Converted Organics (COIN) popped a bit this morning with volume when it announced that Whole Foods (WFMI) has been carrying its organic fertilizer product in quite a few more stores this year over last year. COIN never misses a chance to get a positive press release out and they didn’t miss this opportunity either. Whole Foods carried the product in just 18 stores last year, but this year is carrying it in 84 stores.
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Plug Power (PLUG) got another pop in its stock over an hour ago after it was announced that Whole Foods Market (WFMI) will use 61 GenDrive fuel cell powered forklifts at a distribution plan in Landover, Maryland. The company expects that converting to GenDrive fuel cells will increase production efficiency while reducing emissions up to 80%.
Shares have been pulling back after the initial spike and remain down about 4% today. … Read the rest