Tech Sector Bearish Stocks: Trina Solar (NYSE:TSL), NII Holdings (NASDAQ:NIHD), (NYSE:WUBA), GigaMedia Limited (NASDAQ:GIGM)

ReneSola has struggled for years, with its heavy debt load and weak margins putting it at a competitive disadvantage to stronger companies like Trina Solar Limited (ADR) (NYSE:TSL) and JinkoSolar. Yet more recently, greater demand for solar modules has put a floor under prices, and a shakeout among the large number of Chinese solar companies has started to separate the winners from the losers. Trina Solar Limited (ADR) (NYSE:TSL) stock performance was -8.85% in last session and finished the day at $14.22. Traded volume was 8.08million shares in the last session and the average volume of the stock remained 5.14million shares. The beta of the stock remained 3.17.

NII Holdings Inc (NASDAQ:NIHD) was downgraded by investment analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, reports. NII Holdings Inc (NASDAQ:NIHD) dropped -11.54 percent to $1.15 Monday on volume of 5.35million shares. The intra-day range of the stock was $1.13 to $1.20. NII Holdings Inc (NASDAQ:NIHD) has a market capitalization of $198.30million.

Analysts believes that the IPOs of online marketplace Inc (ADR) (NYSE:WUBA) and travel-booking site Qunar in the second half of 2013 opened the door for another round of US stock offerings by Chinese Internet companies. Inc (ADR) (NYSE:WUBA)’s stock on Mar 24, 2014 reported a decrease of -7.07% to the closing price of $43.00. Its fifty two weeks range is $21.00 -$58.89. The total market capitalization recorded $3.34billion. The overall volume in the last trading session was 1.37million shares. In its share capital, WUBA has 22.12million outstanding shares.

GigaMedia Limited (NASDAQ:GIGM) released the prelim results for its 4Q operations on 21st March. The good tidings that the announcement conveyed sent the stock coasting upwards to post a 9.5 percent increase over its previous day close. On Monday, shares of GigaMedia Limited (NASDAQ:GIGM) dropped -10.47% to close the day at $1.54. Company return on investment (ROI) is -17.80% and its monthly performance is recorded as 16.67%. GigaMedia Limited (NASDAQ:GIGM) quarterly revenue growth is 55.56%.

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