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Stocks Slump As Dollar Gains Momentum (NCIT, TPGI, TFM, FCEL)

U.S stocks slid sharply on Wednesday as bond yields in Spain and Italy rose and polls out of Greece added to the uncertainty over whether it would remain in the euro zone.The Dow Jones Industrial Average fell 151.56 (-1.20%) to 12,429.13, and the Standard & Poor's 500-stock index lost 18.60 (-1.40%) at 1,313.82. The Nasdaq Composite declined 37.47​(-1.31%) at 2,833.52.

NCI Inc (NASDAQ:NCIT) stock surged 39.71% to $4.75 in the morning hour after the company announced that it was an awardee on the $20B ceiling Chief Information Officers-Solutions and Partners (CIO-SP3) Government Wide Acquisition Contract (GWAC). Under the contract, NCI is eligible to compete for task orders in ten functional areas including Healthcare IT Services, Chief Information Officer (CIO) Support, Imaging, Outsourcing, IT Operations and Maintenance, Integration Services, Government Outsourcing, Critical Infrastructure Protection and Information Assurance, Digital Government, Enterprise Management Systems, and Software Development.
Thomas Properties Group, Inc. (NASDAQ:TPGI) shares climbed 18.27% to $4.79 in the early hour after the company entered into a definitive purchase agreement with certain institutional accredited investors affiliated with Madison International Realty with respect to the private placement of 8,695,693 shares of its common stock at a purchase price of $5.75, per share, for expected gross proceeds of approximately $50 million before payment of estimated transaction expenses. The closing of this private placement is expected to occur on or about June 12, 2012, subject to customary closing conditions.
The Fresh Market Inc (NASDAQ:TFM) stock gained 13.24% to $55.33 after the company posted first quarter earnings of $19.3 million, or $0.40 a share, as compared to $13.5 million, or $0.28 a share in the year ago period. Sales were up 23% to $324.8 million. Analysts expected earnings of $0.36 a share on sales of $310 million.
Looking forward, the company now expects fiscal 2012 earnings to grow in between 20% to 25% from fiscal 2011's $1.07 per share to a range of $1.28 to $1.34 per share, comparable store sales growth of 4.5% to 6.5%. Analysts were expecting the Company to report EPS of $1.30 for fiscal 2012.
FuelCell Energy, Inc. (NASDAQ:FCEL) shares soared 10.72% to $1.23 in the morning hour after the company yesterday announced the extension of service agreements with four existing customers for terms up to 15 years. The Direct FuelCell (DFC) power plants are owned by the customers and under the service agreements, FuelCell Energy will continue to operate and maintain the plants. The total value of the service agreements is approximately $15 million.