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  • Funding Boost: Plug Power (PLUG) Shares Skyrocket Pre-Market

    Funding Boost: Plug Power (PLUG) Shares Skyrocket Pre-Market

    Amidst the pre-market session today, Plug Power Inc. (NASDAQ: PLUG) witnesses a notable surge in shares following a significant financing revelation. As per the latest data, PLUG stock ascends by 39.79% on the US charts, reaching $4.04.

    Department Of Energy’s (DOE) Loan Commitment

    Plug Power (PLUG) secures a conditional commitment for a loan guarantee of up to $1.66 billion from the Department of Energy’s Loan Programs Office (LPO). This commitment aims to support the development, construction, and ownership of up to six green hydrogen production facilities.

    Advancing Industrial Decarbonization With Green Hydrogen

    The envisioned production facilities, to be chosen based on forthcoming procedures outlined in definitive documentation with DOE, will be strategically dispersed nationwide. Catering to major corporations, including Plug Power’s existing clientele, these facilities will provide domestically sourced low-carbon green hydrogen. The applications of this hydrogen will span material handling, transportation, and industrial sectors, contributing significantly to industrial decarbonization efforts in the United States.

    Catalyzing Clean Energy Growth

    Green hydrogen emerges as a pivotal catalyst in the journey towards industrial decarbonization. Plug Power’s pioneering efforts in this domain were highlighted earlier this year with the launch of the nation’s inaugural commercial-scale green hydrogen plant in Woodbine, Georgia. The forthcoming loan guarantee from the DOE represents a crucial stepping stone for Plug Power to amplify its impact by establishing additional green hydrogen plants.

    In collaboration with the DOE Loan Programs Office, Plug Power has undergone rigorous due diligence processes. This loan guarantee not only facilitates the expansion of Plug Power’s green hydrogen plant network but also bolsters the clean hydrogen sector within the United States.

    Driving Economic Growth And Workforce Development

    Plug Power, renowned as a premier commercial-scale manufacturer of electrolyzers, presently operates the largest proton exchange membrane (PEM) electrolyzer system in the United States at its Woodbine, Ga., hydrogen plant. With a current green hydrogen generation network boasting a liquid hydrogen production capacity of approximately 25 tons per day, Plug Power is poised to further enhance its capacity and impact.

  • Analyst Upgrade Sends Plug Power (PLUG) Stock Surging

    Analyst Upgrade Sends Plug Power (PLUG) Stock Surging

    Plug Power Inc. (NASDAQ: PLUG) experienced a significant surge in its stock value on the US stock market yesterday, registering an impressive 19.30% increase and concluding the trading session at $4.45. This upward momentum was instigated by an upgraded recommendation from the esteemed analyst firm ROTH MKM.

    On Wednesday, the analyst firm ROTH MKM elevated its recommendation for Plug Power (PLUG) stock from a “Neutral” stance to a “Buy” perspective. Concurrently, the research entity increased the stock price target from $4.50 to $9. This optimistic analyst appraisal was prompted by a significant strategic move unveiled the previous week.

    Plug Power has recently initiated operations at the largest liquid green hydrogen plant in the U.S. market, marking a distinctive achievement. This facility stands as the most extensive electrolytic liquid hydrogen production plant and the largest deployment of PEM electrolyzers in operation within the United States. It signifies a noteworthy milestone in Plug’s establishment of a vertically integrated hydrogen ecosystem.

    Notably, the plant serves as a tangible demonstration of Plug’s proprietary electrolyzer technology, affirming its reliability in generating sustainable fuel for discerning customers. Situated in Woodbine, Georgia, this state-of-the-art plant is meticulously designed to generate 15 tons per day (TPD) of liquid electrolytic hydrogen. This quantity is sufficient to power approximately 15,000 forklifts daily.

    This newly operational facility is poised to reinforce Plug’s supply of liquid hydrogen, which is currently being supplied to Plug’s prominent customers for material handling operations, fuel cell electric vehicle fleets, and stationary power applications. The addition of liquid hydrogen production, complementing the ongoing gaseous hydrogen production, is anticipated to positively impact Plug’s financial performance and usher in a significant improvement in fuel margin expansion.

    The progressive expansion of Plug’s global hydrogen network is instrumental in enabling customers to seamlessly incorporate hydrogen into their operations across diverse industries. The escalating demand for green hydrogen, recognized as a low-carbon energy source, has been particularly pronounced in challenging-to-decarbonize sectors, including heavy-duty transportation, robust manufacturing, stationary power generation, and aviation.

  • Plug Power Inc. (PLUG) Disappoints on Both Earnings & Revenue in Q1 2022 Results

    On May 9, 2022, Plug Power Inc. (PLUG) reported its financial results for the first quarter of 2022. Disappointing on both earnings and revenue miss, the stock plunged further deep in the after hours.

    Source: GP Ventures

    Investors were already worried about the results falling short of their expectations as the stock fell by over 14% before the earnings release. Thus, at the end of the regular trading, the stock was valued at $16.63 after registering a new low of $16.55. Following the worse-than-expected earnings, PLUG nosedived to a new 52-week low of $15.01 per share in the after hours. Hence, the stock subtracted a further 9.74% in the after-hours while 1.25 million shares exchanged hands. Consequently, PLUG declined 5.83% to $15.66 in pre-market on May 05, 2022.

