Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="11949096" type="UNKNOWN" weightage="60" keywordseo="plug-power" source="Orion">Plug Power</keyword> surged 13% on Wednesday after the company inked <keyword id="12306414" type="UNKNOWN" weightage="60" keywordseo="hydrogen" source="Orion">hydrogen</keyword> partnerships with Airbus and Phillips 66.</li><li>The hydrogen fuel-cell developer will work with Airbus on a hydrogen-powered airport feasibility study.</li><li>Plug Power also said it signed a MOU with Phillips 66 to collaborate on hydrogen business opportunities.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> surged as much as 13% on Wednesday after the hydrogen fuel-cell developer said it inked partnerships with Airbus and <a href="https://markets.businessinsider.com/stocks/psx-stock">Phillips 66</a>.The Latham, NY-based company <a href="https://finance.yahoo.com/news/plug-power-partners-airbus-landmark-110700898.html">partnered with Airbus</a> to conduct a feasibility study of bringing hydrogen to future aircraft and airports. Airbus is working towards a goal of bringing zero-emission aircraft to market by 2035, and it thinks hydrogen could play a role in that goal.Airbus will work closely with Plug Power to develop a joint study and roadmap that could deliver hydrogen to aircraft and the airport ecosystem in the future. Plug Power will build deployment scenarios for green hydrogen infrastructure at airports, while Airbus will provide insight on hydrogen aircraft characteristics."This partnership with Plug Power will enable us to leverage their expertise to decarbonize airports while preparing them for the arrival of hydrogen aircraft by 2035," Airbus Vice-President Glenn Llewellyn said.Separately, Plug Power <a href="https://www.globenewswire.com/news-release/2021/10/13/2313414/9619/en/Phillips-66-Plug-Power-Sign-Agreement-to-Advance-Green-Hydrogen.html">signed a memorandum of understanding</a> to collaborate on the development of hydrogen-based business opportunities with Phillips 66, a diversified oil refiner that also operates retail gas stations.The companies will explore how to deploy Plug Power's technology within Phillips 66's operations, including scaling hydrogen into the industrial sector, advancing hydrogen fueling opportunities, and developing hydrogen-related infrastructure.Also aiding to a boost in Plug Power's stock on Wednesday is an upgrade from <a href="https://markets.businessinsider.com/stocks/ms-stock">Morgan Stanley</a>. The bank raised its price target on Plug Power to $40 from $35, representing potential upside of 34%, and upgraded it to "Overweight" from "Equal-weight." <div type="image" title="Plug Power stock price" height="536" width="630" msid="86995010" hostid="261"></div>

Plug Power jumps 13% after it partners with Airbus to study and develop hydrogen-powered air travel

<ul><li><keyword id="274261" type="COMPANY" weightage="60" keywordseo="Plug-Power">Plug Power</keyword> soared 20% on Tuesday after the company entered a joint venture with Renault to develop hydrogen powered commercial vehicles and taxis.</li><li>The venture will be based in France and is set to launch in the first half of 2021.</li><li>Shares of Plug Power traded at levels not seen since 2006.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell" target="_blank" rel="noopener noreferrer">Sign up here our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> soared as much as 20% on Tuesday after <a href="https://www.globenewswire.com/news-release/2021/01/12/2157005/0/en/Groupe-Renault-Plug-Power-Join-Forces-to-Become-Leader-in-Hydrogen-LCV.html">Renault said</a> the two companies would form a joint venture to develop hydrogen powered commercial vehicles and taxis.Plug Power traded to levels not seen since 2006 on the news, hitting a high of $65.45 in Tuesday trades.The 50/50 joint venture will be based in France and is set to launch by the end of the first half of 2021, according to Renault. Plug Power and Renault expect to begin commercializing hydrogen powered light commercial vehicles by the end of 2021 with pilot fleet deployments.Research and development, manufacturing, and sales will be the three core pieces of the joint venture, and the first area of focus will be the heavy van market. "We look forward to working with our new partners to combine our technology with their decades long experience leading the European automotive market," Plug Power CEO Andy Marsh said.Shares of Plug Power have surged 1,450% over the past year, in part on prospects of a more robust green energy agenda under a Joe Biden presidency.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-strongest-sales-growth-2021-goldman-sachs-2021-1?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener noreferrer">Goldman Sachs says to buy these 29 stocks poised to deliver the strongest sales growth through year-end</a><div type="image" title="plug.JPG" height="628" width="841" msid="80236581" hostid="261"></div>

