Morning Market Losers

NovaBay Pharmaceuticals NBY shares dropped 39.19% to $0.7601 after the company reported that its NVC-422 formulation did not meet primary or secondary endpoints in Phase 2 trial. Real Goods Solar RGSE declined 17.12% to $1.84 after the company reported a Q2 loss of $0.46 per share on revenue of $35.18 million and announced Dennis Lacey as CEO. Roth Capital downgraded Real Goods Solar from Buy to Neutral and lowered the price target from $6.00 to $1.85. Hertz Global Holdings HTZ shares slipped 11.90% to $27.81 after the company withdrew its financial forecast for 2014 due to ongoing audit cost. Tarena International TEDU shares dropped 11.33% to $13.27 after the company issued downbeat sales outlook. China Finance Online Co JRJC shares fell 6.12% to $7.60 after gaining 3.45% on Tuesday. JA Solar Holdings Co JASO dropped 4.10% to $9.58 after the company reported downbeat second-quarter profit. Lowe's Companies LOW declined 2.60% to $50.17 after the company cut its sales growth forecast for fiscal 2014. However, the company reported better-than-expected second-quarter earnings.