    PLUG’s Q1 Summary

    For the first quarter of 2022, the hydrogen fuel cells turnkey solutions provider posted sales of $140.8 million. While the sales did mark a huge YOY increase of 96%, it still fell short of the expected $144.8 million for the quarter. The company deemed seasonality as the reason for the quarter’s sales. According to PLUG, the first half of a year usually represents only 30% of full-year revenue while the second half yields the remainder of 70%. Hence, the company expects better revenue in H2 2022.

    Moreover, while analysts were expecting the company to post a quarterly loss of 16 cents a share, it came out with a loss of 27 cents per share. Comparatively, the year-ago quarter’s loss was just 12 cents per share.

    The company pinned the wider loss on increased hydrogen molecule costs due to rising natural gas prices which have been affecting margins in the fuel business.

    What’s Up Ahead?

    The company expects the higher natural gas prices and hydrogen molecule costs to continue into the second quarter of 2022. To mitigate the impact of this, PLUG is working on reducing logistics costs and improving system efficiency. Furthermore, the company said it is on track to reduce service costs on a per-unit basis in the near term, continuing into 2023. With its green hydrogen plants expected to come online by 2023, PLUG expects to see a step-change in the fuel business margin profile by then.

    Conclusion

    The geopolitical crisis has sparked an uncontrollable wave of inflationary pressure as supply chain hurdles continue. Amid the rising natural gas prices, PLUG also took a hit and posted earnings that were nothing but disappointing. However, the company said it is working on mitigating the higher costs through various steps and has targets set for the upcoming 12 and 24 months.

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    In the recent times, Aviation stocks have suffered a serious crash. Covid-19 shut down the entire business. But US aviation stocks, such as United Airlines and Delta Airlines, are on the rise again. European aviation stocks are also doing well. Air France-KLM ended 2020 with a loss of €7.1 billion, but the share is rising again. And one of the best airline stocks is Ryanair. The Irish airline’s share is already above pre-corona levels. The optimism of investors must be sought in the rollout of the vaccinations and also the introduction of a kind of vaccine passport, which apparently more and more politicians are in favor.If vaccinations gain speed and everyone who wants to go on holiday by plane must be able to present proof of vaccination, more people will be triggered to actually get vaccinated.

    For Bank of America, an oil price of $100 is realistic within this and a few years. The drivers would be better fundamentals and monetary policy. Futures prices in the future are priced considerably more dearly and open interest has also risen sharply for options with a strike $100. Open interest has increased from 500 to 3,950 option contracts in one week.The rising open interest indicates an increasing number of open option contracts, a significant increase and interest from market participants. In the meantime, there are voices that OPEC + must increase production to meet (future) demand.

    It looks like Warren Buffett has been busy last year. On the one hand, Berkshire Hathaway has more than double the volume (purchases and sales) compared to 2019. This will likely have been mainly due to sector rotation, as Warren Buffett is known for its long-term investing. Unless he has suddenly become a day trader. But let’s not assume this. Berkshire Hathaway further repurchased $24.7 billion of its own shares.In the newsletter sent out by Berkshire Hathaway this weekend, it is also noticeable that the amount of cash has increased quarter after quarter in recent years. In Q4 2020, Berkshire Hathaway was on a cash mountain of $138.3 billion. In 2020, the share of financial institutions in the holding decreased their portfolio from 41% to 24%. Warren Buffett and his partner Charly Munger appear to be seeing something in the energy and telecommunications sector. A large interest was taken in Chevron and Verizon Communications.

    Today Top Movers

    NIO Limited (NIO) stock soared 5.9% to $48.48 in the pre-market trading.

    SOS Limited (NYSE: SOS) shares are trading up 28.3% at $6.12 at the time of writing.

    electroCore Inc. (ECOR) grew over 58.06% at $3.43 in pre-market trading today after declaring an exclusive distribution agreement with Medistar following regulatory approval in Australia.

    Socket Mobile Inc. (SCKT), a Computer Hardware company, rose about 42.72% at $15.0 in pre-market trading Monday. The firm today reported it has licensed SpringCard SAS core contactless technology.

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Plug Power Inc. (PLUG), upgrading the stock to “Overweight” and assigning a $65.0 price target, representing a potential upside of 34.35% from Friday’s close. 

    CME Group Inc. (CME) has won the favor of Keefe Bruyette’s equity research team. The firm upgraded the shares from Underperform to Market Perform and moved their price target to $197. 

    Spirit AeroSystems Holdings Inc. (SPR) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $50. They changed their rating on SPR to Overweight from Equal Weight in a recently issued research note. 

    Earlier Monday JP Morgan reduced its rating on Agios Pharmaceuticals Inc. (AGIO) stock to Neutral from Overweight and assigned the price target to $54. 

    Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for TechnipFMC plc (FTI) has been changed to Equal-Weight from Overweight and the new price target is set at $8.8. 

    Analysts at RBC Capital downgraded Pactiv Evergreen Inc. (PTVE)’s stock to Sector Perform from Outperform Monday.

    Latest Insider Activity

    ContextLogic Inc. (WISH) Chief Accounting Officer Just Brett announced the sale of shares taking place on Feb 24 at $19.65 for some 36,901 shares. The total came to more than $0.73 million. 

