Meanwhile, solar-energy companies Solarfun Power (SOLF) and JA Solar (JASO) were both cut to sector-perform from outperform by CIBC World Markets, sending Solarfun shares tumbing 15.2% to close at $15, and JA stock sliding 11.6% to end at $24.93.
Elsewhere, health- and personal-products distributor Natural Health Trends (BHIP) will privately sell up to $2.8 million worth of its preferred shares at $1.70 apiece, and communication-equipment maker Symmetricom (SYMM) will have to restate income downward by $800,000, or 2 cents a share, for the six months leading up to Dec. 31. An accounting error is to blame. Natural Health shares lost 15.6% to close at $1.95. Symmetricom was off 4% to close at $7.92.
The Russell 2000 and SmallCap 600 indices each closed down around 0.3%.