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Stock Market & Financial Investment News

News Breaks
November 20, 2012
14:17 EDTPLUG, FDXPlug Power selected for $2.5M award from DOE
Plug Power (PLUG) has been selected for a $2.5M award from the U.S. Department of Energy to modify electric tow tractor ground equipment to function with GenDrive hydrogen fuel cells in airport applications. Under a three-year initiative with the DOE's Office of Energy Efficiency and Renewable Energy, 15 tow tractors will be deployed at FedEx Express airport hub locations in Memphis, Tennessee and Oakland, California. FedEx (FDX) will deploy hydrogen fuel cell technology at these sites to study the productivity, efficiency and the environmental benefits of using hydrogen.
News For PLUG;FDX From The Last 14 Days
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May 15, 2013
08:02 EDTFDXFedEx should be bought on pullbacks, says RW Baird
Baird lowered its estimates on FedEx to reflect below consensus Q4 results and guidance. The firm cited continued international airfreight weakness but sees stabilizing signs. Baird remains constructive on the shares citing low investor sentiment and potential for margin improvements. Shares are Outperform rated with a $112 price target.
07:31 EDTFDXFedEx news should improve investor sentiment, says Oppenheimer
After FedEx announced that it anticipates delivering $1.65B of annualized profitability improvement by FY16, Oppenheimer believes that this news, along with a capacity cut and the company's recent win of a major Post Office contract, will improve investor sentiment towards the stock. The firm reiterates an Outperform rating on the shares.
May 14, 2013
09:17 EDTPLUGPlug Power reports Q1 EPS with items (18c), one estimate (16c)
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07:23 EDTFDXOppenheimer to host a summit
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May 8, 2013
09:24 EDTPLUGPlug Power secures $6.5M strategic investment from Air Liquide
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May 7, 2013
06:29 EDTFDXFedEx FY14 expectations need to come down, says Citigroup
Citigroup believes consensus expectations for FedEx's FY14 need to come down before the stock can move higher. The firm lowered its FY14 earnings estimate for FedEx to $7.10 from $7.50 citing challenging fundamentals at Express, but keeps a Buy rating on the stock.

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