Stocks in News: Plug Power Inc, Banco Santander, Best Buy Co, Meritor Inc

Dallas, TX -- (SBWIRE) -- 03/11/2013 -- 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:-

Plug Power Inc (NASDAQ:PLUG) shares gained 4.85% to $0.173. 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.

Get Latest News, Updates on PLUG Here

Banco Santander (Brasil) SA(ADR) (NYSE:BSBR) shares jumped 4.79% to $8.10. The company, on Jan. 31, said it earned recurring profit, or income excluding one-time items, of 1.598 billion reais ($803 million), up 6.5 percent from the third quarter. Analysts expected recurring profit of 1.29 billion reais.

Is BSBR a Strong Buying Opportunity After The Recent Slump? Find out Here

Best Buy Co., Inc.(NYSE:BBY) shares climbed 4.72% to $20.17. The company, on Mar. 1, posted fiscal fourth- quarter adjusted profit that topped analysts’ estimates and said the retailer will focus on continuing its turnaround after failing to receive a takeover offer from its founder. The fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.

Is BBY Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

Meritor Inc (NYSE:MTOR) shares gained 4.68% to $4.92. Zacks reissued their neutral rating on shares of Meritor in a report released on Feb. 21. Zacks currently has a $5.00 target price on the stock.

Additionally, the company, last month, announced that for fiscal 2013, it has provided guidance back in November, with expected revenue of about $4 billion for fiscal 2013. Analysts are expecting the Company to report revenue of $4 billion for fiscal 2013.

Get latest News, Updates on MTOR Here

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