MagneGas Corporation (MNGA) Rating Increased to Hold at Zacks Investment Research
Separately, Rodman & Renshaw reissued a “buy” rating and set a $3.00 price objective on shares of MagneGas Corporation in a report on Saturday, January 7th.
MagneGas Signs Definitive Agreements for $2.65 Million Equipment Sale to German Company; Largest Single Sale in Company History
$2.65 Million Equipment Contract Includes Sale of Gasification System, Sterilization System, and MagneGas2œ Fuel; Agreement Includes Royalties and Expansion Rights
The first payment of $1.35 million is due in 90 days with progress payments due thereafter with set construction and delivery milestones.