Morning Losers for Friday, March 14, 2014

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  • ZBB Energy ZBB - down 19.8% - Prices 5.5M shares at $2.25/share.
  • Aeropostale ARO - down 13.8% - Reports Q4 EPS of $(0.35) vs $(0.31) est; revenue of $670.0M vs $684.93M est. Sees Q1 oper. EPS $(0.70)-(0.75).
  • Zogenix ZGNX - down 7.9% - Joe Manchin (D-W. Va.) submits bill to pull the company's hydrocodone pain killer Zohydro from the market.
  • Plug Power PLUG - down 5.6% - Cowen & Co. downgraded stock from Outperform to Market Perform and raised price target from $5.50 to $7.50. Roth Capital downgraded stock from Buy to Neutral and raised price target from $0.80 to $8. Down in sympathy is BLDP (-3.8%) and FCEL (-3.9%).
  • TICC Capital TICC - down 3.4% - Begins offering of 6M shares of common stock.
  • General Mills GIS - down 2.7% - Sees Q3 EPS $0.61-0.62 vs $0.68 est. Reaffirms FY2014 EPS $2.87-2.90 vs $2.88 est.
  • GT Advanced Technologies GTAT - down 2.6% - May supply only 9 to 16% of iPhone sapphire screen covers in ‘14.
  • Ocean Power Technologies OPTT - down 2.3% - Reports Q3 EPS of $(0.06) which may not compare to the estimated $(0.31). EPS were Up 86% from the same quarter last year.
  • U.S. Steel X - down 2.2% - Downgraded from Neutral to Underperform by Credit Suisse.
  • General Motors GM - down 1.3% - Falling again after dropping 2.2% Thursday on news company knew of faulty ignition switches as far back as 2001. The company has yet to determine the exact nature of the problem which has been linked to the deaths of 12 people.
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