatch reports
Subscribe for More Information
January 29, 2016
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
Subscribe for More Information
January 28, 2016
09:52 EDTTSLATesla nears test of 52-week low
Shares were last at $186.40, nearing a potential test of support at $181.40 which is the 52-week low. Resistance is at the session high at $191. A move below the 52-week low would confirm a break in the long-term uptrend for the shares.
09:38 EDTTSLAActive equity options trading on open
Subscribe for More Information
January 26, 2016
16:00 EDTTSLAOptions Update; January 26, 2016
Subscribe for More Information
14:24 EDTTSLATesla says no one hurt, no damage to line from small fire, TheStreet reports
A Tesla spokesman confirmed there was a small fire in the air conditioning unit in the ceiling of the north end of it Fremont plant, but that no one was harmed and no damage was done to the production line, reported TheStreet's Chris Ciaccia. Reference Link
13:53 EDTTSLAFire reported at Tesla Fremont location, KPIX reports
Subscribe for More Information
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use