Plug Power jumps 20% on joint venture with Renault to develop hydrogen vehicles

<ul><li><keyword id="274261" type="COMPANY" weightage="60" keywordseo="Plug-Power">Plug Power</keyword> fell 7% on Thursday after JPMorgan initiated the hydrogen fuel-cell manufacturer at "neutral" with a $60 price target, representing potential downside of 14% from Wednesdays close.</li><li>Despite the downside price target, JPMorgan believes Plug Power is a first-mover in what represents a "massive market opportunity" that could be worth $200 billion.</li><li>Plug Power is "fully-valued but a must own in the hydrogen space," JPMorgan said.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>. </li></ul><a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> fell as much as 7% on Thursday after JPMorgan said the hydrogen fuel-cell leader is "fully-valued but a must own in the hydrogen space."JPMorgan initiated Plug Power at a "neutral" rating with a $60 price target, representing downside potential of 14% from Wednesday's close. The price target is based on a discounted 2024 market cap derived from a 60-times enterprise value-to-2025 EBITDA forecast of $534 million. Shares of Plug Power have been on a tear in recent months, and year-to-date Plug Power is up 105% as of Wednesday's close.Plug Power is a first-mover in the hydrogen space, having developed proven proton exchange membrane technology that powers logistic vehicles for first-rate customers like <a href="https://markets.businessinsider.com/stocks/wmt-stock">Walmart</a> and <a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a>. The company is capitalizing on what could be a $200 billion total addressable market, JPMorgan said.Plug Power has a strong balance sheet and planned production scale to capitalize on that opportunity, the note said.Read more: <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Cathie Wood's ARK Invest runs 5 active ETFs that more than doubled in 2020. She and her analysts share their 2021 outlooks on the economy, bitcoin, and Tesla.</a>JPMorgan expects the New York-based company to see a 40% compounded annual growth rate that generates $1.2 billion of gross billings by 2024.The three big growth opportunities for Plug Power are: 1) expansion of the existing materials-handling franchise, 2) expansion into new <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> and verticals including Europe, electric vehicles, and data-center backup power, and 3) green hydrogen, JPMorgan explained.And a <a href="https://markets.businessinsider.com/news/stocks/plug-power-stock-price-joint-venture-renault-develop-hydrogen-vehicles-2021-1-1029960653">recent partnership between Plug Power and Renault</a> to jointly develop hydrogen-powered electric vehicles could "produce 40% upside to the 2024 revenue target, pushing revenues to $1.7 billion, and cause growth to accelerate in 2025," JPMorgan said. Revenue in 2025 could exceed $2 billion if Plug Power manages to successfully execute on its growth strategy, JPMorgan said, adding that it thinks this "justifies the very high multiples at which the stock trades."Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-high-dividend-investing-strategy-from-bofa-2021-1" target="_blank" rel="noopener">BANK OF AMERICA: Buy these 10 Dow stocks to take advantage of rich dividends and a long-term strategy primed for a comeback in 2021</a>

Plug Power falls 7% after JPMorgan calls the company 'fully-valued,' issues price target below current level

<ul><li><a href="https://markets.businessinsider.com/stocks/plug-stock"></a><a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> surged as much as 33.4% on Thursday after announcing <keyword id="183662" type="ORGANIZATION" weightage="60" keywordseo="SK-Group">SK Group</keyword> will invest $1.5 billion into the <keyword id="880852" type="PERSON" weightage="60" keywordseo="hydrogen-fuel-cell">hydrogen fuel cell</keyword> producer.</li><li>The companies aim to boost hydrogen energy use in Asia through the creation of fueling stations, fuel cell systems, and electrolyzers, according to a <a href="https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Plug-Power-and-South-Korean-SK-Group-to-Form-a-Strategic-Partnership-to-Accelerate-Hydrogen-Economy-Expansion-in-Asian-Markets-Plug-Power-to-Receive-1.5-Billion-Strategic-Investment-From-SK-Group/default.aspx">press release</a>.</li><li>SK, South Korea's third-largest conglomerate, will purchase roughly 51.4 million shares through the arrangement. The investment is expected to represent a 9.9% stake in <keyword id="232771" type="ENTERTAINMENT" weightage="60" keywordseo="Plug">Plug</keyword>.</li><li>The deal remains subject to regulatory approval and is expected to close in the first quarter of 2021.</li><li><a href="https://markets.businessinsider.com/stocks/plug-stock">Watch Plug Power trade live here</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> rocketed as much as 33.4% higher on Thursday after the company revealed SK Group is investing $1.5 billion in the firm as part of a new joint venture.The companies aim to increase the use of hydrogen energy in Asia through the deal, according to a Wednesday <a href="https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Plug-Power-and-South-Korean-SK-Group-to-Form-a-Strategic-Partnership-to-Accelerate-Hydrogen-Economy-Expansion-in-Asian-Markets-Plug-Power-to-Receive-1.5-Billion-Strategic-Investment-From-SK-Group/default.aspx">press release</a>. Plug, a US-based producer of hydrogen fuel cells, will collaborate on building out fueling stations, fuel cell systems, and electrolyzer in South Korea and throughout Asia.SK, South Korea's third-largest conglomerate, purchased roughly 51.4 million shares of Plug's common stock at $29.29 per share as part of the deal. The investment is expected to represent a 9.9% pro forma stake in <keyword id="274261" type="COMPANY" weightage="60" keywordseo="Plug-Power">Plug Power</keyword>.Read more: <a href="https://www.businessinsider.com/esg-investing-strategy-how-to-reduce-portfolio-carbon-footprint-aqr-2021-1">$138 billion megafund AQR shares a step-by-step guide for investors who want to reduce their portfolios' carbon footprints - and explains why this move could propel returns in the long run</a>The collaboration offers "immediate strategic benefits" and is intended to create a formal joint venture by 2022, Plug CEO Andy Marsh said in a statement.The deal remains subject to regulatory approval and is expected to close in the first quarter of 2021, according to the press release.The South Korean government announced in early 2019 plans to increase its use of hydrogen and build out fuel-cell infrastructure through 2040. The country expects the strategy to create roughly $40 billion in economic value.<a href="http://newsletter.businessinsider.com/join/4np/power-line">Click here to subscribe to Power Line</a>, Business Insider's weekly energy newsletter. Morgan Stanley is serving as Plug's financial advisor, while Goodwin Proctor will serve as the firm's legal advisor.Plug Power closed at $35 on Wednesday. The company has nine "buy" ratings and seven "hold" ratings from analysts.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-target-electric-vehicle-deliveries-morgan-stanley-tsla-2021-1-1029938182">Tesla will rally another 10% to street-high price target of $810 as deliveries continue to accelerate, Morgan Stanley says</a><a href="https://www.businessinsider.com/us-private-payrolls-december-adp-economic-data-unemployment-coronavirus-recovery-2021-1">US private-sector employment shrank in December for the first time in 8 months, ADP says</a><a href="https://www.businessinsider.com/investing-advice-wisdom-success-tips-terry-smith-fund-warren-buffett-2020-12">Investing legend Terry Smith's $30 billion equity fund returned 449% to investors over a decade - Here's his 4-part strategy for success and 10 pieces of investing wisdom to take into 2021</a>

