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Stock Market & Financial Investment News

News Breaks
March 14, 2014
10:30 EDTFCEL, PLUG, 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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April 21, 2015
14:41 EDTFCELFuelCell management to meet with Jefferies
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April 17, 2015
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 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.
April 14, 2015
09:37 EDTPLUGPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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