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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:40 EDTPLUG, FCEL, 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 10, 2014
07:03 EDTPLUGPlug Power backs FY14 revenue guidance of $75M, consensus $75.93M
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October 9, 2014
09:20 EDTBLDP, PLUGOn The Fly: Pre-market Movers
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October 8, 2014
19:56 EDTBLDPBallard Power up 6.4% after hours following supply agreement with Plug Power
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19:17 EDTPLUG, BLDPBallard Power signs multi-year fuel cell supply agreement with Plug Power
Ballard Power Systems (BLDP) announced that it has signed a long term supply agreement with Plug Power (PLUG) to provide fuel cell stacks for use in GenDrive systems deployed in forklift trucks. The new supply agreement replaces an existing agreement and creates the opportunity for Ballard to remain in a leading supply position for fuel cell stacks in Plug Power's GenDrive systems. The new agreement is effective immediately and runs to the end of 2017, with the provision for two 1-year extensions.
13:29 EDTPLUGPlug Power says New York tax measures positive for growing companies
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10:28 EDTPLUGPlug Power up 4% ahead of Governor Cuomo visit
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09:11 EDTFCELFuelCell management to meet with UBS
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October 7, 2014
08:36 EDTFCELFuelCell awarded contract to evaluate DFC power plants
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06:11 EDTPLUGPlug Power implied volatility of 73 at lower end of index mean range

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