Plug Power leaps 33% after South Korean conglomerate SK Group announces $1.5 billion investment

<ul class="summary-list"><li><keyword id="10559916" type="UNKNOWN" weightage="60" keywordseo="plug-power-stock">Plug Power stock</keyword> dropped over 7% Wednesday after <keyword id="3018360" type="PERSON" weightage="60" keywordseo="Kerrisdale-Capital">Kerrisdale Capital</keyword> announced a short position on its Twitter account.</li><li>Kerrisdale said <keyword id="232771" type="ENTERTAINMENT" weightage="60" keywordseo="Plug">Plug</keyword> has "overpromised and underdelivered for decades," and argued the future "hydrogen economy" is a myth.</li><li>In its tweet, the firm knocked retail traders on Reddit who have been bullish on the stock in recent months. </li></ul>Kerrisdale Capital revealed it is short shares of <a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power</a> on Wednesday in a tweet that caused Plug's stock to fall some 7.5%.Hydrogen fuel-cell solutions provider Plug has seen its valuation rise to $40 billion at its peak in early 2021 after languishing just above penny stock territory for years.Now the Latham, New York-based company trades at an eye-popping 67x sales and 50x book value, according to data from Morningstar.<a href="https://www.businessinsider.com/hydrogen-fuel-cell-cars-teslas-biggest-threat-2019-12">Bulls argue</a> the stock is deserving of its new status based on the expected growth of the "hydrogen economy." With a much faster refueling time than EV competitors, a long driving range, and low overall costs, many investors are confident Plug will see success going forward.Read more: <a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1?utm_source=markets&amp;utm_medium=ingestgest">Michael Saylor has invested over $1 billion of MicroStrategy's funds in Bitcoin. The software CEO turned Bitcoin whale explains why he is making such a massive bet on the digital asset.</a>The market for Plug's hydrogen services is expected to grow at 14.24% over the next seven years. Still, the market was valued at just $787 million in 2019, according to <a href="https://www.grandviewresearch.com/industry-analysis/green-hydrogen-market#:~:text=Report%20Overview,14.24%25%20from%202020%20to%202027.&amp;text=This%20trend%20is%20anticipated%20to,market%20over%20the%20forecast%20period.iod.">data from Grandview Research.</a>In <a href="https://twitter.com/KerrisdaleCap/status/1351911330018717699">a tweet</a> announcing the short position on Wednesday, Kerrisdale said <keyword id="274261" type="COMPANY" weightage="60" keywordseo="Plug-Power">Plug Power</keyword> isn't a way to bet on an overhyped "hydrogen economy," but rather a "/r/wallstreetbets roach motel," alluding the Reddit forum popular among retail investors.Kerrisdale argued the world would "never meaningfully use green hydrogen for energy," saying it is too "expensive and inefficient."In <a href="https://www.kerrisdalecap.com/wp-content/uploads/2021/01/Plug-Power-Inc.-PLUG.pdf">a letter</a> confirming the short position, the firm laid out its thesis saying the inefficiency of hydrogen as a fuel source, the difficulty of building infrastructure to support it, and a lack of safety were main concerns.Kerrisdale also noted Plug Power pulled in a "paltry" $300 million in revenue in 2020 while trading at 40x its own "aggressive" revenue projection for 2024. Plug Power's revenue is also almost entirely derived from selling hydrogen-powered forklift systems, which is a "niche product" that is "destined for obsolescence," according to Kerrisdale.Read more: <a href="https://www.businessinsider.com/crypto-investing-winklevoss-gemini-bitcoin-stable-coins-regulation-ethereum-fincen-2021-1?utm_source=markets&amp;utm_medium=ingestgest">We </a><a href="https://www.businessinsider.com/crypto-investing-winklevoss-gemini-bitcoin-stable-coins-regulation-ethereum-fincen-2021-1?utm_source=markets&amp;utm_medium=ingestgest">spoke to crypto platform Gemini, which is backed by the Winklevoss twins, about Bitcoin, how to use stable coins and why regulation won't kill the boom in digital currencies</a>."Plug's enterprise value assumes with near certainty the successful propagation of a future "hydrogen economy" in which green hydrogen power fuels our cars, trucks, homes, and factories." Kerrisdale wrote. "Sadly, the laws of physics virtually guarantee that a large-scale hydrogen economy will never exist. It will always be more efficient, cost-effective, and safer to just use electricity directly." Sahm Adrangi, Kerrisdale's CIO, appeared on the "Grizzle in the Morning" Youtube show to discuss his short position on Wednesday. Adrangi noted "technology around batteries is advancing faster than the technology around hydrogen fuel cells," and argued Plug Power has "overpromised and underdelivered for decades."Plug Power boasts a market cap of $28.8 billion and trades around $61 per share.

