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$MNGA MagneGas Receives Analyst Upgrade (MNGA)

MagneGas (MNGA) is a stock in the energy sector, but it has nothing to do with oil. The company owns a patented process for converting liquid waste to fuel that can be used for cooking and heating, as well as for metal work and for powering automobiles that can utilize natural gas. The stock has been trending sideways since mid-November, and the volume has been low. This is an important development because the stock recently had a large drop in price. A solid base could be the foundation for a recovery. (See also: Does MagneGas Stock Have a Future?) Such a recovery could be driven by the company’s expansion. MagneGas has signed a letter of intent to acquire all outstanding shares of a coal combustion