11 Stocks to Watch: Lloyds, First Solar

(TheStreet) -- London-based Lloyds (NYSE: LYG) plans to cut 15,000 jobs in an effort to save 1.5 billion pounds ($2.4 billion) a year by 2014. HSBC (NYSE: HBC) said it will cut 700 jobs across the U.K. as the banking giant braces for changes in financial services regulations that could weaken demand for its services.

Lloyds was surging by 7.8% to $3.05, while HSBC was unchanged at $49.30 in premarket trading Thursday.

Shares of First Solar (NASDAQ: FSLR) were spiking by 6.5% to $137.89 on reports that the U.S. Department of Energy will provide the company will an additional $4.5 billion in loan guarantees for three California solar projects.

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