Plug Power sinks over 7% after Kerrisdale Capital announces short position

<ul><li>Shares of the power generation company have doubled investors’ money in the last one year.</li><li>The company has committed itself to transition towards renewable energy and limit its coal based production.</li><li>Praveer Sinha of <keyword id="45008" type="General" weightage="20" keywordseo="tata-power" source="Orion">Tata Power</keyword> shared in a media interview that the company has nearly reached 1,000 electric vehicle charging stations.</li></ul>Shares of Tata Power were on an uptrend as it gained 3% on September 30. Not only today, but the stock has also been surging since last one year as the company has charted out its plans to expand business into clean energy. The company had <a href="https://www.pv-magazine.com/2021/07/07/tata-power-vows-to-exit-coal-by-2050/">reportedly </a>unveiled its plans to transform the energy company’s generation portfolio toward clean and green in order to reach carbon neutrality before 2050. To switch to clean energy, the company will cease to build new coal-based capacity and will not acquire coal-based stressed assets. Apart from its foray into the clean energy space, the company’s efforts in the electric vehicle charging segment has also taken investor’s attention. This has led to a huge rally in the company’s stock in the last one year where it almost tripled investors' money. In an interview with <a href="https://twitter.com/CNBCTV18Live/status/1443430865057378305">CNBC TV-18</a>, the company today said that it has nearly reached 1,000 electric vehicle (EV) charging stations. Besides, it allayed investors' concerns regarding the rise in coal shortage. In recent times, rise in prices of crude oil and liquified natural gas (LNG) has influenced prices of coal. “Coal shortage is a temporary phenomenon and we should be out of this in a few weeks,” said Praveer Sinha, chief executive officer at Tata Power. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% returns </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last 5 days </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.42% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Six months </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">52% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year to date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">102% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last one year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">194% </td></tr></tbody></table> Harshvardhan Dole, vice president of institutional equities at IIFL <a href="https://www.cnbctv18.com/energy/coal-price-volatility-wont-affect-indian-power-cos-much-positive-on-tata-power-ntpc-iifl-10931602.htm">reportedly </a>said that “That (Tata Power) is one stock that we like, mainly because they are taking pragmatic measures to ensure that the opportunities which are arising from green energy, they are well-placed to capture that. For example, they are quite gung-ho on establishing or expanding their renewable portfolio. They are also quite aggressive in terms of tapping the elite opportunities coming from EVs, such as EV charging, smart metering etc., which we are not seeing in other private players.” SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/indian-overseas-bank-shares-jump-as-rbi-allows-it-to-give-loans-without-restrictions/articleshow/86635420.cms">Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/meesho-raises-more-than-half-a-billion-dollars-in-the-fourth-biggest-funding-round-this-year/articleshow/86636161.cms">Meesho raises more than half a billion dollars, in the fourth biggest funding round this year</a>

Tata Power wants to break up with coal and investors love it

<ul><li><keyword id="45008" type="CITY" weightage="20" keywordseo="Tata-Power">Tata Power</keyword> completed the acquisition of 51% stake in TP Central <keyword id="6357961" type="LOCATION" weightage="20" keywordseo="odisha">Odisha</keyword> Distribution Ltd (TPCODL) for ₹178.5 crore.</li><li>The shares of the company climbed over 4% on June 2.</li><li>Tata Power has a market cap of nearly ₹10,697.38 crore. </li><li>The acquisition will see Tata Power taking over the power supply business of five cities in Odisha. </li></ul>The shares of Tata Power, a subsidiary of Tata Group, climbed over 4% within a few minutes of trading on June 2 after the company completed acquisition of 51% stake in TP Central Odisha Distribution Ltd (TPCODL) for ₹178.5 crore. Tata Power has a market cap of nearly ₹10,697.38 crore. At 12:10 am, the shares were trading 4.18% higher at ₹41.10 a piece on the BSE. <div type="image" title="Tata power share price" msid="76150589" hostid="261"></div> Meanwhile, the company is hoping to raise about ₹3,000 crore from divestment of non-core operations and restructuring the renewable energy business as it aims to cut the debt by around 40% in the current financial year. “Our attempt is to reduce the debt to the levels of ₹25,000 crore by the end of this fiscal year from ₹44,000 crore; it is an indicative target. We are looking at various means to do it. We have already started our divestment process,” <a href="https://economictimes.indiatimes.com/industry/energy/power/tata-power-eyes-3k-cr-divestment-revamp-of-green-assets-to-cut-debt/articleshow/76143531.cms">Managing Director Praveer Sinha told ET</a>. ‘<keyword id="250122" type="COMPANY" weightage="20" keywordseo="CESU">CESU</keyword> tie-up a huge development for Tata Power’ Tata Power said that the Grid Corporation of Odisha (<keyword id="297737" type="COMPANY" weightage="20" keywordseo="Gridco">GRIDCO</keyword>) would hold the remaining 49% stake in TPCODL, which operates Central Electricity Supply Utility of Odisha (CESU). However, now Tata Power has taken over the management of CESU, and will now be responsible for the distribution and retail supply of electricity in Odisha's five circles consisting of Bhubaneswar, Cuttack, Puri, Paradeep and Dhenkanal. In the fourth quarter ended March 31, Tata Power posted a two-fold jump in its consolidated net profit at ₹475 crore. As per the agreement, the company will retain all the existing employees of CESU and will govern them by their existing policy structure. "Our tie-up with CESU is a huge development for Tata Power. We are committed to provide reliable, affordable and quality power supply along with superior customer service, backed by innovative technology. The success of our Delhi, Mumbai and Ajmer distribution businesses are testament to this fact," Tata Power CEO &amp; MD Praveer Sinha said in a statement. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/sebi-has-ordered-a-special-audit-of-the-six-debt-funds-shut-down-by-franklin-templeton-in-may/articleshow/76148899.cms" data-type="tilCustomLink">SEBI orders special audit of Franklin’s six debt funds – with ₹30,800 crore wealth locked in, wary investors demand reopening</a> <a href="https://www.businessinsider.in/india/news/pm-modi-speech-highlights-during-cii-anniversary/articleshow/76149631.cms" data-type="tilCustomLink">‘India will get its growth back’, says a confident PM Modi in an address to top industry leaders</a> <a href="https://www.businessinsider.in/india/news/india-coronavirus-news-and-updates-for-june-2-2020/articleshow/76149118.cms" data-type="tilCustomLink">India records more than 8,000 cases for the third straight day— over all tally inches closer to 2 lakh</a>

