SunPower (SPWRA) reported mixed results after the bell today missing analyst estimates on the EPS side (reporting .05 vs estimate of .08), but matched the revenue number at $347 million. Compared to the year ago quarter, the results look darn good because that was a terrible quarter in which the company reported a loss for the first time in several years. Sequentially, it was well below the .47/share and $548 million they reported in Q4, … Read the rest
All posts by Tate Dwinnell
A123 Systems (AONE) Misses, Announces Ford/Eaton Deal, Shares Down AH
A123 Systems (AONE) is giving back today’s gains and then some after reporting a wider loss than expected after the bell. While revenues were in line at $24.5 million, the company reported a loss of .28/share which was .06/share greater than expectations. That’s also a wider loss than the year ago quarter (.18/share loss) with revenues just 5% higher. A disappointing quarter from AONE for sure, but it’s all about the future.
===> Click Here … Read the rest
Today’s Analyst Rating Roundup: HEV, ENER, STP, LDK
Janney Montgomery Scott upgraded Ener1 (HEV) from Sell to Neutral and has price target of $3.50. “The Company announced that Volvo has selected HEV as the exclusive supplier for its C30 battery-electric vehicle platform…However, we believe that at current levels, HEV’s stock fairly values the Company’s prospects.” Shares of HEV are down 4% today. Click Here For Your FREE Ener1 Analysis
Macquarie upgraded Energy Conversion Devices (ENER) from Underperform to Neutral. Shares recovering again today, … Read the rest
Energy Focus (EFOI) Wins $2.5 Mill Lighting Efficiency Contract
Stones River Companies, which Energy Focus (EFOI) recently acquired has received five new lighting contracts totaling $2.5 million. Two contracts are for the upgrade of two universities, involving the retrofit and replacement with energy efficient lighting with the other three contracts for upgrading the lighting at an elementary school, a hospital and several army facilities. The work is expected to be completed by the end of this year.
Kandi Technologies (KNDI) To Sell COCO Electric Vehicle In China
Kandi Technologies has just announced that, after an extensive testing process, they have received government approval to sell their COCO electric vehicle to Chinese consumers and government agencies.
In a press release, Mr. Xiaoming Hu, Kandi’s Chairman and CEO, commented on the news:
“This was a long awaited announcement for us, culminating years of effort to develop and market in China an economical all electric vehicle meeting government standards that could become one of … Read the rest
SunPower (SPWRA) Unveils First-Ever Utility-Scale Modular Solar Power Plant Solution
SunPower has just unveiled a new product, the SunPower Oasis™ Power Plant, a modular solar power block that can scale from 1-megawatt installations to large central station power plants. The power blocks are shipped preassembled for quick and easy installation and were designed with future grid interconnection needs in mind. This is the first product of its type ever released, and SunPower believes it will help utilities deploy new utility-scale solar projects more quickly and … Read the rest
SmartHeat (HEAT) Beats, Reaffirms Guidance
SmartHeat (HEAT) investors could use some good news. They have been burned in recent months with the stock dropping from a high of $18.60 in January to below $6 last week. The company provided some this morning, beating analyst estimates of .03/share by posting .05/share on revenues of $9.4 million. That’s a 50% revenue bump over the year ago quarter, but the EPS is flat, so even though HEAT beat, the growth stalled out. The … Read the rest
JA Solar (JASO) Smashes EPS Estimates, Raises Guidance
As expected, JA Solar (JASO) is reporting a very good quarter this morning, beating analyst estimates .18/share, by reporting a non GAAP EPS of .33/share on revenues of $279 million vs the analyst estimate of $265 million. That’s the 4th straight quarter of sequential growth and a huge improvement over the year ago quarter when the company posted just $34 million in revenue and lost .18/share. Shipments increased to a record 272MW and gross … Read the rest
Wedbush Morgan Initiates EnerNOC (ENOC) At Neutral: "Slow Traction In Energy Management Biz"
Wedbush Morgan initiated coverage on EnerNOC (ENOC) this morning with a Neutral rating and price target of $25. Hat tip to Street Insider for the analyst comment.
“Demand response is undergoing rapid market evolution, with significant changes to contract and auction procedures, which could both positively and negatively impact the outlook. Slow traction in EnerNOC’s energy management business after allocation of significant resources raises valid questions about the company’s ability to serve this market, or … Read the rest
Verenium (VRNM) Misses, Posts Another Big Loss
Verenium (VRNM) is another one of those green stocks that’s probably best left alone. No profits in sight and continuing to trade around all time lows. The company posted another big loss of $1.05 after the bell today which was much steeper than the .33/share loss analysts had expected. Revenues were also light coming in at $13 million vs the analyst estimate of $17.5 million. If there is one bright spot in the quarter, it’s … Read the rest