First Solar, Dreamworks, YPF, Gentex Percentage Decliners Feb 29th
First Solar, Inc. (NASDAQ:FSLR): Credit Suisse said First Solar’s $235M in cumulative warranty and related charges increases reliability risk and product quality. The firm continues to see risk to $26-$27 area and reiterates its Neutral rating. The shares closed at $32.30, down $4.1, or 11.26%. They have traded in a 52-week range of $42.50 to $163.00.
Dreamworks Animation Skg Inc (NASDAQ:DWA): Dreamworks reported Q4 EPS 29c versus consensus 32c. The shares closed at $17.26, down $2.39, or 12.16%. They have traded in a 52-week range of $16.34 to $28.50.
YPF SA (NYSE:YPF): Shares of Argentinean energy company YPF SA are retreating, after the chairman of the company arrived in Argentina to meet with the nation’s leaders, according to The Buenos Aires Herald. YPF Chairman Antonio Brufau is visiting Argentina amid tensions between the country’s government and the company, after President Cristina Fernndez de Kirchner criticized YPF for not investing enough money in Argentina. Traders are speculating that Fernandez could make a statement about YPF during her State of the Union address tomorrow, according to Reuters. Adding to traders’ concerns, Deutsche Bank quotes a local newspaper as reporting that the president could announce tomorrow that the country’s pension funds will take a controlling stake in YPF. Such a development could be very negative for minority shareholders, warns Deutsche Bank, which nonetheless maintains a Buy rating on the stock. In early afternoon trading, YPF fell $2.92, or 9.54%, to $27.68. The shares closed at $26.23, down $4.37, or 14.28%. They have traded in a 52-week range of $30.33 to $53.47.
Gentex Corporation (NASDAQ:GNTX): Regulators won’t issue a new rule requiring automobile makers to install rearview cameras until the end of 2012, Transportation Secretary Ray LaHood said yesterday, according to The New York Times. Further study of the matter is required, LaHood added. Gentex (NASDAQ:GNTX) markets displays that are used in conjunction with rearview cameras in automobiles. The shares closed at $23.65, down $3.99, or 14.44%. They have traded in a 52-week range of $21.84 to $32.21.
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