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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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July 30, 2015
09:25 EDTFCELOn The Fly: Pre-market Movers
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08:26 EDTFCELFuelCell announces project development agreement with E.ON
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July 29, 2015
05:15 EDTBLDPBallard Power reports Q2 EPS (6c), consensus (6c)
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July 28, 2015
10:00 EDTPLUGOn The Fly: Analyst Initiation Summary
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08:22 EDTPLUGPlug Power initiated with a Buy at Craig-Hallum
Target $3.50.
July 27, 2015
07:08 EDTPLUGPlug Power acquires full control of HyPulsion JV for $11.47M in stock
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July 22, 2015
07:34 EDTBLDPBallard Power to provide 1MW clean power generation system in Bordeaux, France
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