Energy Business Roundup: Susser Gets Cramer’s Praise, Plug Power Gets Nasdaq Notice
Vestas Wind (VWDRY.PK) sees its tax credit ready to expire in the United States and orders falling by more than 20 percent year-over-year. Thus far in 2012 the firm has eliminated 800 jobs in the United States and Canada.
Susser Petroleum Partners (SUSP) shares get a thumbs up from Jim Cramer as an ideal dividend stock to hold for the long term. The company brings revenues through long-term fee-based contracts, and claims significant market share in Texas and sufficient growing room, according to Chief Executive Sam Susser appearing on Mad Money.
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Shares of McMoRan Exploration Co. (NYSE:MMR) bumped up Friday for on no big news story, although the firm did declare quarterly cash dividends on its preferred stocks, and the common shares had surged well prior to the announcement.
Plug Power (NASDAQ:PLUG) has received a notice of non-compliance with Nasdaq’s minimum bid price rule. The firm’s common stock has closed below the required $1 per share for the last 30 consecutive business days.
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