    Walmart Inc. (WMT) Director WALTON S ROBSON sold on Feb 26 a total of 356,175,368 shares at $130.64 on average. The insider’s sale generated proceeds of almost $92.81 million. 

    Macy’s Inc. (M) Director VARGA PAUL C declared the purchase of shares taking place on Feb 26 at $15.25 for some 13,115 shares. The transaction amount was around $0.2 million. 

    Coeur Mining Inc. (CDE) Chairman (non-executive) MELLOR ROBERT E bought on Feb 24 a total 185,233 shares at $10.53 on average. The purchase cost the insider an estimated $10,530.

    Important Earnings

    Top US earnings releases scheduled for today include Workhorse Group Inc. (NASDAQ: WKHS). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.13 per share from revenues of $1.32M in the three-month period. 

    Analysts expect Perrigo Company plc (PRGO) to report a net income (adjusted) of $1.00 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $1.32B. 

    Inovio Pharmaceuticals, Inc. (INO), due to announce earnings after the market closes today, is expected to report earnings of -$0.22 per share from revenues of $1.11M recently concluded in a three-month period.

  • Early Morning Vibes: 4 Stocks You Should Watch Immediately

    Early Morning Vibes: 4 Stocks You Should Watch Immediately

    The S&P 500 rose 1.14% to 3,925 points yesterday while the Nasdaq 100 was up only 0.81%. Over the years, the Nasdaq 100 has actually become more volatile than the S&P 500. This higher beta now appears to have temporarily disappeared. In the article about sector rotation , you can read how you can apply the sector rotation to your portfolio yourself. The Dow Jones also rose noticeably more than the Nasdaq 100 and S&P 500 yesterday. The Dow closed at a new all-time high of 31,961 points, which was a daily result of plus 1.35%. The strong rise of heavyweights Boeing and Chevron was the basis here.

    In short, some of the money that is used to help people and companies in difficulty ends up on the stock exchange. Higher liquidity usually means higher stock market prices. Central bank policies have an inflationary effect on stocks and other assets such as real estate. The survey also shows that investors are extremely positive about the stock market. At the same time, we hear Charlie Munger, the strong man next to Warren Buffett, warn of a new bubble. This brings us straight to GameStop. The share of the American computer game retailer exploded again yesterday. 

    The roll-out of the vaccination program appears to be gaining momentum. An interesting study has taken place in Israel on the Pfizer-BioNTech vaccine. Of course we already know the results of the clinical studies, but it is always a question of how well the vaccines hold up in real situations. The Israeli study followed 1.2 million people of which nearly 600,000 received the Pfizer-BioNTech vaccine. 

    Two shots were administered. The scientists were surprised that the symptomatic effectiveness was 94%. Hospitalization fell by 87%.Moreover, a quarter of the people who were followed were over 60 years old. Experts expect that with such results, we can achieve global immunity when 60 to 70% of the population is vaccinated. Pfizer stock did not respond to the news.

    Today Top Movers

    Cross Country Healthcare Inc. (NASDAQ: CCRN) shares are trading up 27.04% at $12.78 at the time of writing after releasing fourth quarter and full year 2020 financial results. 

    Sundial Growers Inc. (SNDL) stock soared 11.72% to $1.62 in the pre-market trading. SNDL and Indiva Limited announce the closing of the previously announced $22,000,000 strategic investment (the “Investment”) into Indiva by Sundial. 

    AMC Entertainment Holdings Inc. (AMC) grew over 17.49% at $10.68 in pre-market trading today as the social media hype was created recently to influence investors sentiment. 

    GameStop Corp. (GME), a Specialty Retail company, rose about 57.56% at $144.5 in pre-market trading Thursday as on social media, a hype has been playing key role to affect investors with the intent of swaying their decision.

    Top Upgrades & Downgrades

    UBS turned bullish on AstraZeneca PLC (AZN), upgrading the stock to “Buy”. 

    Sunrun Inc. (RUN) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $79.0, suggesting 26.28% additional upside for the stock. 

    Banco Bilbao Vizcaya Argentaria S.A. (BBVA) received an upgrade from analysts at Jefferies. They changed their rating on BBVA to Buy from Hold in a recently issued research note. 

    Earlier Thursday Credit Suisse reduced its rating on Lennox International Inc. (LII) stock to Underperform from Neutral and assigned the price target to $285. 

    Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for NeoGenomics Inc. (NEO) has been changed to Equal Weight from Overweight and the new price target is set at $14. 

    Analysts at BMO Capital downgraded Chuy’s Holdings Inc. (CHUY)’s stock to Market Perform from Outperform Thursday.

    Latest Insider Activity

    Hess Corporation (HES) Chief Executive Officer HESS JOHN B announced the sale of shares taking place on Feb 23 at $66.73 for some 200,000 shares. The total came to more than $13.35 million. 

    Fortive Corporation (FTV) SVP – Human Resources Walker Stacey A. sold on Feb 23 a total 24,259 shares at $67.23 on average. The insider’s sale generated proceeds of almost $0.12 million. 

    Chevron Corporation (CVX) Director HEWSON MARILLYN A declared the purchase of shares taking place on Feb 18 at $95.21 for some 3,200 shares. The transaction amount was around $0.3 million. 

