The stock market largely avoided any major moves on Friday, as investors got a brief respite from the severe downdraft that they've had to suffer during the past two days. As earnings season comes to a close, macroeconomic factors will play a bigger role, and that could spell trouble if economies around the world don't start showing greater strength. Even with signs of stability in the broader market, Canadian Solar (NASDAQ:CSIQ), Just Energy Group (NYSE:JE), and World Wrestling Entertainment (NYSE:WWE) couldn't avoid substantial losses on Friday.

Source: Canadian Solar.

Canadian Solar fell 13% as the solar company's poor guidance and mixed financial results weighed on investor sentiment. Shipments of solar modules rose to 500 megawatts from 340 in the year-ago quarter, helping send revenue up 77% and reverse a year-ago loss with a modest profit in the first quarter. Yet, those shipments were down about 20% sequentially compared to the fourth quarter. Moreover, Canadian Solar projected current-quarter revenue of just $560 million to $590 million, which is about 7% to 12% below what investors expected to see from the company, and its full-year revenue guidance was also on the low end of expectations. Canadian Solar hopes to broaden its purview to get more exposure to the Japanese solar market; but for now, relying on China is a dangerous game that shareholders have to endure.

Just Energy Group plunged 17% as the Canadian natural-gas and electricity-utility provider and solar-panel installer reported quarterly results last night. Just Energy saw total revenue climb 28%, with growth in its customer base of 5%, to 4.7 million, and gross customer additions of more than 1.43 million, setting a new record. Yet, the tough winter months proved to be a substantial obstacle to Just Energy's marketing, which, in part, involves door-to-door solicitation, and attrition rates among existing customers climbed from 12% in fiscal 2013 to 15% in the just-ended fiscal year. With renewal rates of just 68%, Just Energy needs to demonstrate that it can compete in the increasingly cutthroat environment of competitive utility markets.

Source: WWE Network.

World Wrestling Entertainment plummeted 43% after the wrestling giant's newest U.S. television deal with NBC Universal revealed some huge risks for the company's future. Ordinarily, a multi-year partnership with a major network would be a positive thing, but investors had expected the value of a WWE Network deal to be much higher than what the revenue boost that appears most likely under the newly announced deal. Between ensuring that pay-per-view sales continue at past levels, while also wooing potential subscribers to the WWE Network, World Wrestling Entertainment is taking a much bigger risk with its future, and shareholders need to understand that risk before continuing to hold onto the stock.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.