Corning Incorporated (NYSE:GLW) cut its annual bonus checks Friday, distributing approximately $27.5 million to about 5,100 employees in the greater Corning area. The average payout was 6.08 percent of an employee’s base salary, and the average bonus check was around $5,200, said Corning Inc. spokesman Joe Dunning. The bonuses – which typically mean a nice mid-winter boost to the local economy – were distributed under the company’s GoalSharing program, which began in 1990 and link pay with performance. Exactly how much employees get is based on how their business or manufacturing segment did in meeting its objectives in 2013. The company’s net profit after taxes is also a factor in determining payouts. Corning Incorporated (NYSE:GLW) stock opened at $19.00 in last trading session, and closed at $19.07, trading in the range of $18.95 – $19.14. The stock showed a negative weekly performance of -0.10%.
TheStreet Quant Ratings rates Plug Power Inc (NASDAQ:PLUG) as a sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income and disappointing return on equity. Plug Power Inc (NASDAQ:PLUG) shares closed at $3.63 on last trade day, by losing -1.89%. Stock 52 week range is $0.12 – $4.90. Company’s market capitalization is $424.82 billion.
TE Connectivity (NYSE:TEL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Tuesday, American Banking and Market News reports. They currently have a $60.00 target price on the stock. Zacks‘ price target suggests a potential upside of 4.48% from the company’s current price. TE Connectivity Ltd (NYSE:TEL) stock decreased -0.02% and finished the last session at $57.47. The EPS of the stock remained 3.21. Company’s market capitalization is $23.60 billion.
Maxwell Technologies Inc.(NASDAQ:MXWL) Interim President & CEO, John Warwick, will make a presentation at 3:20 pm EST, February 27th, at the Stifel Industrials Conference 2014 at the New York Palace Hotel in New York. Maxwell Technologies Inc.(NASDAQ:MXWL) stock opened at $8.56 in last trading session and closed at $8.76. The 52 week range of the stock is $4.90 – $10.39 and the day range was $8.06 – $8.76.