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Stock Market & Financial Investment News

News Breaks
November 20, 2012
14:17 EDTFDX, PLUGPlug 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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March 3, 2015
09:26 EDTPLUGPlug Power delays 10-K filing
Plug Power disclosed in a regulatory filing that the company is delaying its filing of its annual report with the SEC. Plug Power states in the filing: "As a first-time large accelerated filer, Plug Power was unable to file its Annual Report on Form 10-K for the year ended December 31, 2014 within the prescribed time period without unreasonable effort or expense. The Company has experienced unforeseen delays in collecting, compiling and finalizing certain financial and other related data necessary to complete the Report, particularly data relating to a substantially higher level of complex customer transactions. The Report will be filed on or before the 15th calendar day following the prescribed due date." Plug Power shares are down 6% in pre-market trading to $2.93.
February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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