On Friday, Shares of New York Community Bancorp, Inc. (NYSE:NYCB), lost -0.17% to $18.13.
New York Community Bancorp, declared that it anticipates to issue its earnings release for the three and nine months ended September 30, 2015 at about 7:00 a.m. Eastern Daylight Time (EDT) on Wednesday, October 21, 2015. The release will be posted to the Company’s website, ir.myNYCB.com, upon issuance.
The Company will conduct a post-earnings conference call at 8:30 a.m. (EDT) on the same date, during which President and Chief Executive Officer Joseph R. Ficalora will discuss highlights of the Company’s third quarter 2015 performance, in addition to its business strategies. The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on November 18, 2015.
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona.
Shares of Plug Power Inc (NASDAQ:PLUG), declined -6.76% to $1.93, during its last trading session.
Plug Power, reliable energy solutions strongly supports the Fuel Cell Tax Extenders Act of 2015 introduced by Representative John Larson (CT-01) with original co-sponsors Representatives Paul Tonko (NY-20) and Chris Gibson (NY-19) on Friday, September 18, 2015. The bi-partisan bill will extend federal incentives for residential, commercial and vehicular fuel cell use in addition to extend and expand credits for hydrogen infrastructure. This legislation will provide important certainty for fuel cell manufacturers and Plug Power’s GenDrive and ReliOn customers.
The current tax incentives for fuel cell vehicles and hydrogen infrastructure are set to expire at the end of this year, while the fuel cell investment tax credit for material handling and stationary fuel cells will end on December 31, 2016. This legislation will extend all of the credits through the year 2021. The Fuel Cell Extenders Act of 2015 assists to level the playing field, enabling customers of all sizes to invest in new business-improving technology like hydrogen fuel cells.
“The existing tax credits have been very successful in sparking great interest and demand for hydrogen and fuel cell solutions, thus passing this bill now will assist keep that momentum strong,” said Andy Marsh, CEO at Plug Power. “I commend Representatives Larson, Tonko and Gibson for their steadfast support for hydrogen fuel cell technology adoption and for Plug Power’s continued growth.”
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.
At the end of Friday’s trade, Shares of Q2 Holdings Inc (NYSE:QTWO), lost -8.39% to $23.80.
Q2 Holdings, declared the pricing of its follow-on public offering of 3,798,996 shares of its common stock at a price to the public of $25.50 per share. Q2 is offering 853,409 shares of common stock and certain existing stockholders of Q2 are offering 2,945,587 shares of common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 569,850 shares of common stock from certain of the selling stockholders, on the same terms and conditions. Q2 will not receive any proceeds from the sale of the shares by the selling stockholders.
J.P. Morgan and Stifel are serving as joint book-running managers for the offering with Raymond James, Canaccord Genuity and Needham & Company acting as co-managers.
Q2 Holdings, Inc. provides secure cloud-based virtual banking solutions to regional and community financial institutions (RCFIs). It offers Q2online, a browser-based virtual banking solution that delivers RCFI-branded virtual banking capabilities, such as account access, check balancing, funds transfers, bill pay, processing recurring payments, statement viewing, and new products and service applications; supports single and batch ACH processing, payroll, state and federal tax payments, and domestic and international wires; and provides administration functionality.
Finally, Terex Corporation (NYSE:TEX), ended its last trade with 1.84% gain, and closed at $17.14.
Terex Corporation, declared that it has received the requisite consents with respect to its formerly declared consent solicitation from holders of its 6.00% Senior Notes due 2021 (the “2021 Notes”) and 6.50% Senior Notes due 2020 (the “2020 Notes” and together with the 2021 Notes, the “Notes”) to certain projected amendments to the indentures governing the Notes. The consent solicitation was conducted in connection with the formerly declared merger (the “Merger”) of Terex with Konecranes Plc, a Finnish public company limited by shares (“Konecranes”).
The consent solicitation expired at 5:00 p.m., New York City time, on September 4, 2015 (the “Expiration Time”). As of the Expiration Time, Terex had received the requisite consents needed to approve the projected amendments to the indentures governing the Notes. These consents cannot be revoked.
Having received the requisite consents for each series of Notes, Terex intends to promptly execute supplemental indentures covering the projected amendments to the indentures, as described in greater detail in the Consent Solicitation Notice (the “Notice”) formerly offered to holders of Notes. The terms of the supplemental indentures will not become operative unless and until the remaining conditions to the consent solicitation have been satisfied or waived.
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names.
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