    AIM ImmunoTech Inc. (AIM) CEO & President EQUELS THOMAS K. bought on Feb 24 a total 209,630 shares at $2.26 on average. The purchase cost the insider an estimated $25,000.

    Important Earnings

    Top US earnings releases scheduled for today include Moderna Inc. (NASDAQ: MRNA). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.35 per share from revenues of $279.41M in the three-month period. 

    Analysts expect Plug Power Inc. (NASDAQ: PLUG) to report a net income (adjusted) of -$0.1 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $87.32M. 

    Southwestern Energy Company (SWN), due to announce earnings after the market closes today, is expected to report earnings of $0.14 per share from revenues of $701.09M recently concluded three-month period.

  • Early Morning Vibes: Watch These 4 Stocks Today

    The US stock indexes were traded in small ranges on January 12. The S&P 500 has risen symbolically by 0.04% to 3801 points, with the Dow Jones and the NASDAQ contributing 0.19% and 0.28%, respectively. New drivers have been absent. The Russel 2000 small-cap index nevertheless increased by 1.77 percent, which indicates an increased propensity for risk. The energy industry was the pioneer in growth and has benefited 3.5% from the upward oil dynamics. The telecom market has sunk by 1.5 percent under pressure.

    Corporate Updates

    Walmart (WMT: + 1.15%) announced plans to create a fintech startup in partnership with venture capital fund Ribbit Capital, which backs broker Robinhood.

    Intel (INTC: + 3.3%) will increase production of new server processors. The company also unveiled 12th generation Alder Lake processors.

    Sports streaming service fuboTV (FUBO: + 34.2%) takes over the Vigtory bookmaker to launch its own bookmaker service by the end of the year.

    Today, foreign financial markets show mixed trends. The background of the news is quiet. Current activities in the United States linked to Donald Trump’s potential arrest had little impact on the movement of quotes as they does not conflict with the vaccine programme. The administration of Trump has meanwhile revealed reforms to promote the vaccine process. The key point of these improvements was that the second dose vaccine was spread rather than stored for two weeks. The list of people who will get the coronavirus vaccine has risen and there will be a substantial rise in the number of vaccination stations. The financial group is currently less concerned with morbidity and hospitalization rates. On 6 January the last maximum number of people injured was 132,5 thousand.

    Investors took a wait-and-see stance before big developments on Thursday and Friday. Note that on 14 January Joseph Biden will deliver a package of economic support initiatives and the season of quarterly bank reports will commence on 15 January. Consolidation is most likely in this regard during the current session.

    Economic news

    The December Core CPI will be published today. In November, the growth of the indicator is forecast to decline from 0.2% to 0.1% m/m. Despite substantial monetary and fiscal stimuli, inflationary pressures are expected to stay subdued in the short term. The second half of this year is expected to see a steady acceleration of inflation. The Sentiment Index of Freedom Finance plummeted to 58 out of 100. The measure represents the belief of industry players that the global economy will rebound in 2021. The possibility of mass vaccines alleviates fears over the harmful consequences of the coronavirus pandemic.

    Technical picture

    The S&P 500 is technically vulnerable to short-term consolidation. The day before, there was no effort to establish a correctional movement: buyers were solid. However, the RSI indicator remains close to the overbought zone, which still limits the growth prospects. Besides, in the area of ​​3825-3830 points, there is strong resistance in the form of the upper border of the equidistant channel. If a corrective movement develops, the first significant target for the S & P500 will be the level of 3700 points.

    Today Top Movers

    ‎Aprea Therapeutics Inc (APRE) gained over 18.13% at $6.06 in pre-market ‎trading on Wednesday after the company provided financial updates.

    ‎ ‎‎Plug Power Inc (PLUG) share price jumped 3.53% to $68.35 during the early morning ‎trading session on Wednesday after declaring a partnership with Renault, a French automaker, to become a leader in Hydrogen LCV.‎ ‎

    ‎Tonix Pharmaceuticals Holding Corp (TNXP), a biotechnology company, soared ‎about 30.81% ‎at $1.21 in pre-market trading Wednesday following the pricing $40M common stock offering.‎‎‎ ‎‎

    ‎Fluent Inc (FLNT) stock ascended 12.15% at $6.00 in the pre-‎market trading today.‎

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Exxon Mobil Corporation (XOM), upgrading the stock to “Overweight” and assigning a $56.0 price target, representing a potential upside of 16.97% from Tuesday’s close. 

    Sabra Health Care REIT Inc. (SBRA) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $20.0, suggesting 17.03% additional upside for the stock. 

    Omega Healthcare Investors Inc. (OHI) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $40.0. They changed their rating on OHI to Buy from Hold in a recently issued research note. 

    Earlier Wednesday KeyBanc reduced its rating on Take-Two Interactive Software Inc. (TTWO) stock to Sector Weight from Overweight. 

    Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for The PNC Financial Services Group Inc. (PNC) has been changed to Neutral from Overweight and the new price target is set at $167. 

    Analysts at HSBC downgraded DuPont de Nemours Inc. (DD)’s stock to Hold from Buy Wednesday.