Tata Power shares jump 4% after company takes over Odisha’s power distribution and announces plans to reduce debt

<ul><li><keyword id="460884" type="COMPANY" weightage="60" keywordseo="SunPower">SunPower</keyword> Corporation fell nearly 7% on Thursday after the solar company was downgraded to 'underweight' by Morgan Stanley.</li><li> The bank maintained it $27 price target, indicating a nearly 40% downside from current levels. </li><li>SunPower on Wednesday <a href="https://www.prnewswire.com/news-releases/sunpower-launches-new-monitoring-app-enabling-homeowners-to-manage-solar-and-storage-301221031.html">unveiled</a> a mobile app that will allow users to review and manage their energy generation, consumption, and battery storage settings. </li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>Shares of SunPower Corporation fell nearly 7% on Thursday after the solar company was downgraded to 'underweight' by Morgan Stanley.Morgan Stanley analyst Stephen Byrd said that while the San Jose, California-based company has outperformed solar installer and equipment stocks by as much as 200% over the last three months, SunPower now trades at a significant premium compared to other <keyword id="10114308" type="UNKNOWN" weightage="60" keywordseo="solar-stocks">solar stocks</keyword> that offer higher margins and growth. The bank's $27 price target indicates a 38% downside even with robust revenue growth, Byrd said. In September 2020, Byrd upgraded SunPower, a solar technology and energy services provider, from 'underweight' to 'equal weight.' However, the analyst is optimistic that clean energy legislation will be introduced later this year by the new administration. President Joe Biden has been <a href="https://joebiden.com/clean-energy/">outspoken in scaling up best practices</a> from state-level clean energy standards. By 2050, Biden is aiming to put the United States on an "irreversible path to achieve net-zero emissions, economy-wide."SunPower on Wednesday <a href="https://www.prnewswire.com/news-releases/sunpower-launches-new-monitoring-app-enabling-homeowners-to-manage-solar-and-storage-301221031.html">unveiled</a> a new app that will allow users to review and manage their energy generation, consumption, and battery storage settings from a mobile device. The app will be available to all of SunPower's 285,000 monitoring customers by spring 2021.The company is expected to release its fourth-quarter and fiscal year 2020 <a href="https://investors.sunpower.com/events-and-presentations">financial results on February 17</a>.Shares of SunPower trades at $42.17 as of 1:01PM E.T. on Thursday.

SunPower shares drop after Morgan Stanley downgrades solar company to 'underweight'

