Hot Stocks: McDermott International , OmniVision Technologies, Cereplast, Plug Power

Lakeway, NY -- (SBWIRE) -- 03/04/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

McDermott International (NYSE:MDR) shares fell 15.88% to $10.70 after the company, on Feb. 28, reported fourth quarter net income of $40.5 million or $0.17 per share, as compared with net loss of about $10 million or $0.04 per share a year ago. The company’s revenues were $996 million for the quarter, an increase of 22% from $816 million last year. Analysts estimated earnings of $0.23 per share on revenues of $981.49 million for the quarter.

Is MDR a Strong After The recent price Movement? Let’s Find out Here

OmniVision Technologies, Inc. (NASDAQ:OVTI) shares decreased 11.68% to $13.61. The company, on Feb. 28, reported third-quarter net income of $21.3 million or $0.40 per share, compared to $111 thousand breakeven per share last year Adjusted net income improved to $31.5 million or $0.56 per share from $7.4 million or $0.13 per share last year. Analysts expected earnings of $0.41 per share for the quarter. Revenues for the third quarter grew to $423.5 million from $185.2 million last year. Analysts estimated revenues of $411.35 million for the quarter.

Is OVTI a Strong Buying Opportunity After The Recent Slump? Find out Here

Cereplast Inc (PINK:CERP) shares decreased 10.93% and closed at $0.0334. The company, on Feb. 20, announced the incorporation of a new wholly owned subsidiary, Algaeplast™, Inc. Algaeplast’s focus will be the development and manufacture of algae-based bioplastics.

Additionally, the company, on Feb. 7, announced that it has appointed Mr. Michael Okada as Chief Financial Officer, effective February 5, 2013. Mr. Okada has been the acting Interim Chief Financial Officer of the Company since February 2012.

Is CERP Signaling a Buy Signal After The recent Volatility? Let’s Find out Here

Plug Power Inc (NASDAQ:PLUG) shares fell 9.94% and closed at $0.153. The company, on Feb. 14, announced that it has priced an underwritten public offering of 18,910,000 shares of its common stock and accompanying warrants to purchase 18,910,000 shares of common stock. The shares and the warrants will be sold together as a fixed combination, with each combination consisting of one share of common stock and one warrant to purchase one share of common stock, at a price to the public of $0.15 per fixed combination for gross proceeds of approximately $2.8 million.

Is PLUG a Strong Buying Opportunity After The Recent Gain? Find out Here

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