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Exide Technologies (XIDEQ)

- OTCPK - Current
  • Jun. 18, 2013, 9:06 AM
    Exide Technology (XIDE) jumps 17.65% after a judge ruled that the maker of lead-acid batteries can reopen a plant in California that was closed by the state's Department of Toxic Substances Control. The permission to reopen is pending a hearing next month. The department had ordered Exide, which recently filed for Chapter 11, to suspend operations at the plant in April, saying the facility's arsenic emissions posed “an unacceptable risk to public health.”
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  • Jun. 11, 2013, 3:23 PM
    Exide (XIDE +20%) gets interim court approval of a variety of motions towards its restructuring, including the approval of its $500M Debtor-in-Possession financing agreement with JPMorgan Chase to continue the uninterrupted operation of its global business. Standard & Poors cuts its rating to D on the news.
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  • Jun. 10, 2013, 8:40 AM
    Exide technology (XIDE) shares collapse 36% after the acid-battery maker files for Chapter 11.
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  • Jun. 6, 2013, 4:41 PM
    Exide Technologies (XIDE -16.3%) is preparing to file for potential bankruptcy protection by this summer, WSJ reports. Any filing likely wouldn't include XIDE's European operations, which account for more than half the company's revenues. XIDE carries ~$700M in debt, and there's concern it won't be able to repay a ~$56M convertible note due in September.
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  • May. 24, 2013, 2:01 PM
    Polypore International (PPO -2%) slips on a tepid initiation at Ascendiant Capital with a Neutral and a $45.50 price target. The firm says the stock is trading a premium to its peers, and appears fairly valued based on current metrics. Also adding to the weakness in the shares today could be the plunge in Exide (XIDE -43%).
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  • May. 24, 2013, 1:37 PM
    Shares of Exide Technologies (XIDE -43%) collapse to a nine year low on a report that it's hired Lazard and Akin Gump Strauss Hauer & Feld to advise on a restructuring, including a possible Chapter 11 filing. The company had initially engaged Deutsche Bank last year to lead a global refinancing, but the effort failed, and management is now pursuing more aggressive restructuring alternatives amid a looming September maturity on its convertible notes.
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  • May. 17, 2013, 11:43 AM
    A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
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  • Apr. 26, 2013, 1:03 PM
    Midday top 10 gainers: LOGM +24%. LAS +17%. CTCT +16%. NR +15%. DQ +15%. WBSN +14%. QLIK +13%. CPGI +13%. SPWR +12%. CSIQ +12%.
    Midday top 10 losers: DYAX -32%. HXM -23%. DLA -16%. IKAN -16%. KEG -15%. FALC -14%. COBR -13%. PKI -13%. XIDE -12%. MMSI -12%.
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  • Apr. 26, 2013, 11:30 AM
    Exide Technologies (XIDE -11.8%) sinks for a second day after regulators effectively force the closure of a California lead recycling center. Wedbush analyst Craig Irwin downgrades the shares to Neutral and lowers his price target to $2 from $6. The closure "raises issues around a potential impact on the balance sheet and near-term profitability," he says. Shares are now trading under $1.
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  • Apr. 25, 2013, 9:12 AM
    Premarket gainers: MPG +23%. INFN +19%. AKAM +17%. FIO +16%. CLF +8%. YNDX +7%. NXST +7%. NOW +7%. CAB +6%. CAKE +6%.
    Losers: XIDE -15%. WHX -14%. INTU -13%. ZNGA -9%. MLNX -8%. AVEO -7%. CTXS -7%.
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  • Apr. 25, 2013, 9:05 AM
    Exide Technologies (XIDE) sinks before the bell after suspending operations at a lead recycling center in California. The state claims XIDE's underground stormwater system doesn't comply with regulations and also alleges the company's furnace emissions aren't up to par. XIDE is "evaluating legal and regulatory remedies." Shares -15% premarket.
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  • Apr. 5, 2013, 9:10 AM
    Premarket gainers: XIDE +31%. NIHD +10%. NVAX +5%.
    Losers: RIGL -36%. FFIV -18%. RDWR -18%. JNPR -7%. CBMX -5%.
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  • Apr. 5, 2013, 8:53 AM
    Exide Technologies (XIDE) +34.3% premarket after yesterday's 47.5% plunge. The battery manufacturer announced last night it hired Lazard to review financing options to maximize shareholder value and that it expects FQ4 free cash flow generation to exceed previous guidance. Maxim defends the stock, and believes the current difficulties are temporary.
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  • Apr. 4, 2013, 2:57 PM
    Exide Technologies (XIDE -49%) resumes trading after a brief halt and plunges; the move is attributed to news suggesting the company has hired Lazard and Akin after traditional refinancing efforts stalled. Also, a Los Angeles Times story out last night discussed potential arsenic concerns at its L.A.-area battery recycling factory.
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  • Mar. 13, 2013, 11:21 AM
    Exide Technologies (XIDE -0.7%) slips after Moody's lowers its credit ratings by one notch, citing the battery manufacturer's weak operating margins. It also cut its corporate family ratings to Caa1, seven steps into junk territory, from B3. The outlook is negative.
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  • Feb. 7, 2013, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: XIDE +13%. LLNW +10%. LNKD +10%. MOH +7%. MCHP +7%.
    After-hours top losers: NUAN -14%. CSTR -8%. RVBD -7%. BPZ -6%. MTOR -5%.
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