Stock Alert: Plug Power Inc, Central European Distribution Corp, Forestar Group Inc, Telecom Argentina

Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- vbtrendreport.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:-

Plug Power Inc (NASDAQ:PLUG) shares gained 11.10% and closed at $0.170. The company, on Feb. 14, announced that it has priced an underwritten public offering of 18,910,000 shares of its common stock and accompanying warrants to purchase 18,910,000 shares of common stock. The shares and the warrants will be sold together as a fixed combination, with each combination consisting of one share of common stock and one warrant to purchase one share of common stock, at a price to the public of $0.15 per fixed combination for gross proceeds of approximately $2.8 million.

How Should Investors Trade PLUG After The Solid Jump? Let’s Find Out Here

Central European Distribution Corp (NASDAQ:CEDC) shares increased 11.31% and closed at $0.665. The company yesterday confirmed that it has received a proposal for a financial restructuring of CEDC and CEDC Finance Corporation International, Inc. from Roust Trading Ltd. that is also supported by certain beneficial owners of the $380 million 9.125% senior secured notes and €430 million 8.875% senior secured notes, each due 2016 issued by CEDC FinCo.

Is CEDC Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Forestar Group Inc. (NYSE:FOR) shares jumped 10.36% and closed at $19.38 in the last trading session. The company, on Feb. 21, announced the pricing of an underwritten public offering of $110,000,000 aggregate principal amount of its 3.75% Convertible Senior Notes due 2020 (the "Notes"). The underwriters have a 30-day option to purchase up to an additional $15,000,000 aggregate principal amount of Notes from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on February 26, 2013.

Is FOR Buy After The Recent Price Movement? Find Out Here

Telecom Argentina S.A. (ADR) (NYSE:TEO) shares gained 10.30% to $14.14. The company, on Feb. 27, announced that: 1. Mr. Franco Bertone, who has served as Chief Executive Officer (CEO) of Telecom Argentina since his appointment by the Board of Directors in March 2009 to date, informed that Telecom Italia S.p.A has requested him to take on other responsibilities within the Telecom Italia Group. 2. Consequently, the Company's Board of Directors in a meeting held on February 27, 2013, has appointed Mr. Stefano De Angelis as Chief Executive Officer of Telecom Argentina, replacing Mr. Franco Bertone.

Is TEO Buy After The Recent Price Movement? Find Out Here

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