Emerging Stories: FuelCell Energy Inc (FCEL), Oi SA (ADR) (OIBR), Kandi Technologies Group Inc (KNDI)

FuelCell Energy Inc (NASDAQ:FCEL), a provider of alternative energy in the form of the fuel cell, plans an upgrade of its factory in Torrington, Connecticut. The company plans a two-stage upgrade of the facility in which it will first expand the manufacturing site. The second phase of the expansion will involve the installation of more production equipment.

The expansion of the Torrington facility is also expected to lead to the creation of hundreds of new jobs. Connecticut has agreed to extend $20 million loan to FuelCell Energy Inc (NASDAQ:FCEL) for support the expansion project. Half of the State loan qualifies for forgiveness if certain job targets are attained.

How are market trends affecting FCEL?  Find out here!

Oi SA (ADR) (NYSE:OIBR) could sell its Portuguese phone assets this year if all goes as planned. The company received a bid of 7 billion euros ($8.8 billion) for the assets from Altice SA (ATC). The potential buyer intends to use cash and debt to finance the acquisition. Oi SA (ADR) (NYSE:OIBR) updated that it had forwarded the acquisition proposal to its board of directors for review. If everything goes well it plans to close the transaction by the end of 2014.

Oi SA (ADR) (NYSE:OIBR) intends to use the proceeds from the divestment to pay down some of its debts. It has $19 billion in debt. The sale of the asset will also help it to consolidate its operations in Latin America.

What does the Relative Strength Indicator (RSI) say about future trends with OIBR?

Kandi Technologies Group Inc (NASDAQ:KNDI) has an analysts meeting on Nov. 12 and there are already calls for investors to look out for some performance metrics. Attention is better focused on revenue growth, earnings and gross margins. However, the company is known for booming revenue, going to $140 million from $20 million in the last five years.

Elsewhere, Kandi Technologies Group Inc (NASDAQ:KNDI)’s Car-Share Program is expected to benefit from the opportunities presented by the mobile payment platform. The company and certain of its joint venture partners signed an agreement with a company that will provide Alipay and another service known as Alipay Wallet for the Car-Share program.

Kandi Technologies Group Inc (NASDAQ:KNDI) and its joint venture partner signed the mobile payment agreement with a provider known as Ant Financial Services Group. Besides the launch of the Alipay services, the agreement also allows the companies to develop other innovative payment solutions to enrich the service.

Have an analyst breakdown the Bollinger Bands for KNDI.

About the Author

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.

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