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Shares in industrial software company PTC (NASDAQ: PTC) were lower by 8.8% in the week to Thursday afternoon. Q1 earnings weren't the issue; they aligned with management's previous guidance.
Solapur Super Thermal Power Station is under construction located at Fatatewadi and Aherwadi village in Solapur district in Indian state of Maharashtra. The power plant is one of the coal based power plants of National Thermal Power Corporation Limited (NTPCL) .
In fact, two software stocks, Adobe (NASDAQ: ADBE) and PTC (NASDAQ: PTC) have headed in the other direction. During the same time period, Adobe and PTC have fallen about 27% and 8%, respectively.
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The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
Singrauli Super Thermal Power Plant is located at Shaktinagar in Sonebhadra district in Indian state of Uttar Pradesh. [1] The power plant is the first power plant of NTPC. [2] [3] It sources coal from Jayant and Bina mines and water from Rihand Reservoir.
PTC Inc. (PTC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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