Citron Research has issued a Stocklemon report on the high-flying Plug Power Inc. (NASDAQ: PLUG). Power Inc (NASDAQ:PLUG) stock opened at $11.44 in last session, and closed at $6.03, while the day range of PLUG stock is $5.95-$11.72.The stock showed a positive weekly performance of -9.87%.
The decision of the Supreme Court has its origin in 2011, when American Superconductor Corporation (NASDAQ:AMSC) had dragged Sinovel to court, citing alleged violation of contract and a systematic and intentional impinging on its patent rights. The firms are also engaged in an additional trade secret case which is also pending in the Chinese courts. The fourth case between the two firms relates to a arbitration case related to a commercial dispute. If American Superconductor Corporation (NASDAQ:AMSC) manages to prevail over its former partners in the patent violation case, the firm is likely to win damages of close to $6 million.American Superconductor Corporation (NASDAQ:AMSC) stock opened at $2.23, in last session and closed at $2.31, by gained 5.96%. The 52 week range was $1.37-$3.06.Company’s market capitalization is $157.40 million.
MeetMe Inc. (NYSEMKT:MEET) which is a leading social network, used for meeting new people announced it expects revenue for its fourth quarter to come in at $13 million which will be an increase of 12% compared to the same quarter the prior year. Despite the positive expectations on its earnings, the company stock is still rated as a “Sell” in the market with the company showing signs of weakness in some of its key areas.MeetMe Inc (NYSEMKT:MEET) stock loosed -15.11% and finished the last session at $3.54. The EPS of the stock remained -0.34.Company’s market capitalization is $136.21 million.
On Feburary 14th 2014 the Chinese government announced its renewed 2020 target for SemiLEDs Corporation (NASDAQ:LEDS) production at $164 billion, which is almost double its target set for five years ending 2015. This means larger business growth for all players within this sector including SemiLEDs Corporation (NASDAQ:LEDS). SemiLEDs Corporation (NASDAQ:LEDS) stock opened the session at $1.37, and closed the session at $1.42. The 52 week range of the LEDS stock remained $0.79-$2.44 and the day range was $1.37-$1.66.