Plug Power Inc (NASDAQ:PLUG) shares took a hit late Tuesday after short seller and analyst Andrew Left panned the company in a report, saying shares would be fairly valued at 50 cents due to the company’s lack of profitability and unique technology. Investing in Plug Power would be like playing in a casino, he added. Plug Power Inc (NASDAQ:PLUG) stock opened at $5.82 in last session, and closed at $8.60, while the day range of PLUG stock is $5.32-$7.40.The stock showed a positive weekly performance of 0.74%.
FuelCell Energy Inc. (NASDAQ:FCEL) a global leader in the design, manufacture and operation of efficient reliable fuel cell power plants is rated as a “Sell” in the market by TheStreet, despite reporting impressive first quarter earnings in which its net loss narrowed to a low of $11.4 million down from a high of $12.5 a year ago same quarter. FuelCell Energy Inc (NASDAQ:FCEL) stock opened at $2.99, in last session and closed at $3.37, by gained 2.74%. The 52 week range was $0.84-$4.74. Company’s market capitalization is $796.86 million.
OXiGENE Inc (NASDAQ:OXGN), a clinical-stage biopharmaceutical company developing novel therapeutics to treat cancer, announced that the company’s presentation and webcast at the ROTH Capital Partners 26 Annual Growth Stock Conference will take place on Wednesday, March 12 at 9:30 a.m. PT at The Ritz Carlton Hotel in Dana Point California. Peter Langecker, M.D., PhD., Chief Executive Officer, will provide an update and corporate overview. OXiGENE Inc (NASDAQ:OXGN) stock gained 77.27% and finished the last session at $4.29. The EPS of the stock remained -5.78. Company’s market capitalization is $49.20 million.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) and EPL Oil & Gas, Inc. (EPL) on Mar. 12 announced the signing of a definitive merger agreement pursuant to which EXXI will acquire all of EPL’s outstanding shares for total consideration of $2.3 billion, including the assumption of debt. As a result of the merger, EXXI will become the largest public independent producer on the Gulf of Mexico shelf, with production of approximately 65,000 barrels of oil equivalent (BOE) per day, 70% oil, including a reduction related to the pending divestiture of non-operated interests in the Eugene Island 330 and South Marsh Island 128 fields. Upon completion of the merger, EXXI expects to have an enterprise value of approx. $6 billion. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) stock opened the session at $21.49, and closed the session at $21.54. The 52 week range of the EXXI stock remained $20.40-$33.93 and the day range was $21.32-$22.95.