    Latest Insider Activity

    Tyme Technologies Inc. (TYME) 10% Owner Demurjian Michael announced the sale of shares taking place on Jan 11 at $1.62 for some 20,000 shares. The total came to more than $32426.

    Hecla Mining Company (HL) Director Rogers Terry V sold on Jan 08 a total 48,103 shares at $6.25 on average. The insider’s sale generated proceeds of almost $0.28 million.

    Foot Locker Inc. (FL) 10% Owner Vesa Equity Investment S.a r.l declared the purchase of shares taking place on Jan 04 at $39.00 for some 8,581 shares. The transaction amount was around $0.33 million.

    DermTech Inc. (DMTK) 10% Owner RTW INVESTMENTS, LP bought on Jan 07 a total 3,087,216 shares at $29.50 on average. The purchase cost the insider an estimated $5.9 million.

    Important Earnings

    Top US earnings releases scheduled for today include Infosys Limited (NYSE: INFY). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.15 per share from revenues of $3.38B in the three-month period.

    Analysts expect Washington Federal Inc. (NASDAQ:WAFD) to report a net income (adjusted) of $0.42 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $115.53M.

    Volt Information Sciences Inc. (VOLT), due to announce earnings after the market closes today, is expected to report earnings of $0.01 per share from revenues of $205.5M recently concluded three-month period.

  • Early Morning Vibes: 4 Stocks We Like for Thursday

    Early Morning Vibes: 4 Stocks We Like for Thursday

    These are turbulent times in America. Trump supporters swept into the Capitol, the seat of Washington’s representatives. Things got so bad in the capital of the United States that Donald Trump’s social media accounts were suspended by Twitter and Facebook. In an initial reaction, the American indices fell. But these seem to have recovered significantly this morning. The reason for the event is a possible blue wave as the Democrats seem to be bringing in the Senate. In this way Biden will be able to fulfill much more of his political agenda. Deutsche Bank has already announced that they expect additional stimulus from this victory. The German bank expects that the additional support package for the coming year could be between $ 750 billion and $ 1 trillion. Good for US equities, bad for the value of the US dollar.

    Market Update

    Yesterday the S&P 500 rose 0.57% to close at 3,748 points. The Nasdaq 100 fell 1.40% to close at 12,623 points. Not a very good day for technology stocks. America’s oldest index, the Dow Jones, closed 1.44% in green at 30,829 points.

    Corporate News

    NVIDIA all set for takeover

    NVIDIA, the manufacturer of computer components, has made an offer of $ 40 billion for the technology company Arm. The latter is the UK’s most valuable technology company. NVIDIA has announced that they would like to keep the headquarters in the United Kingdom and fully focus on AI (artificial intelligence) via Arm. The British government has already announced that they want guarantees about permanent employment. Furthermore, the CMA (Competition and Markets Authority) also has a leading role to play after Brexit. Previously, the wings of this UK institution had been cut short by European regulators. The CMA will consider whether this acquisition would create unfair competition and will reach a decision within 18 months at the earliest. The NVIDIA stock is listed on Nasdaq, falling 5.90% yesterday during regular trading time.

    Today Top Movers

    Plug Power Inc (PLUG) climbed about 19.91% ‎at $42.00 in pre-market trading Thursday after declaring partnership with SK Group to receive $1.5 billion investment. ‎

    Sos Ltd (SOS), a Medical Care Facilities company, share price soared 97.09% to $3.39 during early morning ‎trading session on Thursday following an announcement from the company that SOS has entered into employment agreement with Dr. Eric H. Yan, an expert in cryptocurrency mining, security and insurance technologies. ‎

    Guardion Health Sciences Inc (GHSI) stock ascended 17.94% at $0.77 in the pre-‎market trading today. ‎

    Future Fintech Group Inc (FTFT) gained over 55.95% at $.62 in pre-market ‎trading on Thursday.‎ The firm recently revealed that it has signed a term sheet with Blocknance Financial International SRL.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on Tesla Inc. (TSLA), upgrading the stock to “Sector Perform” and assigning a $700.0 price target. 

    Wells Fargo & Company (WFC) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved its price target to $38.0. 

    JPMorgan Chase & Co. (JPM) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $152.0. They changed their rating on JPM to Buy from Hold in a recently issued research note. 

    Earlier Thursday Jefferies reduced its rating on Air Products and Chemicals Inc. (APD) stock to Hold from Buy and assigned the price target to $324. 

    Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Aerojet Rocketdyne Holdings Inc. (AJRD) has been changed to Hold from Buy and the new price target is set at $56.0. 

    Analysts at Jefferies downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    Yelp Inc. (YELP) Chief Executive Officer Stoppelman Jeremy announced the sale of shares taking place on Jan 04 at $29.98 for some 346,830 shares. The total came to more than $10.4 million. 

    The Charles Schwab Corporation (SCHW) Senior EVP Craig Jonathan M. sold on Jan 06 a total of 7,316 shares at $55.94 on average. The insider’s sale generated proceeds of almost $0.41 million. 

    Ring Energy Inc. (REI) 10% Owner Kruse William R declared the purchase of shares taking place on Dec 31 at $0.67 for some 619,898 shares. The transaction amount was around $0.41 million. 

    First Financial Bancorp. (FFBC) Director Rahe Maribeth S bought on Dec 31 a total 41,769 shares at $17.53 on average. The purchase cost the insider an estimated $12,499.

