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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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November 19, 2015
10:32 EDTFCELFuelCell commences expansion of North American manufacturing facility
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09:16 EDTPLUGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Keurig Green Mountain (GMCR), up 19%... (CTRP), up 11.8%... (CRM), up 5.4%... Perry Ellis (PERY), up 4%. ALSO HIGHER: Celladon (CLDN), up 55.9% after signing a merger agreement with Eiger BioPharmaceuticals... StemCells (STEM), up 45.7% after Phase II Pathway Study data shows motor improvement in SCI patients... UniPixel (UNXL), up 36.1% after receiving an initial mass production order from a Japanese PC manufacturer... Anavex Life Sciences (AVXL), up 16% after announcing preparation of regulatory filings based on guidance from FDA... Plug Power (PLUG), up 3.7% after securing Colruyt Group as its next GenDrive fuel cell customer in Europe. DOWN AFTER EARNINGS: Stage Stores (SSI), down 14.7%... JinkoSolar (JKS), down 7.5%... Best Buy (BBY), down 5.2%... Semtech (SMTC), down 7.5%. ALSO LOWER: AMAG Pharmaceuticals (AMAG), down 8.4% after receiving a complete response letter from the FDA its application seeking approval for a single-dose vial of Makena... Titan International (TWI), down 8.3% after being downgraded to Sell from Neutral at Goldman... Sunedison (SUNE), down 5.5% after Reuters reported that Blackstone (BX) is not interested in SunEdison investment.
08:41 EDTPLUGPlug Power secures Colruyt Group as next GenDrive fuel cell customer in Europe
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November 17, 2015
09:12 EDTFCELUIL Holdings finalizes deal with Woodbridge
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