Diversified Electronics: Plug Power (NASDAQ:PLUG), Corning Incorporated (NYSE:GLW), Neonode (NASDAQ:NEON), Alliance Fiber Optic Products (NASDAQ:AFOP), Sanmina Corp (NASDAQ:SANM)

Posted by on Jun 20, 2014

Plug Power is trying to tap the fast-growing fuel cell market, and it is doing so successfully. It is investing in its sales force and infrastructure to profit from the fuel cell industry. Plug Power’s GenDrive and GenKey solutions are finding solid traction at customers such as Wal-Mart, and its partnership with Ballard Power Systems is also yielding results. Its earnings are expected to grow at a tremendous rate, making it a solid growth pick. Plug Power is also expanding its global reach to make the most of the fuel cell opportunity. Plug Power Inc. (NASDAQ:PLUG) weekly performance is 14.36%. On last trading day company shares ended up $4.70. Analysts mean target price for the company is $4.88. Plug Power Inc. (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -4.68%.

Corning Incorporated (NYSE:GLW) announced Corning® Gorilla® Glass is the cover of choice for AHA Inc. Co., LTD’s 84-inch Comuto-S and Arisu-S 4K2K interactive flat panel displays.  Corning Incorporated (NYSE:GLW) shares advanced 1.03% in last trading session and ended the day on $21.67. GLW gross Margin is 42.10% and its return on assets is 6.10%.Corning Incorporated (NYSE:GLW) quarterly performance is 12.11%.

Neonode Inc., (NASDAQ:NEON), the optical touch technology company, announced that it will host a conference call to update investors on the status of the business and to comment on the recent rumors and speculations about Neonode and the touchscreen market. This call will take place on Monday June 23th at 8:30AM (EDT) featuring Neonode’s CEO Thomas Eriksson, Executive Chairman Per Bystedt, CFO David Brunton and Daniel Gelbtuch (SVP of Corporate Finance & IR). Neonode, Inc. (NASDAQ:NEON) shares moved up 4.95% in last trading session and was closed at $3.29, while trading in range of $3.15 – $3.45. Neonode, Inc. (NASDAQ:NEON) year to date (YTD) performance is -47.94%.

Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), an innovative supplier of fiber optic components, subsystems, and integrated modules for the optical network equipment market, on 13 June announced that Huawei Technology Co., Ltd., a global leader in telecommunications network solutions, has awarded the company at the Huawei Shenzhen office with the “2013 Huawei Supplier Cooperation & Support Award.” Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) ended the last trading day at $18.64. Company weekly volatility is calculated as 6.19% and price to cash ratio as 6.70.Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) showed a negative weekly performance of -11.49%.

On 5 June, Sanmina Corp. (NASDAQ:SANM) said it has received tenders and consents from holders of USD264,415,000 in aggregate principal amount of its seven percent senior notes due 2019. Sanmina Corp (NASDAQ:SANM) net profit margin is 1.70% and weekly performance is 1.73%. On last trading day company shares ended up $22.37. Analysts mean target price for the company is $19.86. Sanmina Corp (NASDAQ:SANM) distance from 50-day simple moving average (SMA50) is 11.11%.

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