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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:40 EDTPLUG, BLDP, FCELPlug 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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May 21, 2015
09:12 EDTPLUGPlug Power to host a financial discussion
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May 12, 2015
11:16 EDTPLUGPlug Power to hold an investor presentation and facility tour
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May 11, 2015
10:38 EDTPLUGPlug Power expects to achieve 35%-40% of expected 2015 revenue by end of June
10:26 EDTPLUGPlug Power says targeting $400M in bookings in 2015
10:22 EDTPLUGPlug Power says sees overall growth in revenue, profitability in 2015
Says expects to achieve nearly 30% gross margin in GenDrive business by end of 2015. Sees shipping over 3,300 GenDrive units in 2015. Sees sequential improvement in margins throughout the year. Says overall gross margin rates "moving in the right direction." Sees overall growth in revenue, profitability in 2015. Plug Power is up 4.12% to $2.53 in morning trading.
10:17 EDTPLUGPlug Power still sees over $100M in revenue for 2015, consensus $103.32M
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09:21 EDTPLUGOn The Fly: Pre-market Movers
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07:22 EDTPLUGPlug Power reports Q1 adjusted EPS (7c), consensus (7c)
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