Toyota Sees Big Fuel Cell Cost Cuts, Berkshire’s CEO Management, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota is predicting the costs of producing hydrogen fuel cells to be about $51,000, about half the cost it runs now, by 2015, and to halve it again by 2020, a leading executive said. Satoshi Ogiso, a managing officer of Toyota, added that by 2020, the cost of a fuel cell vehicle “will be closer to that of a plug-in hybrid vehicle and cheaper than an electric vehicle,” Automotive News reports. Initially, the vehicles will run about $50,000 to $100,000 at retail.
Berkshire Hathaway (NYSE:BRKA): As Berkshire Hathaway continues to expand, the company is finding it more difficult to manage CEO turnover at its various holdings. “As the company grows and managers get older, [Warren] Buffett can’t always count on his preferred method of naming CEOs, which is to ask leaders of the more than 80 businesses to find their own successors,” Bloomberg reports. The company might begin to follow a new protocol of executive changeovers, modeled after the recent swap at Berkshire’s Benjamin Moore, which has seen its third chief in two years.
Amarin Corp. (NASDAQ:AMRN): On the heels of a 20 percent dive at the end of last week, Leerink Swan analyst Joseph Schwartz has weighed in on Amarin’s briefing document release to the Food and Drug Administration. “Recognizing that FDA briefing documents and advisory committees are meant to be critical and stress test the appropriateness of granting approval, the single discussion and voting questions seem to be framed in a way that could lead to more conservative answers by committee members,” Schwartz said.
KMG Chemicals Inc. (NYSE:KMG): KMG has guided above its fourth-quarter consensus as the company is now seeing earnings per share of 28 cents against the 27 cent analyst consensus, and revenues of $81 million compared to $73.2 million. Additionally, KMG said that it would be delaying the full release of its fourth-quarter and full-year 2013 financial results because it needs additional time to accurately address accounting complexities related to the acquisition of OM Group’s Ultra Pure Chemicals operations.
Starbucks Corp. (NASDAQ:SBUX): Although potentially years off from seeing a retail debut, Starbucks’s Fizzio trademark is causing something of a stir in the beverage world, as it’s believed that the coffee chain is aiming directly at SodaStream’s (NASDAQ:SODA) in-home soda making business. While a Starbucks spokeswoman denied future plans for a soda machine, the company is reportedly already planning a marketing push for it, which poses some complications of its own, Advertising Age reports.