    Important Earnings

    Top US earnings releases scheduled for Monday include SYNNEX Corporation (NYSE: SNX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $3.83 per share from revenues of $6.6B in the three-month period. 

    Analysts expect Limoneira Company (NASDAQ: LMNR) to report a net income (adjusted) of -$0.21 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2020 is predicted to come in at $29.19M. 

    Concentrix Corporation (CNXC), due to announce earnings after the market closes Monday, is expected to report earnings of $1.98 per share from revenues of $1.24B recently concluded three-month period.

  • Early Morning Vibes: Top 3 Stocks To Watch Right Now

    Early Morning Vibes: Top 3 Stocks To Watch Right Now

    Trading on December 30 at American stock markets ended in the green zone. The S&P 500 Index rose 0.13% to 3732 points, the Dow Jones rose 0.24%, the NASDAQ added 0.15%. The trades were held in a narrow range. The UK as expected approved AstraZeneca’s vaccine, leading to relative strength in cyclical sectors, with the energy sector growing 1.6% and the raw materials sector 1.3%. FAANG shares were down more than 1%.

    Company news

    Tesla (TSLA:+4.3%) will allow autonomous driving for three months free of charge. In addition, the Wedbush analyst noted that the target for sales of 500 thousand electric cars in 2020 can be achieved.

    The board of directors of Chinese retail giant JD.com (JD: + 3.9%) has allowed the company to consider spinning off its cloud business into a separate company.

    Today’s Outlook

    Today the global stock markets show mostly sideways dynamics. The news background remains calm. Senate Majority Leader McConnell’s rhetoric reaffirms speculation that the idea of raising direct payments to Americans from $600 to $2,000 will be heavily resisted in the Senate vote. Many Republicans question the effectiveness of this initiative. The increase in payments will lead to an increase in the national debt by more than $ 460 billion, but only a small part of this amount will be received by the neediest segments of the population. Nevertheless, ongoing fiscal support plays a key role in the economic recovery.
     

    The head of Operation Warp Speed, which is in charge of the vaccine campaign, said the vaccine, created by AstraZeneca and Oxford University, will not receive US approval until April. The expert points to the mixed results of clinical trials and a strong difference in the effectiveness of the vaccine depending on the modes of use. The company is currently conducting additional trials in the United States. However, optimism about the various vaccines and their ability to withstand the coronavirus remains heightened. Trading activity will decline on New Year’s Eve, although the US session will not be as short as it was on Christmas Eve.

    Economic news:

    Today there are weekly data on the number of applications for unemployment benefits. The forecast assumes an increase in the indicator by 30 thousand, up to 833 thousand in comparison with the result of the previous five days. The US economy is still under pressure from quarantine measures, in connection with which the business continues to actively optimize the number of employees.

    Today Top Movers

    ‎Aikido Pharma Inc (AIKI) stock ascended 40.69% at $1.21 in the pre-‎market trading today.‎‎ ‎

    Castor Maritime Inc (CTRM) share price soared 50.34% to $0.35 during early morning ‎trading session on Thursday following the receipt of a notification letter from the Nasdaq granting the Company an additional 180-day extension.‎‎ ‎

    Red Lion Hotels Corp (RLH), a Lodging company, jumped about 30.00% ‎at $3.51 in pre-‎market trading Thursday after declaring a definitive merger agreement with Sonesta International Hotels Corporation.

    Top Upgrades & Downgrades

    Credit Suisse turned bullish on Brown & Brown, Inc. (NYSE: BRO), reiterating the stock at “Neutral” but lifting the target from $47 to $50, representing potential upside of 8.10% from Wednesday’s close.
     

    JP Morgan turned bullish on Apartment Income REIT Corp (NYSE: AIRC), initiating the stock at “Neutral” and assigning the target to $43, representing potential upside of 12.00% from Wednesday’s close.
     

    AlphaValue turned bullish on Weibo Corp (NASDAQ: WB), downgrading the ‎stock to “Hold” from Buy and assigning a $44.65 price target.

    Latest Insider Activity

    Tesla Inc. (TSLA) SVP Powertrain and Energy Eng. Baglino Andrew D announced the sale of shares taking place on Dec 28 at $674.68 for some 1,500 shares. The total came to more than $1.01 million.
     

    Plug Power Inc. (PLUG) Director Kenausis Gregory sold on Dec 28 a total 89,169 shares at $34.65 on average. The insider’s sale generated proceeds of almost $1.91 million.
     

    PDL BioPharma Inc. (PDLI) 10% Owner Silver Point Capital L.P. declared the purchase of shares taking place on Dec 29 at $2.69 for some 268,600 shares. The transaction amount was around $0.72 million.
     

    Conifer Holdings Inc. (CNFR) Director WILLIAMS R JAMISON JR bought on Dec 29 a total 405,458 shares at $2.62 on average. The purchase cost the insider an estimated $26,200.

