First Solar and 4 Stocks Burning Down the S&P 500 Index

The S&P 500 is up 0.02 percent today and is currently at 1,371. These stocks are leading the trend.

First Solar, Inc. (NASDAQ:FSLR): NRG Energy (NYSE:NRG) and First Solar (NASDAQ:FSLR) have reached a deal for the construction, by First Solar, of NRG’s 26 megawatt Avra Valley solar project near Tucson. Upon completion, Arva will provide electricity to Tucson Electric Power, in a purchase contract for 20 years duration. FSLR shares recently traded at $25.99, down $1.5, or 5.46%. They have traded in a 52-week range of $25.29 to $163.00. Volume today was 6,078,478 shares versus a 3-month average volume of 5,620,230 shares. The company’s trailing earnings are $-0.46 per share.

QEP Resources, Inc. (NYSE:QEP): CEO Charles Stanley tells an interviewer at CERA that his company is trimming its expenditures in the Haynesville Shale and that a cease drilling directive is projected near term at the Louisiana field. QEP shares recently traded at $30.52, down $1.47, or 4.6%. They have traded in a 52-week range of $23.56 to $45.20. Volume today was 1,304,876 shares versus a 3-month average volume of 1,783,940 shares. The company’s trailing P/E is 20.38, while trailing earnings are $1.50 per share.

Sears Holdings Corporation (NASDAQ:SHLD) had a huge run up, and now investors are worried the rally might be extended. Shorts are piling back on today and the stock is getting whacked. SHLD shares recently traded at $77.72, down $2.76, or 3.43%. They have traded in a 52-week range of $28.89 to $87.66. Volume today was 1,037,122 shares versus a 3-month average volume of 2,368,490 shares. The company’s trailing earnings are $-29.40 per share.

Electronic Arts (NASDAQ:EA) continues getting pounded as investors worry the company is falling behind social gaming disruptor Zynga (NASDAQ:ZNGA). EA shares recently traded at $,. They have traded in a 52-week range of $ to $. Volume today was  shares versus a 3-month average volume of  shares. The company’s trailing P/E is , while trailing earnings are $ per share.

Alpha Natural Resources, Inc. (NYSE:ANR) subsidiary Kingston Mining, Inc. operations are offline under a closure order, following a fatal accident Saturday evening at its #2 underground mine, in Fayette County, WV. Federal and state officials are investigating the incident, which involved a rib roll, and the company is fully cooperating with the inquiry. ANR shares recently traded at $15.85, down $0.58, or 3.53%. They have traded in a 52-week range of $15.49 to $61.66. Volume today was 7,626,294 shares versus a 3-month average volume of 10,288,600 shares. The company’s trailing earnings are $-3.76 per share.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com