<ul class="summary-list"><li>Nuclear-power stocks fell after regulators voted against a deal between Amazon and Talen Energy.</li><li>The deal would permit a Talen nuclear plant to provide an Amazon data center with extra power.</li></ul>Nuclear-power stocks slumped on Monday after US regulators barred a plant from supplying extra power to an <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> data center.The Federal Energy Regulatory Commission rejected the deal between Amazon and <a target="_blank" href="https://markets.businessinsider.com/stocks/tln-stock">Talen Energy</a> late last week. According to FERC Commissioner Mark Christie, approving the proposal would <a target="_blank" href="https://www.ferc.gov/news-events/news/commissioner-christies-concurrence-pjms-susquehanna-co-location-proposal-er24-2172">spark consequences for grid reliability and consumer costs</a>.Talen dropped as much as 8.6% on Monday, unleashing a broader downturn in the nuclear power sector. <a target="_blank" href="https://markets.businessinsider.com/stocks/vst-stock">Vistra</a> slid 6.7% at intraday lows, while <a target="_blank" href="https://markets.businessinsider.com/stocks/ceg-stock">Constellation Energy</a> tanked 13%.These firms have gained sharply as AI data centers have driven US <a target="_blank" href="https://markets.businessinsider.com/news/commodities/ai-power-grid-demand-utility-bill-outlook-electricity-ev-2024-7">power demand to new heights</a>. In recent months, tech companies have come to embrace nuclear power to run these centers, fueling underlying equities.Both Vistra and Constellation are among the top S&amp;P 500 performers this year. In a similar fashion to Talen, Constellation reached a 20-year deal with <a target="_blank" href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> to power its data center inBut the FERC's decision sets a precedent that could challenge nuclear data center deals."FERC's decision will have a chilling effect on economic development in states such as Pennsylvania, Ohio, and New Jersey," Talen <a target="_blank" href="https://ir.talenenergy.com/news-releases/news-release-details/talen-energy-statement-ferc-order-rejecting-susquehanna-isa">said in a statement</a>.According to <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-04/us-power-stocks-slump-after-regulator-rejects-nuclear-agreement">Bloomberg</a>, the firm was already paid $650 million in March by Amazon Web Services for a data center campus next to the Pennsylvania plant at issue. AWS also signed a long-term deal to purchase power from the plant.Other nuclear equities also suffered on Monday, with the Sam Altman-backed firm <a target="_blank" href="https://markets.businessinsider.com/stocks/oklo-stock">Oklo</a> and <a target="_blank" href="https://markets.businessinsider.com/stocks/nne-stock">Nano Nuclear Energy</a> both falling by double-digits.

Nuclear-power stocks slide after regulator rejects plan to power Amazon data center

With India's economic recovery catching a faster pace, the next <keyword id="5966195" type="General" weightage="20" keywordseo="multibagger-stocks" source="Orion">multibagger stocks</keyword> might emerge from sectors like power, tourism, realty and IT sectors. Lately, banking, PSUs and even the stocks of brokerage firms have shown an upward trend. However, steep valuations have somewhat subdued investors' interest, said industry experts. Nonetheless, an accelerated economic recovery has boosted demand for sectors such as power and tourism. Consequently, stocks of companies in these sectors hold potential for giving future healthy returns. "IT sector has seen tremendous growth in the last two years since the lockdown as more and more companies move towards making themselves digitally equipped to tackle any such situation in the future," said Vijay Dhanotiya, Senior Research Analyst, CapitalVia Global Research. "We have also seen strong demand environment, sustained margins and improved cash flows which is expected to continue and hence we believe it will be one of the outperforming sectors in the market." Besides, he cited <keyword id="997729" type="General" weightage="20" keywordseo="power-sector-stocks" source="Orion">power sector stocks</keyword> to hold great potential. "Indian power sector has seen outstanding demand growth and India has become the fourth largest energy consumer in the world. Power sector has also seen growth due to the government policies as well as the demand increases. "Indian government has allowed 100 per cent FDI in the sector and has allowed the private players to enter the market. The sector is seen as one of the top outperforming sectors as the demand of energy is sought to increase at an unprecedented pace." Furthermore, MOFSL's advisory subsidiary Teji Mandi, CIO Vaibhav Agrawal said that travel and tourism sector is expected to "do well on account of the opening up of the economy and revenue consumption". "Even real estate as a sector is at an inflection point on account of low interest rates, tax savings on buying houses and increase in people's affinity to buy houses." "Furthermore, resumption of office life should help to increase demand for commercial real estate as well." According to Rahul Sharma, Co-Founder, Equity99, sectors such as real estate, specialty-chemicals and automobiles are guiding the next stage of rally. "This sector (specialty-chemicals) has sawn some correction in recent times due multi-fold rise in raw-material prices," Sharma said. "However, considering the increasing demand and steady increase in end products price by companies we expect the raw material price increase to not have significant impact." In addition, he pointed out that automobile sector has taken a huge hit by chip shortage crisis and is available at "good discount". "However, we think that correction in this sector is over and is ready for next stage of up-move." "Also there has been significant demand for EV vehicles and most companies are launching many EV models. We are bullish on this sector and expect a good move here." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/nykaa-vs-itc-memes-are-hilarious-but-it-may-not-be-the-right-comparison/articleshow/87755496.cms">Nykaa vs ITC memes are hilarious but it may not be the right comparison</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/the-excitement-around-go-fashion-ipo-is-making-money-for-shareholders-of-tcns-clothing-too/articleshow/87756224.cms">The excitement around Go Fashion IPO is making money for shareholders of TCNS Clothing too</a>

Next multibagger stocks might emerge from sectors like power, tourism, realty and IT sectors

