American Superconductor (AMSC) is up about 3% in premarket trading after affirming 2009 guidance and guiding 2010 EPS above analyst estimates. For 2009, the company sees revenues of $300 – 310 million and an EPS of .59 – .64 both of which are about what analysts expect. For 2010, the company sees revenues of more than $400 million and an EPS of more than $1.15 which is significantly greater than the $1.04/share analysts are estimating … Read the rest
Tag Archives: earnings guidance
Trina Solar (TSL) Issues Guidance, Announces Follow On Offering
Trina Solar (TSL) provided guidance for this quarter, next quarter and the full year 2009 after the bell today.
For the 2nd quarter, the company narrowed its shipment estimate from 60 – 65MW to 63 – 65MW. The company expects revenues in the range of $148 – 152 million, a 25% haircut from the year ago quarter.
For next quarter, the company expects to bump up shipments to 90 – 110MW and expects the full … Read the rest
China Sunergy (CSUN) Provides Positive Guidance; Shipments & Margins Better Than Expected
China Sunergy (CSUN) is out with some positive comments about the most recent quarter, saying that solar cell shipments have slightly exceeded the previously announced guidance of 35 – 40MW and gross margins are expected to be closer to 9% rather than the low single digits. They also expect a return to profitability.
Said CEO Dr. Allen Wang, ”We have experienced a steady monthly improvement in our operational and financial performance during the quarter.”
The … Read the rest
Energy Conversion Devices (ENER) Crushed 25% AH: "Guidance No Longer Applicable"
Recently, many of the solar stocks have been holding up relatively well in the face of bad news indicating that much of it had been priced in and a bottom in this sector was near. I still believe that to be the case but their will be hiccups along way such as the Energy Conversion Devices (ENER) poor outlook after the bell today. The stock is being punished more than 25% in after hours trading.. … Read the rest
A-Power Energy (APWR) Pummeled After Slashing 4Q Guidance
A-Power Energy (APWR) is once again testing all time lows after taking a 25% hit today on news the company has dramatically lowered 4th quarter guidance from the previous estimate of $158 million in revenue and $15.5 million in profit to $76 million in revenue and just $5 million in profit due to postponed contracts.
Jinxiang Lu, APWR CEO, commented, “Due to the unusual current macro economic conditions, a few of our key potential contracts, … Read the rest
A-Power Energy (APWR) Reaffirms Earnings Guidance, Soars 55%
A-Power Energy (APWR) is skyrocketing this morning after the company reaffirmed earnings guidance on Friday night with plans to conduct a conference call October 15th at 9AM EST.
John Lin, A-Power’s Chief Strategy Officer and Interim Chief Financial Officer, “We want to reaffirm our earnings guidance, while also noting we anticipate our third quarter 2008 financial statement review will be finalized within the next 30 days, when we will schedule our third quarter earnings call.”… Read the rest