EMCORE Corporation (Nasdaq:EMKR) reached up 14.46% in morning trading to $.99 with 3M shares traded. EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets. EMCORE's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV), and fiber-to-the-premises (FTTP) networks. EMCORE's Photovoltaics segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells, and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. EMCORE Corporation (Nasdaq:EMKR) announced yesterday its financial results for its fourth quarter and fiscal year ended September 30, 2011. - Q4 revenue was $52.1 million, representing 5% sequential increase and in line with guidance - Management provides update on operations related to impact from floods in Thailan.
MGT Capital Investments, Inc. (AMEX: MGT) reached up 32% in morning trading to $.066 with 220K shares traded. MGT is a holding company comprised of MGT, the parent company, and its wholly-owned subsidiary MGT Capital Investments (U.K.) Limited. In addition they also have a controlling interest in our subsidiary, Medicsight Ltd, including its wholly owned subsidiaries. MGT Capital Investments, Inc. (AMEX: MGT) announced yesterday that it has raised approximately $780,000 in a direct rights offering to its shareholders. All 31,240,472 shares subject to subscription rights were sold pursuant to the Basic Subscription Privilege and the Oversubscription Privilege described in the Prospectus. In addition, there were unfulfilled oversubscription requests to purchase an additional 9,996,453 shares.
Ballard Power Systems (NASDAQ: BLDP) reached up 8.42% in morning trading to $1.1601 with 300K shares traded. Ballard Power Systems (TSX: BLD.TO) (NASDAQ: BLDP) provides clean energy fuel cell products enabling optimized power systems for a range of applications. Products are based on proprietary esencia™ technology, ensuring incomparable performance, durability and versatility. Ballard Power Systems announced yesterday they have signed a Letter of Intent (LOI) with The City of Sao Paulo, Brazil for 25 FCvelocityTM-HD6 fuel cell modules to power 25 buses in that city. Delivery of the modules is planned for 2012. A final agreement with The City of Sao Paulo is now in negotiation.
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