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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:40 EDTBLDP, FCEL, PLUGPlug Power rises after Cowen sees profitability coming, upgrades stock
Shares of fuel cell maker Plug Power (PLUG) are climbing in early trading after research firm Cowen upgraded the stock in a note to investors earlier today. WHAT'S NEW: Plug Power's $80M in bookings so far in 2014, which are 100% higher than the corresponding period in 2013, indicate that the company will become profitable in the fourth quarter, Cowen analyst Robert Stone wrote. The company reported a per share loss, excluding certain items, of (6c) for the first quarter. Moreover, the company's strong cash levels should enable it to develop new products, expand into Asia, and support its expansion into the hydrogen generation market, Stone believes. After visiting one of the company's factories yesterday, Stone reports that it appears to be producing its GenKey fuel cell product at much higher rates. The analyst cut his price target on the shares to $6 from $7.50 based on higher expenses and new shares issued by the company. However, he upgraded the stock to Outperform from Market Perform. PRICE ACTION: In mid-morning trading, Plug Power climbed 15c, or 4%, to $3.97. The stock is still down over 40% in the last month. OTHERS TO WATCH: FuelCell Energy (FCEL) and Ballard Power Systems (BLDP) also produce fuel cells.
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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