New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 14, 2014
10:30 EDTPLUG, BLDP, FCELPlug 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
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
09:25 EDTFCELOn The Fly: Pre-market Movers
Subscribe for More Information
08:26 EDTFCELFuelCell announces project development agreement with E.ON
Subscribe for More Information
July 29, 2015
05:15 EDTBLDPBallard Power reports Q2 EPS (6c), consensus (6c)
Subscribe for More Information
July 28, 2015
10:00 EDTPLUGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:22 EDTPLUGPlug Power initiated with a Buy at Craig-Hallum
Target $3.50.
July 27, 2015
07:08 EDTPLUGPlug Power acquires full control of HyPulsion JV for $11.47M in stock
Subscribe for More Information
July 22, 2015
07:34 EDTBLDPBallard Power to provide 1MW clean power generation system in Bordeaux, France
Subscribe for More Information

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