At the close of Thursday trading action, the Dow Jones Industrial Average (NYSEARCA:DIA) closed up 45 points, or .36%, to 12,623. The S&P 500 (NYSEARCA:SPY) closed up 6 points, or .49%, to 1,314, and the Nasdaq (NASDAQ:QQQ) closed up 18 points, or .67%, to 2,788. Here were the biggest price losers on Wall Street today:
Trina Solar Limited (NYSE:TSL): Jefferies believes negative headlines from the Solarworld trade case, which it says could come as early as February 14, will derail the short covering rally in the solar space. The firm believes solar stocks are not pricing in the near-term risk of both anti-dumping and countervailing duties imposed on Chinese solar imports. Further, Jefferies’ channel checks indicate continued price weakness for modules and polysilicon, sequential demand destruction in Q1, and ample inventory in the channel. The shares closed at $8.28, down $1.53, or 15.6%. They have traded in a 52-week range of $5.28 to $31.08.
BankUnited (NYSE:BKU): The shares closed at $22.58, down $2.37, or 9.5%. They have traded in a 52-week range of $18.92 to $29.90.
First Solar, Inc. (NASDAQ:FSLR): The shares closed at $38.70, down $4.29, or 9.98%. They have traded in a 52-week range of $29.87 to $175.45.
Johnson Controls, Inc. (NYSE:JCI): Cuts FY12 EPS view to $2.70-$2.85 vs. consensus $2.96. Prior view was $2.85-$3.00. The company sees lower residential HVAC demand In FY12. The shares closed at $32.46, down $3.12, or 8.77%. They have traded in a 52-week range of $24.29 to $42.92.
Ku6 Media Co., Ltd. (NASDAQ:KUTV): The shares closed at $2.08, down $0.52, or 20%. They have traded in a 52-week range of $0.75 to $8.12.
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