Today's Winners and Losers: Evergreen Solar

Shares of Sears Holdings(SHLD Quote) were among the Nasdaq's winners Wednesday, climbing 11% after the retailer posted better-than-expected fourth-quarter results.

The company earned $648 million, or $4.03 a share, on revenue of $16.1 billion. Analysts polled by Thomson First Call expected earnings of $3.62 a share on revenue of $16 billion. During the year-earlier period, when Sears' results were not included with Kmart's, the company earned $309 million, or $3.09 a share, on revenue of $6 billion. On a pro forma basis, which assumes that Kmart and Sears had merged at the beginning of fiscal 2004, Sears Holdings would have earned $589 million, or $3.62 a share, on revenue of $16.8 billion during the year-earlier period.

During the most recent period, Kmart posted a comparable-store sales gain of 0.9%, the chain's first increase since the second quarter of 2001. Sears, meanwhile, posted a domestic comparable-store sales decline of 12.2%. The company's shares were trading up $12.57 to $129.84.

Evergreen Solar(ESLR Quote) rose 4% after the maker of solar products received a multi-year supply contract from Germany's Donauer Solartechnik. The deal calls for Evergreen Solar to ship about $125 million worth of photovoltaic modules to Donauer over the next four years. Evergreen said the distribution agreement is the largest in the company's history and its fourth major contract in the past four months. "Donauer has been an outstanding distribution partner for Evergreen Solar for several years, and we look forward to our expanded relationship," Evergreen said in a statement. Shares were up 67 cents to $17.26.

Shares of Magna Entertainment(MECA Quote) fell 9% after the operator of horse racetracks said its chief executive is stepping down. Tom Hodgson, who joined Magna in early 2005, will be replaced on an interim basis by Chairman Frank Stronach. The company said Hodgson was originally hired to develop and implement the company's recapitalization plan, which was announced in July 2005.