Morning Buzz: Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), General Motors Company (NYSE:GM), HCBK, BP plc (NYSE:BP), Ocean Power Technologies, Inc. (NASDAQ:OPTT)

Cowen and Company initiated coverage on shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)a research note issued on Thursday. The firm set an “outperform” rating and a $23.00 price target on the stock. Cowen and Company’s price target indicates a potential upside of 32.34% from the company’s current price. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) belongs to Basic Materials sector. Its net profit margin is … Continue reading Morning Buzz: Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), General Motors Company (NYSE:GM), HCBK, BP plc (NYSE:BP), Ocean Power Technologies, Inc. (NASDAQ:OPTT)

Diversified Machinery Volatile Stocks: Ocean Power Technologies (NASDAQ:OPTT), China Ming Yang (NYSE:MY), Ideal Power (NASDAQ:IPWR), Twin Disc (NASDAQ:TWIN)

Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced that Victorian Wave Partners Pty. Ltd. (“VWP”), has received approximately A$5.0 million in initial grant funding from the Australian Renewable Energy Agency (“ARENA”). VWP is a project-specific entity wholly-owned by Ocean Power Technologies (Australasia) Pty. Ltd. (OPTA), which is 88% owned by OPT. Ocean Power Technologies Inc (NASDAQ:OPTT) stock performance was 8.85% in last session and finished the day … Continue reading Diversified Machinery Volatile Stocks: Ocean Power Technologies (NASDAQ:OPTT), China Ming Yang (NYSE:MY), Ideal Power (NASDAQ:IPWR), Twin Disc (NASDAQ:TWIN)

Diversified Machinery: Caterpillar Inc. (NYSE:CAT), General Electric (NYSE:GE), United Technologies Corporation (NYSE:UTX), Ocean Power (NASDAQ:OPTT)

Caterpillar Inc. (NYSE:CAT) has launched its new wheel tractor scrapers at CONEXPO. The new Cat 620 K Series Wheel Tractor scrapers “refine the design of their H Series predecessors,” the machinery manufacturer said. Caterpillar Inc. (NYSE:CAT) stock performance was -0.02% in last session and finished the day at $96.82. Traded volume was 4,448,497 million shares in the last session and the average volume of the … Continue reading Diversified Machinery: Caterpillar Inc. (NYSE:CAT), General Electric (NYSE:GE), United Technologies Corporation (NYSE:UTX), Ocean Power (NASDAQ:OPTT)