Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, announced that in line with its aggressive international growth strategy it has signed a non-binding memorandum of understanding (MOU) with Hyundai Hysco Co. Ltd. (Hysco), to create a joint venture partnership to develop and sell hydrogen fuel cells in countries throughout Asia using Hysco’s advanced stack and plate technology. Plug Power Inc (NASDAQ:PLUG) shares after opening at $7.61 moved to $8.37 on last trade day and at the end of the day closed at $7.01. Company price to sales ratio in past twelve months was calculated as 41.16 and price to cash ratio as 91.67. Plug Power Inc (NASDAQ:PLUG) showed a negative weekly performance of -3.84%.
FuelCell Energy Inc (NASDAQ:FCEL) is providing a power plant for a C$7.5 million ($6.7 million) project to convert landfill gas into electricity and carbon dioxide that nourishes plants at a greenhouse facility in British Columbia. FuelCell Energy Inc (NASDAQ:FCEL) shares advanced 2.86% in last trading session and ended the day on $2.52. FCEL return on assets ratio is recorded as -15.80%. FuelCell Energy Inc (NASDAQ:FCEL) yearly performance is 154.55%.
Chinese Twitter-Like, Weibo Corp (ADR) (NASDAQ:WB), was forced to cut the size of its U.S initial public offering and recouped less than the expected amount, as concerns continue to mount on the company’s slowing user growth, as well as sell off in the technology industry. The turnaround of events comes at the back of the much anticipated IPO of Alibaba Group Holding that holds stake in Weibo. Weibo Corp (ADR) (NASDAQ:WB) shares moved up 11.71% in last trading session and was closed at $22.61 while trading in range of $21.16 – $24.17 – Weibo Corp (ADR) (NASDAQ:WB) year to date (YTD) performance is 11.71%.
Select Comfort Corp (NASDAQ:SCSS)’s first-quarter 2014 earnings of 31 cents per share came in line with the Zacks Consensus Estimate, but declined 24.4% year over year. Investors’ seemed bullish with the company meeting the expectations as the shares rose 3.3% in the post-market trading session. Select Comfort Corp. (NASDAQ:SCSS) weekly performance is 14.37%. On last trading day company shares ended up $19.58. Select Comfort Corp. (NASDAQ:SCSS) distance from 50-day simple moving average (SMA50) is 11.33%. Analysts mean target price for the company is $19.29.