Movers roundup: FuelCell Energy, GigaMedia

By Associated Press April 23, 2008 Comments (0)

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Among the stock activity stories for Wednesday, April 23, from AP Financial News:

NEW YORK (AP) _ Shares of FuelCell Energy Inc., which makes fuel cells for electric power generation, jumped 13.1 percent Wednesday after the company said South Korea's Posco Power ordered an unspecified number of power plants and fuel cell modules for $70 million.

NEW YORK (AP) _ Shares of GigaMedia Ltd. rose Wednesday after a Brean Murray Carret & Co. analyst began covering the company with a "Buy" rating, predicting the company can experience 40 percent sales growth in fiscal 2008.

NEW YORK (AP) _ Shares of Baker Hughes Inc. rose Wednesday, a day after the oilfield services provider bested Wall Street estimates by reporting a 5 percent increase in first-quarter profit.

NEW YORK (AP) _ Shares of gold mining companies fell Wednesday after the price of the precious metal dropped to near $900 per ounce, well off last month's high above $1,000 per ounce.

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