  • Market Movers: What changed for these 21 stocks while you were sleeping

    Market Movers: What changed for these 21 stocks while you were sleeping

    ‎Greenpro Capital Corp. (GRNQ), a Conglomerates company, dropped about -‎‎5.88% ‎at $1.76 in pre-market trading Tuesday after announcing Bitcoin fund.‎

    ‎ATIF Holdings Limited (ATIF) stock plunged -8.51% to $0.9698 in the pre-‎market ‎trading.‎

    ‎Bionano Genomics Inc. (BNGO) stock soared 8.57% to $0.96 in the pre-‎market ‎trading after declaring that Praxis Genomics, LLC received accreditation from the College of ‎American ‎Pathologists (CAP). The most recent rating by Ladenburg Thalmann, on September 24, 2020, ‎is a Buy. ‎

    ‎Zomedica Corp. (AMEX: ZOM) shares are trading up 4.5% at $0.2625 at the ‎time ‎of ‎writing. Company’s 52-week ranged between $0.06 to $0.50.‎

    ‎Nano Dimension Ltd. (NASDAQ: NNDM) shares are trading up 5.52% at $8.6 at ‎the ‎time of writing after pricing $250 million registered direct offering. ‎Company’s 52-week ‎ranged ‎between $0.51 to $10.49. Analysts have a consensus price target of $8. ‎

    ‎Jaguar Health Inc. (JAGX) stock moved down -2.88 percent to $0.7325 in the pre-‎‎market trading.‎

    ‎Ideanomics Inc. (IDEX), a Software – Application company, rose about 4.27% at ‎‎$2.44 ‎in pre-market trading Tuesday following the declaration the signing of an agreement of its ‎Mobile ‎Energy Global (“MEG”) and contracting entity Qingdao Chengyang Medici with Meihao ‎Chuxing, a joint ‎venture between BYD and Didi, to purchase an initial 2,000 units of model BYD D1. ‎

    ‎Alibaba Group Holding Limited (BABA) is up more than 3.64% at $230.45 in pre-‎‎‎market hours Tuesday December 29, 2020. The stock had jumped over 0.16% to $222.36 in ‎the ‎last ‎trading session.‎

    Before the trading started on December 29, 2020, FuelCell Energy Inc. (FCEL) is ‎up ‎‎2.3% to reach $11.81. It has been trading in a 52-week range of $0.84 to $13.91.‎

    ‎AeroCentury Corp. (ACY) lost over -25.7% at $10.29 in pre-market trading ‎Tuesday ‎December 29, 2020 following the update of listing standards compliance.‎

    ‎Color Star Technology Co. Ltd. (CSCW) is down more than -9.21% at $0.69 in pre-‎‎‎market hours Tuesday December 29, 2020. The stock had jumped over 7.04% to $0.76 in ‎the ‎last ‎trading session.‎

    Before the trading started on December 29, 2020, Guardion Health Sciences ‎Inc. ‎‎(GHSI) is up 14.83% to reach $0.36. The firm recently reported the appointment of ‎Bret ‎Scholtes, as its President and Chief Executive Officer, and as a member of the Board of Directors. ‎He is ‎a veteran of the nutritional products industry for nearly a decade. It has been trading in a 52-‎week ‎range of $0.17 to $0.74.‎

    ‎Nokia Corporation (NOK) stock soared 2.31% to $3.99 in the pre-market ‎trading ‎after reporting that it has been selected by Thailand’s dtac as its first 5G partner.‎ The most ‎recent ‎rating by Exane BNP Paribas, on October 30, 2020, is a Neutral. ‎

    Before the trading started on December 29, 2020, Acasti Pharma Inc. (ACST) is ‎up ‎‎7.32% to reach $0.3343. It has been trading in a 52-week range of $0.17 to $2.75.‎

    ‎RMG Acquisition Corp. (RMG) grew over 2.1% at $32.61 in pre-market trading ‎today ‎following the stockholder approval of business combination with Romeo Systems, Inc. with ‎no ‎redemptions.‎

    ‎Aprea Therapeutics Inc. (APRE), a Biotechnology company, rose about 4.73% ‎at ‎‎$5.76 in pre-market trading Tuesday after declaring results of primary endpoint from Phase 3 trial ‎of ‎Eprenetapopt in TP53 Mutant Myelodysplastic Syndromes (MDS).‎

    ‎MicroVision Inc. (NASDAQ: MVIS) shares are trading up 6.41% at $7.14 at ‎the ‎time ‎of writing. Company’s 52-week ranged between $0.15 to $9.74. Analysts have a consensus ‎price ‎target ‎of $4.50.‎

    ‎China Recycling Energy Corporation (CREG) is down more than -2.23% at $5.7 in pre-‎‎market hours Tuesday December 29, 2020 after revealing that it has entered into agreement to ‎acquire ‎Xi’an Taiying Energy Saving Technology ‎Co., Ltd..‎. The stock had jumped over 31.31% to $5.83 in ‎the last ‎trading session. ‎

    ‎BIOLASE Inc. (BIOL) stock moved up 25.44 percent to $0.6021 in the pre-‎market ‎trading.‎

    ‎Borr Drilling Limited (BORR), a Oil & Gas Drilling company, rose about 4.66% ‎at ‎‎$0.854 in pre-market trading Tuesday after reporting the appointment of Mr. Magnus Vaaler as its ‎new ‎Chief Financial Officer. He will replace Mr. Christoph Bausch.‎

