Plug Power Inc (NASDAQ:PLUG) shares continue to benefit from the hype around fuel cells stock in which PLUG is a leading figure. The company, though unprofitable, is starting to win over big commercial customers for its alternative fuel solutions. Last year revenue in the company came in at $26.6 million and revenue is projected to total $65 million in the current fiscal year. The alternative clean energy which the company provides involves electricity generated through a chemical reaction of natural gas or hydrogen. The alternative energy is being adopted in industrial equipments like forklifts as it is considered efficient and clean. Shares of Plug Power Inc (NASDAQ:PLUG) soared about 3,000 percent in the past year. Plug Power Inc (NASDAQ:PLUG) shares after opening at $5.93 moved to $8.48 on last trade day and at the end of the day closed at $8.48. Company price to sales ratio in past twelve months was calculated as 29.13 and price to cash ratio as 64.87. Plug Power Inc (NASDAQ:PLUG) showed a positive weekly performance of 42.28%.
FuelCell Energy Inc (NASDAQ:FCEL) has by far been a better-known hydrogen-fuel producer in comparison to a number of other peers in the solar industry. This company is also known to be a manufacturer of fuel cell power as well. FuelCell Energy Inc (NASDAQ:FCEL) shares advanced 19.75% in last trading session and ended the day on $2.91. FCEL its return on assets is -15.80%. FuelCell Energy Inc (NASDAQ:FCEL) yearly performance is 200.00%.
The Novavax, Inc. (NASDAQ:NVAX) on Mar. 10 reported its financial results for the fourth quarter and year ended December 31, 2013. Novavax reported a net loss of $14.1 million, or $0.07 per share, for the fourth quarter of 2013, compared to a net loss of $8.0 million, or $0.06 per share, for the fourth quarter of 2012. For the full year 2013, the net loss was $52.0 million, or $0.31 per share, compared to a net loss of $28.5 million, or $0.22 per share, for 2012. Novavax revenue in the fourth quarter of 2013 increased 92% to $8.7 million as compared to $4.6 million for the same period in 2012. Novavax, Inc. (NASDAQ:NVAX) shares moved up 8.47% in last trading session and was closed at $4.48, while trading in range of $4.06-$4.56. Novavax, Inc. (NASDAQ:NVAX) year to date performance is -12.50%.
Ocean Power Technologies, Inc. (Nasdaq:OPTT) and Dr. George W. Taylor, Executive Vice Chairman and co-founder of the Company, have agreed on a transitional arrangement for Dr. Taylor effective March 18, 2014. Dr. Taylor will retire from the position of Executive Vice Chairman and as an employee of the Company and its subsidiaries, effective immediately. Dr. Taylor continues to serve on the Board of Directors of the Company, and the Company expects that Dr. Taylor will continue to assist OPT in a consulting role with the Company in order for it to have access to his broad and deep knowledge of and experience with the Company and its technology. The terms of the arrangement are still being finalized, and the Company will provide updated disclosure as required by applicable rules. Ocean Power Technologies Inc (NASDAQ:OPTT) weekly performance is 0.48%. On last trading day company shares ended up $4.15. Ocean Power Technologies Inc (NASDAQ:OPTT) distance from 50-day simple moving average is 18.97%. Analysts mean target price for the company is $5.00.
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