Synthesis Energy Systems, Inc. (NASDAQ:SYMX) announced that its wholly owned subsidiary, SES Asia Technologies, Ltd., and Zhangjiagang Chemical Machinery Co., Ltd. (“ZCM”) (shenzhen listing code:002564) have successfully completed a major step in the governmental approval process with the receipt of the required 20-year business license on March 18, from the State Administration for Industry & Commerce of the People’s Republic of China (SAIC) in Zhangjiagang, for the previously announced joint venture, ZCM-SES Sino-U.S. Clean Energy Technologies Limited (“ZCM-SES” or the “JV”). Within the next 30 days ZCM is scheduled to make its first cash capital contribution of RMB 53.8 million (approximately US$8.7 million) and SES is to complete its contribution authorizing SES Gasification Technology usage by the JV. Remaining customary government approvals entail the issuance of a verification report, by an independent accountant, of the registered capital contributions. Once the registered capital of the Company has been contributed, and upon the issuance of the final capital contribution certificates, ZCM-SES will be operational. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) stock opened today at $2.15 and is currently trading at $2.07. The stock showed a neagtive weekly performance of -3.35%.
Stock analysts at RBC Capital raised their target price on shares of Prothena Corp (NASDAQ:PRTA) from $38.00 to $52.00 in a report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 39.94% from the company’s current price. Prothena Corporation PLC (NASDAQ:PRTA) stock opened at $45.77, in current trading session and currently is at $45.81, by gaining 23.28%.The 52 week range of $6.41-$47.43. Company’s market capitalization is $1.02 billion.
I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of wireless M2M asset management solutions, has received a contract from the U.S. Postal Service(USPS) to begin to upgrade and expand the company’s wireless Vehicle Management Systems (VMS) across the USPS mail distribution network. Since awarding I.D. Systems a national contract in 2005, the USPS has deployed the company’s VMS technology on more than 5,000 industrial vehicles in over 100 facilities. The new contract has an initial period of performance to September 30, 2014, with a potential value of up to $4 million. I.D. Systems, Inc. (NASDAQ:IDSY) stock is currently trading at $5.88 .The EPS of the stock is -0.46. Company’s market capitalization is $71.71 million.
Research analysts at Roth Capital initiated coverage on shares of Concert Pharmaceuticals (NASDAQ:CNCE) in a report released on Wednesday, AnalystRatings.Net reports. The firm set a “buy” rating and a $28.00 price target on the stock. Roth Capital’s target price would indicate a potential upside of 98.58% from the company’s current price. Concert Pharmaceuticals Inc (NASDAQ:CNCE) stock opened the session at $15.15, and now is at $14.55. The 52 week range of the CNCE stock remained $12.43-$16.26 and the day range was $14.42-$15.19.
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