News Alert: Capstone Turbine Corporation, Fifth & Pacific Companies Inc, Crosstex Energy, Foster Wheeler

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, 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:-

Capstone Turbine Corporation (NASDAQ:CPST) shares jumped 3.38% to $0.970. The company, last week, announced that Jim Crouse will testify on behalf of the U.S. Combined Heat & Power Association. Mr. Crouse will sit on a panel at the hearing that will feature representatives from a wide range of private industries to discuss innovation in energy savings performance contracts, combined heat and power systems, and industrial efficiency technologies.

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Fifth & Pacific Companies Inc (NYSE:FNP) shares climbed 3.18% and closed at $18.51. Analysts at Sterne Agee initiated coverage on shares of FNP in a research report issued to clients and investors this week. The firm set a “buy” rating and a $26.00 price target on the stock.

Additionally, the company, on Feb. 21, reported fourth-quarter income from continuing operations of $61 million or $0.50 per share from $245 million or $2.04 per share in the year-ago quarter. However, adjusted earnings per share from continuing operations rose to $0.12. Net sales for the quarter grew 8.8% to $487 million.

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Crosstex Energy, L.P. (NASDAQ:XTEX) shares gained 3.17% to $18.24. Analysts at Credit Suisse boosted their price target on shares of XTEX from $19.00 to $20.00 in a research report issued to clients and investors on Mar. 4.

Additionally, the company released its earnings data on March 1. The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.29) by $0.22. The company had revenue of $525.98 million for the quarter, compared to the consensus estimate of $445.12 million.

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Foster Wheeler AG (NASDAQ:FWLT) stock climbed 3.12% to $20.49. Canaccord Genuity reiterated its Buy rating on FWLT this week, but lowered its price target from $34.50 to $30.00.

Additionally, the company, on Mar. 1, reported fourth quarter net income of $6.30 million or $0.06 per share, sharply lower than $39.25 million or $0.34 per share in the prior-year quarter. Adjusted net income for the quarter was $28.94 million or $0.27 per share, compared to $44.78 million or $0.39 per share in the year-ago quarter. Analysts expected the company to report earnings of $0.46 per share for the quarter. Operating revenues for the quarter declined to $735.28 million from $1.13 billion in the same quarter last year, and missed analysts' consensus estimate of $976.55 million.

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