Movers & Shakers: First Solar shines on Apple deal; Tesla slides ahead of earnings

SAN FRANCISCO (MarketWatch) — Here are stocks making notable moves in the market on Wednesday:


First Solar Inc. FSLR, +1.19%  late Tuesday said Apple has committed $ 848 million to get 130 megawatts of power from First Solar’s California Flats solar project in Monterey County, Calif.

Mondelez International Inc.’s MDLZ, +2.68%  shares gained after the snacks giant beat fourth-quarter profit expectations.

Genworth Financial Inc. GNW, +6.02%  late Tuesday it swung to a fourth-quarter loss of $ 760 million, or $ 1.53 a share, from a profit of $ 208 million, or 42 cents a share, a year earlier. The insurer said it was restructuring operations to save $ 100 million in expenses over the next two years.

Akamai Technologies Inc. AKAM, +2.76%  after Tuesday’s close reported adjusted quarterly profit and revenue that topped Wall Street’s forecasts.

Rite Aid Corp. RAD, +9.76%  said it has agreed to buy TPG’s EnvisionRx in a deal valued at about $ 2 billion.


After Wednesday’s closing bell, Tesla Motors Inc. TSLA, -2.75%  is projected to report adjusted fourth-quarter earnings of 30 cents a share, according to a consensus survey by FactSet.

AOL Inc. AOL, -12.63% reported adjusted quarterly earnings that beat expectations, but fell short on revenue.

Pioneer Natural Resources Co. PXD, -5.68%  reported fourth-quarter adjusted earnings of 80 cents a share, short of 93 cents a share forecast by analysts.

Energy stocks were again battered as crude oil traded below $ 50 a barrel. Denbury Resources Inc DNR, -3.66% QEP Resources Inc. QEP, -4.18% and Nabors Industries Ltd. NBR, -3.11%  are among the biggest losers.    

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