<ul class="summary-list"><li><keyword id="11949096" type="UNKNOWN" weightage="60" keywordseo="plug-power" source="Orion">Plug Power</keyword> climbed as much as 10% early Tuesday after the company announced a supply pact with <keyword id="11893281" type="UNKNOWN" weightage="60" keywordseo="walmart" source="Orion">Walmart</keyword>.</li><li>The company will provide Walmart up to 20 tons of liquid green hydrogen per day to power its US fleet of material handling lift trucks.</li></ul><a href="https://markets.businessinsider.com/stocks/plug-stock">Plug Power stock</a> jumped as must as 10% Tuesday after the company announced a deal to provide <a href="https://markets.businessinsider.com/stocks/wmt-stock">Walmart</a> up to 20 tons per day of liquid green hydrogen.The hydrogen will power the retail giant's material handling lift trucks, such as forklifts, and comes as Walmart looks to make good on promises to invest in <a href="https://corporate.walmart.com/newsroom/2021/04/29/setting-records-walmart-continues-moving-toward-becoming-a-totally-renewable-business">zero-carbon emission energy sources</a>."Our <keyword id="12011391" type="UNKNOWN" weightage="60" keywordseo="green-energy" source="Orion">green energy</keyword> solutions will provide Walmart with the ability to achieve significant carbon reduction," said Plug Power CEO Andy Marsh in a press release. "We are honored to expand our relationship with Walmart and realize our shared vision for for a green hydrogen future."Plug says it will deliver the hydrogen with its liquid transport fleet made possible by a recent acquisition of <a href="https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Plug-Power-Completes-Acquisition-of-Applied-Cryo-Technologies/default.aspx">Applied Cryo Technologies.</a>The two companies first joined forces in 2o12, when Plug Power began providing hydrogen fuel cells for Walmart facilities and vehicles. Tuesday's deal is one of Plug Power's first contracts to supply green hydrogen itself. Plug Power stock pared gains to 6%. Shares spiked earlier this year as rising oil prices and the Russia's invasion of Ukraine spurred interest in green <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">energy</keyword> stocks. But the stock has since come off its high and is down 9% so far in 2022.

Plug Power stock jumps 10% on deal to provide Walmart with hydrogen

<ul><li>With economic actvities resuming gradually across the country, the power consumption data may come as a breather for stocks in the power sector. </li><li>The power consumption in July 2020 was just 2.6% short of the demand exactly a year earlier.</li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/" data-type="tilCustomLink" target="_blank">Business Insider</a>.</li></ul>The slump in power consumption has narrowed to just 2.64% in July at 113.48 billion units (BU) indicating spurt in economic activity and raised hopes that it would touch normal level this month. Power consumption in July last year was at 116.48 BU, as per power ministry data. The latest data of the power ministry shows that power consumption has improved after government started giving relaxations for economic activities and onset of summer. "The slump in power consumption has narrowed down considerably to 2.6 per cent. It is expected to be at normal level (what it was last year in same month) during August. There could be growth in power demand in coming days with expansion in economic activities," an industry expert told PTI. This data may come as a breather for stocks in the power sector that have been reeling under the pessimism about their prospects in the near term. <table style="width: 226pt;"> </colgroup> <tbody><tr> <td class="xl63" style="height:15.0pt;width:141pt">Stock</td> <td class="xl63" style="border-left-width: initial; border-left-style: none; width: 85pt;">Last one month</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">NTPC</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-9.19%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Reliance Power</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-22.53%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Adani Power</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-1.67%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Tata Power</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">8.58%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">JSW Energy </td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-2.65%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">CESC</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-11.65%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Torrent Power </td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">2.10%</td> </tr></tbody></table> The months of April, May and June this year witnessed low power consumption on account of lower commercial and industrial activities due to COVID-19-related restrictions. However, as the economy slowly reopened, peak power demand met, the highest energy supply during the day across the country, was at 170.54 GW in July, down 2.61% compared to a year ago. <table style="width: 247pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:48pt">Month</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 128pt;">Peak power demand met</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 71pt;">Growth (YoY)</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">April</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">132.77 GW</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-25%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">May </td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">166.42 GW</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-8.82%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">June </td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">164.94 GW</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-9.50%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">July</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">170.54 GW </td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-2.61%</td> </tr></tbody></table> The return of industrial demand will bode well for power distribution companies like Tata Power, Adani Power and Reliance Power, as well as the ones owned by state governments, because they make wider margin on supply to industries than to households. This will ease the stress on the financials and the need for additional loans from companies like Power Finance Corporation and Rural Electrification Corporation of India. <table style="width: 226pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:141pt">Stock</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 85pt;">Last one month</td> </tr> <tr> <td class="xl66" style="height: 15pt; border-top-width: initial; border-top-style: none;">Power Finance Corp</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-3.75%</td> </tr> <tr> <td class="xl66" style="height: 15pt; border-top-width: initial; border-top-style: none;">Rural Electrification Corp</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-7.35%</td> </tr></tbody></table> An earlier estimate by ratings agency <a href="https://www.livemint.com/news/india/power-demand-to-shrink-3-4-this-fiscal-as-states-return-to-lockdown-icra-11595261269964.html" data-type="tilCustomLink" target="_blank">ICRA had projected a 5% to 6% decline</a> in nationwide demand for power for the full year ending March 2021. With inputs from PTI SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/economy/news/e-invoice-under-gst-these-businesses-need-not-prepare-electronic-invoices-up-to-a-revenue-of-500-crore-any-more/articleshow/77299435.cms">E-invoice under GST: These businesses need not prepare electronic invoices up to a revenue of ₹500 crore any more</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/economy/news/e-invoice-under-gst-these-businesses-need-not-prepare-electronic-invoices-up-to-a-revenue-of-500-crore-any-more/articleshow/77299435.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/marutis-july-sales-data-sparks-hope-for-other-carmakers/articleshow/77298443.cms">Maruti's July sales data sparks hope for other carmakers</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/marutis-july-sales-data-sparks-hope-for-other-carmakers/articleshow/77298443.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/here-are-all-the-startups-that-raised-funding-in-july/articleshow/77297781.cms">Here are all the startups that raised funding in July</a>

