Plug Power Inc (NASDAQ:PLUG), the biggest gainer in the Nasdaq over the past year, expects to raise $124.3 million in a follow-on share offering that may fund acquisitions. The company priced 22.6 million shares at $5.50 each, Latham, New York-based Plug said in a statement. The offering is expected to close on April 30. Plug Power Inc (NASDAQ:PLUG), shares after opening at $5.60 moved to $5.75 on last trade day and at the end of the day closed at $5.37. Company price to sales ratio in past twelve months was calculated as 31.53 and price to cash ratio as 70.22. Plug Power Inc (NASDAQ:PLUG), showed a negative weekly performance of 26.64%.
Zynga Inc (NASDAQ:ZNGA)‘s former CEO, Mark Pincus has decided to step down from his current operational role of Chief Product Officer, but will remain as a non-executive chairman on the board. Pincus had relinquished his position as a CEO last summer to pave the way for Don Mattrick. During an interview, Pincus, who has been at times condemned for his management style, said he stayed on to the product development profile in order to put his hands on the product and ensure that the company continues to follow its social mission. Going forward, Pincus plans to engage in personal investing and does not bank on the idea of creating something on his own at present. However, he sees developing a startup incubator as a potential plan for the future. The news of Pincus stepping down of his role came at the time of Zynga Inc (NASDAQ:ZNGA)’s earnings, where the company announced few more additions of executives. Zynga Inc (NASDAQ:ZNGA), shares fell 6.21% in last trading session and ended the day on $4.08. Zynga Inc (NASDAQ:ZNGA), return on equity ratio is recorded as -2.00% and its return on assets is -1.60%. Zynga Inc (NASDAQ:ZNGA), yearly performance is 30.35%.
The challenge for Advanced Micro Devices, Inc. (NYSE:AMD), is to adapt to a post-PC world. But can a company which made its name competing making microprocessors and competing withIntel Corporation (NASDAQ:INTC) change and change sufficiently fast to make up for a consistently declining PC market with new growth areas such as chips for gaming devices and for servers? Reflecting the decline in its core PC microprocessor business, AMD reported a net loss of $20 million in 1Q2014, which was an improvement over the $146 million loss in 1Q2013. Revenues increased by an impressive 28% in 1Q2014 to reach $1.40 billion. Advanced Micro Devices, Inc. (NYSE:AMD), shares moved down 5.37% in last trading session and was closed at $4.05, while trading in range of $ 4.04 – 4.26. Advanced Micro Devices, Inc. (NYSE:AMD), year to date (YTD) performance is 4.65%.
General Electric Company (NYSE:GE), is a well-diversified global organization that manufactures and markets industrial, technological, and financial products and services. The products and services of the company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products. The company just released its earnings for the first quarter of FY2014. Let us see where the company is headed in the future and if the company is a good candidate for investment. Looking at the company’s revenue breakdown in terms of operating segments, approximately 70% of the top line is generated through the industrial operations of the company while the remaining 30% of revenues are attributed to the GE Capital segment. General Electric Company (NYSE:GE), weekly performance is 0.15%. On last trading day company shares ended up $26.60. General Electric Company (NYSE:GE), distance from 50-day simple moving average (SMA50) is 3.51%. Analysts mean target Price for the company is $28.73.
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