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Stock Market & Financial Investment News

News Breaks
March 14, 2014
10:30 EDTPLUG, FCEL, BLDPPlug Power slumps after two firms downgrade shares
Shares of fuel cell maker Plug Power (PLUG) are sinking after two research firms downgraded the stock in notes to investors earlier today. Plug Power develops fuel cell systems for industrial off-road vehicles, including forklifts and electric lift trucks. WHAT'S NEW: Roth Capital analyst Matt Koranda downgraded Plug Power to Neutral from Buy. The company's fourth quarter results, announced yesterday morning, suggested that the momentum of its bookings is slowing, the analyst believes. Although Plug Power's bookings still appear set to grow at a rate that exceeds historic levels, much of that growth already seems to be reflected in the stock, contended the analyst. Koranda also warned that some of Plug Power's shipments could be delayed because a majority of its products are being shipped to customers that still have to add hydrogen infrastructure. Adding the infrastructure could take longer than expected, wrote Koranda, who nonetheless raised his price target on the shares to $8 from 80c. Also downgrading Plug Power was Cowen analyst Robert Stone. The company's sales should rise this year as its bookings look strong, and its gross margins should increase as volumes rise and some costs decline, Stone contended. However, he believes that the stock's valuation looked "full" before trading today. Stone cut his rating on the shares to Market Perform from Outperform. PRICE ACTION: In early trading, Plug Power fell 4.5% to $7.64. Other fuel cell makers also dropped, with FuelCell Energy (FCEL) slumping 5% to $3.16 and Ballard Power Systems (BLDP) losing 2.3% to $5.85.
News For PLUG;FCEL;BLDP From The Last 14 Days
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September 16, 2014
09:30 EDTBLDPBallard Power upgraded to Buy from Neutral at Sidoti
September 9, 2014
09:12 EDTFCELOn The Fly: Pre-market Movers
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08:35 EDTFCELFuelCell agrees to sell fuel cell power project to NRG Energy
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September 8, 2014
18:21 EDTFCELFuelCell reports Q3 EPS (3c), consensus (3c)
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15:27 EDTFCELNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Casey's General Stores (CASY), consensus $1.24; Korn/Ferry (KFY), consensus 40c; NCI Building (NCS), consensus 9c; Triangle Petroleum (TPLM), consensus 16c; FuelCell Energy (FCEL), consensus (3c); CHC Group (HELI), consensus (47c).
06:02 EDTPLUGStocks with implied volatility above IV index mean; PLUG GATE
Stocks with implied volatility top IV index mean; Plug Power (PLUG) 79, GT Advanced (GTAT) 91 according to iVolatility.
September 5, 2014
08:33 EDTFCELFuelCell awarded $7.5M contract by DOE
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September 4, 2014
07:12 EDTPLUGPlug Power appoints Chris Hutter as CFO
Plug Power (PLUG), announced that Chris Hutter has been appointed CFO, effective November 6. Hutter will take over responsibilities for Dave Waldek who has served at Plug Power as interim CFO since April of 2013. Most recently, Hutter was CFO of PowerSecure International (POWR).

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