    ‎Onconova Therapeutics Inc. (NASDAQ: ONTX) shares are trading up 3.68% ‎at ‎‎$0.465 ‎at the time of writing. Company’s 52-week ranged between $0.19 to $1.56. Analysts have ‎a ‎consensus ‎price target of $7.50.‎

  • Pre-Market Cues: 24 Stocks Roaring for Change On December 28th

    Pre-Market Cues: 24 Stocks Roaring for Change On December 28th

    ‎Avinger Inc. (AVGR) stock plunged -7.38% to $0.4445 in the pre-market trading. The ‎most recent rating by Ladenburg Thalmann, on March 09, 2018, is a Buy. The company lately ‎announced annual meeting results.‎

    ‎Jaguar Health Inc. (JAGX) is up more than 16.5% at $0.833 in pre-market ‎hours ‎Monday December 28, 2020 after signing second agreement for $6 million non-dilutive ‎financing ‎transaction involving the sale of royalty rights. The stock had dropped over -33.18% to $0.71 ‎in the last ‎trading session.‎

    ‎Ocugen Inc. (NASDAQ: OCGN) shares are trading up 52.84% at $2.69 at the time of ‎writing. Company’s 52-week ranged between $0.17 to $3.05.‎

    ‎Senseonics Holdings Inc. (SENS) tumbled over -13.63% at $0.786 in pre-market ‎trading today after declaring financial and operational business updates.‎

    ‎Naked Brand Group Limited (NAKD), a Apparel Manufacturing company, rose about ‎‎2.63% at $0.2145 in pre-market trading Monday after reporting that it has been granted an additional ‎‎180-day period, or until May 24, 2021.‎

    ‎Zomedica Corp. (ZOM) gained over 13.05% at $0.259 in pre-market trading Monday ‎December 28, 2020.‎

    Before the trading started on December 28, 2020, Sundial Growers Inc. (SNDL) is up ‎‎9.23% to reach $0.517. The company today declared concentrates license agreement with Simply ‎Solventless. It has been trading in a 52-week range of $0.14 to $3.88.‎

    ‎Acasti Pharma Inc. (ACST) stock soared 14.17% to $0.377 in the pre-market trading. ‎The most recent rating by Oppenheimer, on September 01, 2020, is a Perform.‎

    ‎Camber Energy Inc. (AMEX: CEI) shares are trading down -7.62% at $0.97 at the time ‎of writing. Company’s 52-week ranged between $0.46 to $4.10.‎

    ‎NIO Limited (NIO), a Auto Manufacturers company, rose about 1.92% at $46.65 in ‎pre-market trading Monday.‎

    ‎FuelCell Energy Inc. (FCEL) stock moved up 10.0 percent to $13.53 in the pre-market ‎trading.‎

    ‎Tonix Pharmaceuticals Holding Corp. (TNXP) gained over 7.86% at $0.7173 in pre-‎market trading Monday December 28, 2020. The firm recently revealed that it has completed the ‎purchase of an approximately 44-acre site in Hamilton, Montana, for the construction of a vaccine ‎development and commercial scale manufacturing facility. ‎

    ‎Guardion Health Sciences Inc. (GHSI) is down more than -9.47% at $0.3097 in pre-‎market hours Monday December 28, 2020. The stock had dropped over -7.89% to $0.34 in the last ‎trading session.‎

    Before the trading started on December 28, 2020, Color Star Technology Co. Ltd. ‎‎(CSCW) is up 30.76% to reach $0.9284. It has been trading in a 52-week range of $0.31 to ‎‎$2.06.‎

    ‎Ampio Pharmaceuticals Inc. (AMPE) stock soared 8.49% to $2.3 in the pre-market ‎trading. The most recent rating by ROTH Capital, on December 19, 2019, is a Buy.‎

    ‎Blink Charging Co. (BLNK), a Specialty Retail company, rose about 4.24% at $51.6 in ‎pre-market trading Monday.‎

    ‎Nikola Corporation (NKLA) stock moved up 2.18 percent to $14.05 in the pre-market ‎trading.‎

    ‎Onconova Therapeutics Inc. (ONTX) gained over 3.39% at $0.4905 in pre-market ‎trading Monday December 28, 2020.‎

    Before the trading started on December 28, 2020, MicroVision Inc. (MVIS) is up ‎‎4.43% to reach $6.84. It has been trading in a 52-week range of $0.15 to $9.74.‎

    ‎Nano Dimension Ltd. (NNDM) stock plunged -13.51% to $7.62 in the pre-market ‎trading after pricing $250 million registered direct offering. The most recent rating by Maxim Group, on ‎October 21, 2016, is a Buy.‎

    ‎Plug Power Inc. (NASDAQ: PLUG) shares are trading up 5.37% at $37.49 at the time ‎of writing. Company’s 52-week ranged between $2.53 to $37.11. Analysts have a consensus price ‎target of $24.‎

    ‎Marathon Patent Group Inc. (MARA) grew over 31.23% at $14.33 in pre-market ‎trading today.‎

    ‎Riot Blockchain Inc. (RIOT), a Software – Application company, rose about 18.22% at ‎‎$15.51 in pre-market trading Monday.‎

    ‎Marathon Oil Corporation (MRO) stock moved up 3.32 percent to $6.85 in the pre-‎market trading.‎