Alternative Investment Opportunities: Plug Power Inc(PLUG), Aeropostale Inc(ARO) and Organovo Holdings Inc(ONVO)
New York, NY – GDP INSIDER – 02/18/2015.
This article discusses three companies: Plug Power Inc(NASDAQ:PLUG), Aeropostale Inc(NYSE:ARO) and Organovo Holdings Inc(NYSEMKT:ONVO).
Plug Power Inc(NASDAQ:PLUG) is still not yet able to fully capitalize on the growth in the global fuel cell market and is lagging behind its competitors. The stock closed down 0.32% at $3.14 trading at about half its 3 month average trading volume of 5.5 million shares. Despite the company’s slow progress, management has managed to improve the financial stability of the company by reducing debt and giving it a healthy cash balance of $150 million and a current ratio of 9.12. If management keeps on this steady course the shares have good medium to long term investment potential.
Aeropostale Inc(NYSE:ARO) stock is still surging ahead after it announced last week that it was significantly revising its earnings and revenue forecast for Q4 from -$0.25 cents per share to between -$0.01 and -$0.06 per share. The stock closed yesterday up 4.13% at $3.78 meaning the stock has gained more than 50% in the last week. Despite these gains the casual apparel retailer is still a long way from its 52 week high of $7.74 a year ago. If the Q4 results are in line with the forecast however, there could be significant gains still to come.
Organovo Holdings Inc(NYSEMKT:ONVO) the biotechnology company that creates 3D tissue for medical researchers closed up 1.42% yesterday at $6.43 with 1.2 million shares traded, slightly above its 3 month average daily volume. The company has been struggling to capitalize on its latest breakthroughs causing its sales and revenue to fluctuate quarter on quarter. Overall, Organovo is still in a strong financial position and if it can inspire the market to embrace its new products then the company has the potential to be a great investment in the medium to long term.
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