FuelCell Energy Inc (NASDAQ:FCEL) jumped 9.09% after the company won a contract to supply 5.6 megawatts of equipment to Posco. Posco, South Korea’s largest steelmaker and FuelCell’s biggest shareholder, will use the equipment to build power plants for customers in Korea this year, Danbury, Connecticut-based FuelCell said in a statement. Terms weren’t disclosed. FuelCell Energy Inc (NASDAQ:FCEL) net profit margin is -18.60% and weekly performance is 2.86%. On last trading day company shares ended up $2.16. Analysts mean target price for the company is $2.73. FuelCell Energy Inc (NASDAQ:FCEL) distance from 50-day simple moving average (SMA50) is -14.70%.
Pattern Energy Group Inc (NASDAQ:PEGI) Friday priced its underwritten public offering of about 18.36 million Class A common shares at $27.75 per share, for a total of $510 million. The company is selling about $300 million consisting of 10.8 million shares of Class A common stock and selling shareholder Pattern Energy Group LP (the “Selling Shareholder” or “Pattern Development”) is selling about $210 million consisting of 7.55 million shares of Class A common stock. Pattern Energy Group Inc (NASDAQ:PEGI) shares fell -0.14% in last trading session and ended the day on $29.20. PEGI Gross Margin is 32.50% and its return on assets is 2.00%. Pattern Energy Group Inc (NASDAQ:PEGI) quarterly performance is 9.49%.
On May 5, Otter Tail Corporation (NASDAQ:OTTR) posted its quarterly earnings results on Monday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06, American Banking & Market News reports. The company had revenue of $240.47 million for the quarter, compared to the consensus estimate of $227.75 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Otter Tail Corp. updated its FY14 guidance to $1.60-1.80 EPS. Otter Tail Corporation (NASDAQ:OTTR) shares moved down -0.76 % in last trading session and was closed at $28.27, while trading in range of $28.25 – $28.73. Otter Tail Corporation (NASDAQ:OTTR) year to date (YTD) performance is -1.40%.
Ned Davis Research upgraded shares of MGE Energy Inc (NASDAQ:MGEE) from a neutral rating to a buy rating in a report released on Monday, AR Network reports. MGE Energy, Inc. (NASDAQ:MGEE) ended the last trading day at $37.13. Company weekly volatility is calculated as 1.96% and price to cash ratio as 18.71. MGE Energy, Inc. (NASDAQ:MGEE) showed a positive weekly performance of 0.30%.
ForceField Energy Inc. (NASDAQ:FNRG) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with 17th Street ALD Management Corporation, a Delaware corporation (“ALD”) and the holders (the “Sellers”) of all of ALD’s outstanding preferred stock and common stock (the “ALD Outstanding Equity”).ForceField Energy Inc (NASDAQ:FNRG) weekly performance is -1.85%. On last trading day company shares ended up $5.30. Analysts mean target price for the company is $7.00. ForceField Energy Inc (NASDAQ:FNRG) distance from 50-day simple moving average (SMA50) is -4.1%.