Dallas, TX -- (SBWIRE) -- 03/07/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
MGIC Investment Corp. (NYSE:MTG) shares jumped 5.06% to $5.61. The company yesterday announced that it priced the public offering and sale of 135 million shares of its common stock at a price of $5.15 per share. The Company granted to the underwriters a 30-day option to purchase up to an additional 20.25 million shares. In a concurrent offering, the Company priced $450 million in aggregate principal amount of 2.00% convertible senior notes due 2020 (the "notes"). The Company granted the underwriters a 30-day option to purchase up to an additional $50 million in aggregate principal amount of notes.
How Should Investors Trade MTG After The Recent Price movement? Find out Here
Walter Energy, Inc. (NYSE:WLT) shares jumped 4.94% to $31.23. The company, on Feb. 20, reported a fourth quarter loss of $71 million, or $1.13 a share, compared with a year-earlier profit of $80.3 million, or $1.28 a share. Revenue slipped 32% to $478.8 million. Analysts had projected a loss of 89 cents a share and revenue of $511 million.
Additionally, WLT’s stock was upgraded by analysts at Iberia Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors last week.
Is WLT a Strong Buying Opportunity After The Recent Slump? Find out Here
FuelCell Energy, Inc. (NASDAQ:FCEL) shares jumped 4.85% and closed at $1.08 in the last trading session. The company last week announced a contract to demonstrate a tri-generation stationary fuel cell power plant near Vancouver, British Columbia, Canada, using landfill gas as the fuel source. The landfill gas clean-up will be performed by Quadrogen Power Systems, Inc., the prime contractor, and the cleaned landfill gas will be used by the fuel cell power plant to generate multiple revenue streams, including ultra-clean electricity, usable high quality heat and renewable hydrogen.
Additionally, the company announced it will release its first quarter 2013 financial results after the Market Close on Monday, March 11, 2013.
Is FCEL a Buy After The Latest Price Action? Find Out Here
Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) shares gained 1.16% to $6.09. On Feb. 21, Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (AES Eletropaulo) announced that, in context of a dispute over the loan contract signed on October 30, 1986, between the Company and CTEEP Companhia de Transmissao de Energia Eletrica Paulista, the Court of Justice of Rio de Janeiro has fully annulled a decision of the first instance. Thus, the process must be restarted in one instance to proceed with the analysis of the technical and legal issues, as well as to realize the accounting expertise. At the end of this procedure, there should be issued a new decision, which will indicate the responsible one and the amount due to Eletrobras - Centrais Eletricas Brasileiras SA.
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