On May 14, Plug Power Inc. (NASDAQ:PLUG) reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Net loss for the first quarter of 2014 was $75.9 million, or $0.57 per share on a basic and diluted basis. Plug Power Inc (NASDAQ:PLUG) weekly performance is -4.66%. On last trading day company shares ended up $4.09. Analysts mean target price for the company is $4.88. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -30.07%.
Corning Incorporated (NYSE:GLW) with more than 160 years of experience holds the record of being the world’s leading specialty glass and Ceramics Company. The company announced a quarterly dividend for the shareholders on April 29, 2014. Corning’s board of directors has decided to pay a dividend of $0.10 per share of the common stock to the shareholders on June 30, 2014. The dividend will be paid to those who have registered a business till May 30, 2014. Corning Incorporated (NYSE:GLW) shares advanced 0.52% in last trading session and ended the day on $21.33. Gross Margin is 42.10% and its return on assets is 6.10%. Corning Incorporated (NYSE:GLW) quarterly performance is 11.04%.
Bloomberg has reported comments made last week by Kyocera Corporation (ADR) (NYSE:KYO)’s President Goro Yamaguchi indicating the Kyoto based electricals giant is considering whether to make the move as Japan prepares for the opening up of its power market in two years’ time, a development which will allow households to choose their energy supplier. Kyocera Corporation (ADR) (NYSE:KYO) shares moved up 0.18% in last trading session and was closed at $45.08, while trading in range of $44.90 – $45.18. Kyocera Corporation (ADR) (NYSE:KYO) year to date (YTD) performance is -10.09%.
Shenzhen BAK Battery Co., Ltd. a wholly-owned subsidiary of China BAK Battery, Inc. (NASDAQ:CBAK) entered into a loan agreement with Mr. Jinghui Wang, pursuant to which, Mr. Wang agreed to initially lend Shenzhen BAK a loan in the amount of RMB370 million (approximately $61.1 million). On January 14, 2014, the Company’s wholly-owned Hong Kong subsidiary, BAK International Limited (“BAK International) entered into a corporate guarantee with Mr. Wang, under which BAK International irrevocably and unconditionally guaranteed to the lender timely performance by Shenzhen BAK of all its obligations under the Loan Agreement. China BAK Battery Inc. (NASDAQ:CBAK) ended the last trading day at $2.15. Company weekly volatility is calculated as 8.68% and price to cash ratio as 2.71. China BAK Battery Inc. (NASDAQ:CBAK) showed negative weekly performance of -6.52%.
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