Morning Market Losers
Transcept Pharmaceuticals (NASDAQ: TSPT) shares fell 40.63% to $1.90.
FuelCell Energy (NASDAQ: FCEL) slipped 13.46% to $2.05 after the company reported weaker-than-expected second-quarter results. FuelCell Energy reported a Q2 loss of $0.04 per share on revenue of $38.30 million. However, analysts were expecting a loss of $0.03 per share on revenue of $45.18 million.
TIBCO Software (NASDAQ: TIBX) shares dropped 10.44% to $18.62 after the company issued downbeat forecast for the second quarter. Tibco projected adjusted earnings of $0.12 to $0.13 per share on revenue of $250 million to $252 million. However, analysts were expecting earnings of $0.21 per share on revenue of $267 million.
JinkoSolar Holding Co (NYSE: JKS) shares declined 10.18% to $24.27. The Commerce Department on Tuesday announced that it will be imposing tariffs on certain Chinese-made solar panels.
Yingli Green Energy Holding Co (NYSE: YGE) shares dropped 8.17% to $2.71 after the company commented on the US Department of Commerce's tariff plan.
Syntroleum (NASDAQ: SYNM) tumbled 6.74% to $3.32 after the company announced voluntary delisting.
Pandora Media (NYSE: P) slipped 5.78% to $23.19 as DoJ issued statement 'to review rules governing songwriter fees.' The company's listener hours for May surged 28% y/y.
Aegion (NASDAQ: AEGN) shares dropped 2.64% to $22.86 after the company lowered its Q2 earnings forecast to $0.34 to $0.36 per share.
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