Hot Movers: Plug Power Inc (NASDAQ:PLUG), Capstone Turbine Corporation (NASDAQ:CPST), Hovnanian Enterprises, Inc. (NYSE:HOV)
Plug Power Inc (NASDAQ:PLUG) shares increased 14.70% to $0.384. The company, on May 20, announced that the preferred stock investment by Air Liquide closed on May 16. Plug Power issued 10,431 shares of convertible Series C Preferred Stock to Air Liquide and realized $2,595,400 in gross proceeds from the stock sale. The stock is entitled to receive dividends at a rate of 8 percent per year and is convertible into shares of common stock at a conversion price equal to $0.248794 per share.
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Capstone Turbine Corporation (NASDAQ:CPST) shares jumped 16.50% to $1.20. The company, on May 28. announced it received a major order for one of the most prominent privately held real estate and investment firms in the United States. Capstone distributor RSP Systems, headquartered in Bronx, NY, secured the significant order.
The order for multiple buildings is from New York based Related Companies, a highly regarded entrepreneurial innovator and industry leader in environmentally conscious real estate development.
Hovnanian Enterprises, Inc. (NYSE:HOV) stock increased 3.31% to $6.24. The company will release financial results for the second quarter ended April 30, 2013 the morning of Wednesday, June 5, 2013. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, June 5, 2013.
Additionally, the company will begin trading ex-dividend on May 10, 2013. A cash dividend payment of $0.4531 per share is scheduled to be paid on May 15, 2013. Shareholders who purchased HOVU stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that HOVU has paid the same dividend.