Gencor Industries Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Gencor Industries, Inc. is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials. Its geographical segments are United States and Other. The Company's principal products include asphalt plants, combustion systems and fluid heat transfer systems. It also manufactures related asphalt plant equipment, including hot mix storage silos, fabric filtration systems, cold feed bins and other plant components. The Company also manufactures soil remediation machinery, as well as combustion systems for rotary dryers, kilns, fume and liquid incinerators and fuel heaters. Its General Combustion subsidiary also manufactures the Hy-Way heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for an array of industry uses.

Closing Price
$12.58
Day's Change
-0.35 (-2.71%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.74
Day's Low
12.50
Volume
(Light)
Volume:
18,226

10-day average volume:
24,928
18,226

Plug Power's stock surges again, after more than doubling the past 6 days

7:38 am ET January 13, 2021 (MarketWatch)
Print

Shares of Plug Power Inc. (PLUG) charged 7.6% higher in premarket trading, adding to the more than doubling over the past six sessions, after B. Riley Securities analyst Christopher Souther boosted his price target by more than 50%. The stock, which has rocketed 105.2% the past six days to close Tuesday at a 15-year high (http://www.marketwatch.com/story/plug-power-stock-rallies-to-nearly-15-year-high-after-analyst-calls-renault-deal-validating-11610478111), is on track for a 7th-straight gain, which would be the longest win streak since the 7-day stretch ended Nov. 18, 2019. B. Riley's Souther reiterated the buy rating he's had on the stock for at least a couple years but raised his price target to $79 from $52, following the company's announcement of an agreement to launch a joint venture with France-based auto maker Groupe Renault. "We see the agreement as a significant positive for the company in providing a strong partner to build out local manufacturing, hydrogen infrastructure, and R&D for within the European continent," Souther wrote in a note to clients. "We believe that the company's ability to support the entire hydrogen ecosystem has been a key driver of the recent partnership uptick, enabling turn key solutions for hard to decarbonize energy and commercial vehicle sectors." The stock has shot up nearly four-fold (up 286.1%) over the past three months through Tuesday, while the S&P 500 has gained 8.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 13, 2021 07:38 ET (12:38 GMT)

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