Stocks Review: Gleacher & Company Inc, Ballard Power Systems Inc, Westport Innovations Inc, Accretive Health

Dallas, TX -- (SBWIRE) -- 03/12/2013 -- 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:-

Gleacher & Company Inc (NASDAQ:GLCH) shares jumped 8.06% and closed at $0.551 in the last trading session. GLCH’s stock was downgraded by investment analysts at Gleacher & Co. from a “neutral” rating to an “underperform” rating in a note issued to investors on Feb. 25. They currently have a $0.70 target price on the stock.
Additionally, the company released its earnings data on Feb. 15. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.08. The company had revenue of $50.88 million for the quarter, compared to the consensus estimate of $53.21 million.

Get Latest News, Updates on GLCH Here

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) shares jumped 7.83% to $1.24. The company yesterday announced a supply agreement with the Center for Transportation and the Environment for a 150 kilowatt FCvelocityTM-HD6 fuel cell module to be integrated into a bus that will be deployed with CTTransit in Hartford, Connecticut. The All-American fuel cell hybrid bus is expected to be delivered in 2015.

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

Westport Innovations Inc. (USA) (NASDAQ:WPRT) shares increased 7.51% to $31.35. The company on Mar. 7 reported financial results for the fourth quarter and year ended December 31, 2012 and provided an update on operations. For the quarter ended December 31, 2012 Westport reported a net loss of $37.6 million or $0.68 per share compared to $14.5 million or $0.30 per share for the same period last year. For the year ended December 31, 2012 the company reported a net loss of $98.8 million or $1.83 per share compared to $60.2 million or $1.26 per share for the same period last year.

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

Accretive Health, Inc. (NYSE:AH) shares gained 7.05% to $10.18. The company, on Mar. 8, said it incorrectly booked revenue for certain contracts for at least nine quarters and will restate all quarterly financial statements going back to the second quarter of 2010. The company didn't immediately provide a specific reason for the accounting error.
Accretive said it expects the restatements to have no impact on total revenue over the life of each existing contract and those that expired prior to 2012. It also said the revisions will not effect the timing or magnitude of cash flow from operations related to those contracts, and could lead to increases in future revenue.

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

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