NEW YORK / ACCESSWIRE / June 04, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Federal National Mortgage Assctn Fnni, General Motors Company, Broadcom Corporation, Alcoa Inc.
MannKind Corporation (NASDAQ:MNKD)’s shares gained 10.83% to $10.54. The company will present at upcoming conferences: Goldman Sachs 35th Annual Global Healthcare Conference on June 12, 2014 at 11:20 am (PT) at the Terranea Resortin Rancho Palos Verdes, California.
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Additionally, the company on May 12 reported financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, total operating expenses were $41.4 million, versus $36.4 million for the first quarter of 2013, an increase of $5.0 million. The net loss was $52.1 million, or $0.14 per share, compared with a net loss of $41.0 million, or $0.15 per share for the first quarter of 2013.
FuelCell Energy Inc(NASDAQ:FCEL)’s shares declined 7.59% to $2.19. The compny on June 3 reported results for its second quarter ended April 30, 2014 along with an update on key business highlights. The company reported total revenues for the second fiscal quarter of 2014 of $38.3 million compared to $42.4 million for the second fiscal quarter of 2013. Net loss for the second quarter of 2014 totaled $16.6 million, or $0.07 per basic and diluted share. Excluding the non-cash embedded derivative adjustment of $5.9 million associated with conversions of Senior Unsecured Convertible notes, the adjusted net loss totaled $10.7 million or $0.04 per basic and diluted share.
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Additionally, the company on May 13 announced further steps to accommodate the increasing global demand for megawatt-class stationary fuel cell power plants, ensuring preeminent customer support around the world as well as enhanced execution of product cost reductions. FuelCell Energy and POSCO Energy are collaborating to support multi-national customers expressing interest in fuel cell projects in the other partner's territory, are further synchronizing the integrated global supply chain, and executing the sale of four fuel cell modules, totaling 5.6 megawatts to meet rising demand in Asia.
Plug Power Inc. (NASDAQ:PLUG)’s shares dropped 1.36% to $4.35. The company on May 14 reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Net loss for the first quarter of 2014 was $75.9 million, or $0.57 per share on a basic and diluted basis.
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Molycorp Inc. (NYSE:MCP)’s shares jumped 11.60% to $2.79. Molycorp’s stock was downgraded to Underweight from Neutral at JPMorgan on May 9. JPMorgan downgraded Molycorp to Underweight following the company's Q1 results saying another capital raise is likely this year.
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Additionally, the company on May 7 announced financial and operating results for the first quarter 2014. The Company reported first quarter product sales volume of 3,518 metric tons (mt), a 10% increase over the fourth quarter 2013, at an average selling price ("ASP") of $33.69 per kilogram. Net revenues for the first quarter were $118.5 million, a 4% decrease from the fourth quarter 2013. The Company reported a net loss of $0.40 per share for the quarter. The Company reported a net loss of $0.29 per share for the quarter on an adjusted non-GAAP basis.
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SOURCE: Market Buzz Report
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