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Stock Market & Financial Investment News

News Breaks
January 29, 2014
06:40 EDTHMC, HYGSHydrogenics awarded contracts for fueling stations in UK
Hydrogenics (HYGS) announced that it has been awarded two contracts for fueling stations in the United Kingdom. The first contract includes three HySTATTM 60 electrolyzers for BOC, a member of The Linde Group, for installation as part of a large fueling station due to be constructed in 2014 for Aberdeen City Council's Kittybrewster depot in Scotland. The three electrolysers will provide up to 400 kg per day of Hydrogen, and the station, part of the Aberdeen Hydrogen Bus Project, will be used for 10 fuel cell buses which will be the largest such fleet in Europe. The second contract, also with BOC, calls for a HySTATTM 30 electrolyzer to be installed as part of a fueling station in Swindon, England for Honda Motor Company (HMC). The electrolyzer will provide 65 kg of Hydrogen per day and is expected to be operational during the second half of 2014, as is the Kittybrewster installation.
News For HYGS;HMC From The Last 14 Days
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January 30, 2015
08:47 EDTHMCHonda lowers FY15 automobile sales view to 4.45M units from 4.62M
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08:43 EDTHMCHonda raises Q3 dividend to Y22 from Y20 last year
Sees Q4 dividend to be flat with Q3 and flat with Q4 last year at Y22. Dividend information from slides for Q3 earnings presentation.
08:14 EDTHMCHonda now sees FY15 basic net income JPY 302.39
Honda now sees FY15 net sales and other operating revenue JPY 12.9T
08:11 EDTHMCHonda reports Q3 EPS 63c vs. 74c last year
Reports Q3 revenue $27.29B, one estimate $30.13B. Reports increased revenue in motorcycle business operations, as well as favorable foreign currency translation effects, offset by decreased revenue in automobile business operations.
January 27, 2015
09:33 EDTHMCHonda downgraded to Underweight at Mitsubishi UFJ Morgan Stanley
Mitsubishi UFJ Morgan Stanley downgraded Honda to Underweight from Equal Weight.
07:21 EDTHMCDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
January 26, 2015
06:33 EDTHYGSHydrogenics to supply 1MW electrolyzer for the MefCO2 European project
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January 23, 2015
11:54 EDTHMCHonda chooses Takata rival as supplier for Accord air bags, Reuters says
According to two people with knowledge of the matter, Honda (HMC) has chosen a Takata (TKTDY) rival to supply air bags for the next North American version of its Accord sedan, Reuters reports. Reference Link
January 21, 2015
19:18 EDTHMCLower oil prices could boost car and truck sales, CNBC reports
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13:53 EDTHMCGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
10:01 EDTHYGSOn the Fly: Analyst Initiation Summary
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07:15 EDTHYGSHydrogenics initiated with a Buy at MLV & Co.
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