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.
How Should Investors Trade CPST After The Recent Movement? Find Out Here
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.
Is FNP Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
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.
Is XTEX a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
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.
Is FWLT a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)