NEW YORK, December 6, 2013 /PRNewswire/ --
Market Buzz Report, an online portal for penny stock investors, issues key stock analysis for BP plc (NYSE: BP), ReneSola Ltd. (NYSE: SOL), FreeSeas Inc (NASDAQ: FREE), Plug Power Inc(NASDAQ: PLUG), Rite Aid Corporation (NYSE: RAD).
Three years after the Deepwater Horizon disaster, BP plc (ADR)(NYSE: BP) is leading an industry charge to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions. BP's Tiber field in the Gulf of Mexico makes the Macondo field look like a mere puddle; it is about twice as deep - 35K ft. below the sea floor - and is thought to hold 20x the amount of oil. Another disaster could threaten BP's existence, but success could restore its fortunes and perhaps its reputation: "There's 10B-20B barrels of oil just for BP in this" - worth up to $2T at today's prices - says Kevin Kennelly, who runs BP's global technology operations.
Free Urgent Insider Catalyst Report for BP Available Here: http://marketbuzzreport.com/index.php?code=BP (Or Copy and paste the URL into your browser)
In its Q3 report, ReneSola Ltd. (NYSE: SOL) states it has decided to "permanently cease production" at its Phase I polysilicon plant, following unsuccessful effort to lower its cost structure. A $202.8M charge is being taken on the plant's assets. The company saw Q3 wafer/module shipments of 851MW, roughly flat Q/Q but above guidance of 730MW-750MW. Module shipments rose 6.6% Q/Q to 462.9MW, and are expected to be in a range of 490MW-510MW in Q4.ReneSola is upping its full-year wafer/module shipment range to 3GW-3.1GW from a prior 2.8GW-3GW.Q3 gross margin was 8.1%, up from 7.3% in Q2 and -18% a year ago (no typo), and in-line with guidance of 7%-9%. Investors may have wanted more in light of the big GM gains posted by some peers. Q4 GM is expected to be in a range of 9%-11%.Strong sales to the U.S. and other overseas markets improved ReneSola's ASPs; the company sees the trend continuing in Q4.Cash/equivalents totaled $438.5M at the end of Q3, and total debt/borrowings $1.53B.
Free Urgent Insider Catalyst Report for SOL Available Here: http://marketbuzzreport.com/index.php?code=SOL (Or Copy and paste the URL into your browser)
FreeSeas Inc (NASDAQ: FREE) shares gained 9.32% to $1.29 in the pre-market hour. The company on Dec. 2 announced today the Company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the Company's issued and outstanding common stock at a ratio of one new share for every 5 shares currently outstanding. The Company anticipates that its common stock will begin trading on a split adjusted basis when the market opens on December 2, 2013. FreeSeas' common stock will continue to trade under the symbol "FREE." The common shares will also trade under a new CUSIP number Y26496300.
Free Urgent Insider Catalyst Report for FREE Available Here: http://marketbuzzreport.com/index.php?code=FREE (Or Copy and paste the URL into your browser)
Plug Power Inc (NASDAQ: PLUG) shares surged 40% to $1.77. The company on Dec. 4 will host conference call and webcast during which CEO Andy Marsh will provide business update for Plug Power and the Company's expectations for the remainder of 2013 and for 2014.
Free Urgent Insider Catalyst Report for PLUG Available Here: http://marketbuzzreport.com/index.php?code=PLUG (Or Copy and paste the URL into your browser)
Since the October 8th business update call, the Company has seen an additional 17.8M USD in bookings. Plug Power is currently in negotiations with several large customers on sales agreements to deploy turn-key GenDrive solutions at multiple distribution centers. The Company believes this will significantly impact the fourth quarter bookings, as well as provide a recurring revenue stream from product, service and hydrogen contracts. Plug Power expects orders to range between 30M and 40M USD for the fourth quarter of 2013.
Rite Aid Corporation (NYSE: RAD) reports same store sales rose 2.8% Y/Y in November. Front-end same store sale registered a 0.4% gain, while pharmacy sales increased 3.9% despite a negative impact from new generic drugs on the market. The comparisons for the month were boosted by the negative impact of Superstorm Sandy during last year.
Free Urgent Insider Catalyst Report for RAD Available Here: http://marketbuzzreport.com/index.php?code=RAD (Or Copy and paste the URL into your browser)
USMarketBuzz.com is an investment community that Focuses on MicroCap Securities. USMarketBuzz.com is an authorative authentic Google News Site and Leading Provider of Investment Awareness and Featured Company Profiles. If you would like more information regarding our news coverage solutions, please visit http://www.USMarketBuzz.com/ for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.USMarketBuzz.com/. Follow us on Facebook: https://www.facebook.com/usmarket.buzz Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PREPROMO to 27126. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
DISCLAIMER: FNNewswire (FNNW) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNNW is NOT affiliated in any manner with MarketBuzz Reports, USMarketBuzz.com or any company mentioned herein. The commentary, views and opinions expressed in this release by MarketBuzz Reports and USMarketBuzz.com are solely those of the MarketBuzz Reports & USMarketBuzz.com and are not shared by and do not reflect in any manner the views or opinions of FNNW. The companies that are discussed herein may or may not have approved the statements made in this release. FNNW is not liable for any investment decisions by its readers or subscribers FNNW and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNNW was not compensated by any public company mentioned herein to disseminate this press release.
FNNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNNW undertakes no obligation to update such statements.
FNNW Contact Information: Company: FN Newswire Contact email: email@example.com U.S. Phone: +1(954)345-0611
SOURCE FN Media Group LLC