American DG Energy (ADGE) Soars on Debt Reduction; UBS Boosts PT on Ferrari (RACE)
American DG Energy Inc. (NYSEMKT:ADGE) shares skyrocketed more than 158% to touch the $0.62 mark in intraday trading Wednesday after the company said that it has reduced its outstanding convertible debt by $9.3 million.
The On-Site Utility provider expects to release its first quarter 2016 earnings report on Friday, May 13, before the opening bell
ADGE stock is exchanging hands at $0.43, up $ 0.19 (or +80.76%) with 1,995,647 shares traded so far, representing a large increase in activity verus its average volume (3m) of 13,318
American DG Energy, which supplies low-cost energy to its customers through distributed power generating systems, has 50.68M Shares Outstanding and ADGE stock 52-week range is between $0.24 and $0.86 per share.
Brokerage firm UBS maintained a Buy rating while boosting its price target on shares of Ferrari N.V. (NYSE:RACE) from $48.00 to $50.00
The Italian luxury carmaker company said that its first quarter 2016 revenue climbed 8.8% year-over-year to Euro 675 million, while net profit jumped 19% to Euro 78 million versus the same period the prior year
RACE stock is trading at $44.18, up $0.23 (or +0.52%), and 310,334 of its shares exchanged hands so far
Ferrari, which is focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars, has 188.92M Shares Outstanding and RACE stock one-year range is from $31.66 to $60.97 per share.
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