Plug Power Inc. (NASDAQ:PLUG) the fuel-cell system maker that’s the best performer on the Nasdaq in the past year, no longer expects to report a profit this year, as increasing costs offset rising revenue. The company expects to report a loss, before interest, taxes, depreciation and amortization, of $500,000 to $3 million, Chief Executive Officer Andy Marsh said today on a conference call. In March he predicted positive EBITDA of as much as $3 million for the year. The company has never reported a profit since its 1999 initial public offering. Plug Power Inc (NASDAQ:PLUG) weekly performance is -3.29%. On last trading day company shares ended up $3.82. Analysts mean target price for the company is $7.75. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -39.15%.
0n May 12, Orion Energy Systems Inc (NASDAQ:OESX) released its earnings data on Monday. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.40, AR Networkreports. The company had revenue of $12.60 million for the quarter, compared to the consensus estimate of $22.18 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 43.5% on a year-over-year basis. Orion Energy Systems, Inc. (NYSEMKT:OESX) shares fell -5.04% in last trading session and ended the day on $4.52 . Orion Energy Systems, Inc. (NYSEMKT:OESX) quarterly performance is -20.84%.
Qualstar Corporation (NASDAQ:QBAK) a manufacturer of data storage solutions and high-efficiency power supplies, reported financial results for its third fiscal quarter ended March 31, 2014. Revenues decreased 16.1% to $8.2 million from $9.8 million. Gross margin decreased 10% to 21.6% from 31.6%, Non-GAAP gross margin was 42.4% for the nine months ended March 31, 2014, Total operating expenses decreased 12.5% to $6.7 million from $7.7 million, excluding restructuring expenses; Restructuring expenses decreased 98.9% to $26,000 from $2.3 million; Net loss was $4.9 million or ($.40) per basic and diluted share vs $6.9 million or ($.56) per basic and diluted share, a 28.5% decrease in losses Qualstar Corporation (NASDAQ:QBAK) shares moved down -14.18% in last trading session and was closed at $1.21, while trading in range of $1.16 – $1.32. Qualstar Corporation (NASDAQ:QBAK) year to date (YTD) performance is 7.08%.
John Seely Brown, 74, Retired Chief Scientist of Xerox Corporation, retired from the Corning Incorporated (NYSE:GLW)Board of Directors following the April 29, 2014 Annual Meeting of Shareholders pursuant to the Board’s mandatory retirement policy, and after nearly 18 years as a Corning Director. Corning Incorporated (NYSE:GLW) ended the last trading day at $21.19. Company weekly volatility is calculated as 1.81% and price to cash ratio as 4.94. Corning Incorporated (NYSE:GLW) showed a positive weekly performance of 1.48%.