Clean energy major FuelCell Energy Inc (NASDAQ:FCEL) announced that it will construct a 1.4 megawatt (MW) fuel cell power plant at the University of Bridgeport, CT. The project is a part of the state of Connecticut’s Low-emission Renewable Energy Credit (:LREC) program. FuelCell Energy Inc (NASDAQ:FCEL) net profit margin is -18.60% and weekly performance is -15.18%. On last trading day company shares ended up $1.90. Analysts mean target price for the company is $2.73. FuelCell Energy Inc (NASDAQ:FCEL) distance from 50-day simple moving average (SMA50) is -24.95%.
Pattern Energy Group Inc (NASDAQ:PEGI) announced the pricing of an underwritten public offering of approximately US$510 million consisting of 18,362,758 shares of its Class A common stock at a public offering price of US$27.75 per share. The Company is selling approximately US$300 million consisting of 10,810,810 shares of Class A common stock and selling shareholder Pattern Energy Group LP (the “Selling Shareholder” or “Pattern Development”) is selling approximately US$210 million consisting of 7,551,948 shares of Class A common stock. The underwriters of the offering have the option, exercisable until June 13, 2014, to purchase up to an additional US$76 million or 2,754,413 shares of Class A common stock from the Selling Shareholder. The offering is scheduled to close on May 14, 2014, subject to customary closing conditions. Pattern Energy Group Inc (NASDAQ:PEGI) shares advanced 1.48% in last trading session and ended the day on $28.75. PEGI Gross Margin is 32.50% and its return on assets is 2.00%. Pattern Energy Group Inc (NASDAQ:PEGI) quarterly performance is 6.01%.
The Southern Company (NYSE:SO) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $40.00 price objective on the stock. UBS AG’s target price would suggest a potential downside of 9.81% from the company’s current price. The Southern Company (NYSE:SO) shares moved down -1.20% in last trading session and was closed at $43.67, while trading in range of $43.65 – 44.47. The Southern Company (NYSE:SO) year to date (YTD) performance is 8.79%.
The Board of Directors of Exelon Corporation (NYSE:EXC) declared a regular quarterly dividend of $0.31 per share on Exelon’s common stock. The dividend is payable on June 10, 2014, to shareholders of record of Exelon as of 5:00 p.m. New York Time on May 16, 2014. Exelon Corporation (NYSE:EXC) ended the last trading day at $36.20. Company weekly volatility is calculated as 1.81% and price to cash ratio as 34.01. Exelon Corporation (NYSE:EXC) showed a positive weekly performance of 1.00.