Watch out for stocks like Adani Power, Tata Power, PFC and REC as electricity consumption nears pre-COVID levels

<a href="https://markets.businessinsider.com/stocks/fcel-stock"></a><ul class="summary-list"><li><keyword id="274262" type="COMPANY" weightage="60" keywordseo="FuelCell-Energy">FuelCell Energy</keyword> stock dropped over 7% Thursday after a lackluster fourth quarter earnings report.</li><li>The company posted a 17% revenue increase on a full-year basis, but it still trades at 34x sales.</li><li>JPMorgan warned the valuation of FuelCell may be overheated in a note earlier this month.</li></ul><a href="https://markets.businessinsider.com/stocks/fcel-stock">FuelCell Energy</a> stock dropped over 7% on Thursday after delivering a lackluster performance in the fourth quarter.Analyst forecasts had predicted a $0.04 loss per share on revenue of $17.05 million for FuelCell. The company <a href="https://investor.fce.com/press-releases/press-release-details/2021/FuelCell-Energy-Reports-Fourth-Quarter-and-Fiscal-Year-2020-Financial-Results/default.aspx">missed those estimates</a>, notching an $0.08 loss per share on revenues of $17 million.FuelCell also posted a net loss of $18.9 million in the quarter, although that is an improvement from the company's $35.2 million net loss from the year-ago quarter.On a full-year basis, FuelCell Energy's revenue did rise some 17%, but many investors will be looking for more as the company is currently priced at around 34x sales.Read more: <a href="https://www.businessinsider.com/crypto-investing-winklevoss-gemini-bitcoin-stable-coins-regulation-ethereum-fincen-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">We spoke to crypto platform Gemini, which is backed by the Winklevoss twins, about Bitcoin, how to use stable coins and why regulation won't kill the boom in digital currencies</a>FuelCell stock surged at the start of 2021, jumping by about 96% until its January 13 intraday highs of almost $21 per share.Since then, however, the stock has fallen back down to around $16 per share after a <a href="https://markets.businessinsider.com/analysts-opinions/fuelcell-energy-inc-registered-shs-underweight-746562">report from JPMorgan</a> questioned the current valuation and assigned a $10 price target for the shares.The disappointing showing from FuelCell is another bump in the road for <keyword id="880852" type="PERSON" weightage="60" keywordseo="hydrogen-fuel-cell">hydrogen fuel cell</keyword> makers of late. Rival <keyword id="213466" type="TECHNOLOGY" weightage="60" keywordseo="fuel-cell">fuel cell</keyword> maker <keyword id="274261" type="COMPANY" weightage="60" keywordseo="Plug-Power">Plug Power</keyword> saw its shares plunge 7% on Wednesday after Kerrisdale Capital announced a short position and <a href="https://markets.businessinsider.com/news/stocks/plug-power-stock-sinks-kerrisdale-capital-announces-short-position-2021-1-1029987625">called the hydrogen economy</a> a "fool cell" future.And on Wednesday, Credit Suisse downgraded another hydrogen rival ,Bloom Energy, to neutral from outperform, sending the stock down over 3%.Still, FuelCell remained upbeat in their most recent earnings report, noting the benefits of a new, more green-focused, presidential administration."Based on the initial policy objectives outlined by the incoming White House administration, we expect clean energy and climate policies in the U.S. to begin to match the pace of advancement seen in other <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> such as Europe and Asia, and to be favorable toward the development of the growing hydrogen economy," said Jason Few President and CEO of FuelCell Energy.Few also noted FuelCell is in a better position financially after recent capital raises allowed the company to "retire high-cost debt."Shares of FuelCell traded at $15.88 on Thursday morning putting the company's market cap at around $5 billion.

You Searched For "Power stocks" and got 13 results

Plug Power jumps 13% after it partners with Airbus to study and develop hydrogen-powered air travel

Matthew Fox

Plug Power jumps 20% on joint venture with Renault to develop hydrogen vehicles

Matthew Fox

Plug Power falls 7% after JPMorgan calls the company 'fully-valued,' issues price target below current level

Matthew Fox

Plug Power leaps 33% after South Korean conglomerate SK Group announces $1.5 billion investment

Ben Winck

Plug Power sinks over 7% after Kerrisdale Capital announces short position

Will Daniel

Tata Power wants to break up with coal and investors love it

Bhakti Makwana

Tata Power shares jump 4% after company takes over Odisha’s power distribution and announces plans to reduce debt

Navdeep Yadav

SunPower shares drop after Morgan Stanley downgrades solar company to 'underweight'

Isabelle Lee

Nuclear-power stocks slide after regulator rejects plan to power Amazon data center

Filip De Mott

Next multibagger stocks might emerge from sectors like power, tourism, realty and IT sectors

IANS

Plug Power stock jumps 10% on deal to provide Walmart with hydrogen

Brian Evans

Watch out for stocks like Adani Power, Tata Power, PFC and REC as electricity consumption nears pre-COVID levels

BI India Bureau

FuelCell Energy drops 7% on disappointing 4th quarter earnings

Will Daniel

Popular Keywords

Buying Guides