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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:40 EDTFCEL, PLUG, BLDPPlug 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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October 5, 2015
08:35 EDTFCELFuelCell announces definitive agreements with DOE
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October 1, 2015
05:17 EDTBLDPBallard Power receives purchase order from Aditya Birla in India
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September 28, 2015
08:09 EDTBLDPBallard Power signs $6M joint development agreement and supply agreement
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September 27, 2015
14:41 EDTBLDPBallard signs license, supply agreement with Synergy Hydrogen for roughly $17M
Ballard Power Systems signed a new long-term license and supply agreement with an existing partner in China, Guangdong Synergy Hydrogen Power, to provide fuel cell power products and technology solutions in support of the planned deployment of approximately 300 fuel cell-powered buses in the cities of Foshan and Yunfu, China. The deal has an estimated initial value of $17M through 2016, with the opportunity for "significant" recurring royalties starting in 2017, the company said. The agreement includes supply and sale of fully-assembled fuel cell power modules, ready-to-assemble module kits, a technology license for localization of assembly, supply of proprietary fuel cell stacks and long-term recurring royalties leveraged to unit volumes of locally assembled modules. "This deployment in Foshan will serve as a major competitive advantage for Ballard and our local partners as we seek to bring additional Chinese cities onboard. China's new energy program involves 48 cities that are focused on addressing severe air quality issues, in part through expansion of public transit, with 1,000 clean energy buses to be deployed in each participating city," remarked Ballard CEO Randy MacEwen. The announcement is in addition to Ballard's June announcement regarding the signing of license and supply agreements with Synergy as well as with Nantong Zehe New Energy.
September 24, 2015
08:11 EDTBLDPBallard Power to launch complementary fuel cell power module configurations
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