NASDAQ Losers: China BAK Battery (NASDAQ:CBAK), MagneGas Corporation (NASDAQ:MNGA), Ballard Power Systems (NASDAQ:BLDP), KiOR Inc (NASDAQ:KIOR)

Technology Stocks News 10

TheStreet Ratings team rates CHINA BAK BATTERY Inc. (NASDAQ:CBAK) as a “sell” with a ratings score of D. China BAK Battery Inc. (NASDAQ:CBAK) stock performance was -12.11% in last session and finished the day at $3.92. Traded volume was 787,372 million shares in the last session and the average volume of the stock remained 351.85 million shares. The beta of the stock remained 2.50. China BAK Battery Inc. (NASDAQ:CBAK) insider ownership is 33.85%.

Magnegas Corporation (NASDAQ:MNGA)’s stock climbed 13.43% to $1.69. The company on Mar. 14 said it will be exhibiting and its CEO will be moderating a panel called “Making it Work: How Digester Designs Evolve to Meet Unique Operating Conditions,” at the 7th Annual International Biomass Conference & Expo. MagneGas Corporation (NASDAQ:MNGA) dropped -8.72 percent to $1.36 yesterday on volume of 14.93 million shares. The intra-day range of the stock was $1.26 to $1.88. MagneGas Corporation (NASDAQ:MNGA) has a market capitalization of $34.79 million.

Ballard Power Systems dropped 9% on a bad day for fuel-cell stocks generally, as peers Plug Power Inc and FuelCell Energy Inc declined 3% and 7% respectively. Skeptics have started raising the question of whether fuel-cell stocks truly have the growth potential that their recent share-price performance suggests, and one problem that Ballard and its industry counterparts face is that even though their technology is in the spotlight right now, trends among alternative energy producers tend to run hot and cold over time, suggesting that now could be a bad time to get into the space. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)’s stock on Mar18, 2014 reported a decrease of -8.29% to the closing price of $4.76. Its fifty two weeks range is $0.76 -$8.38. The total market capitalization recorded $520.52 million. The overall volume in the last trading session was 13,737,700 million shares. In its share capital, Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has 99.36 million outstanding shares.

Shares of KiOR Corp. (NASDAQ:KIOR) slipped to an all-time low of $0.60 a share Tuesday after it filed its annual report with the U.S. Securities and Exchange Commission (SEC). In that report the company said, “We have substantial doubts about our ability to continue as a going concern.” That kills a stock’s price every time. On Tuesday, shares of KiOR Inc (NASDAQ:KIOR) dropped -39.24% to close the day at $0.650. Company’s monthly performance is recorded as -41.96%. KiOR Inc (NASDAQ:KIOR) quarterly revenue growth is -58.59%.

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