Comverge (COMV) reported a wider loss of .41/share this morning, 5 cents worse than Wall St estimates. Revenues were also lighter than what Wall St anticipated at $13.4 million (estimates called for $16 million). With revenues increasing 16% over the year ago quarter and MW under contract increasing 15% I would have liked to have seen a much better EPS number, so all in all, a disappointing quarter out of COMV which is expecting in … Read the rest
All posts by Tate Dwinnell
Quantum Fuel Systems Technologies (QTWW) Announces Supply Agreement With Fisker
Quantum Fuel Systems Technologies Worldwide just announced that they have a signed a definitive supply agreement to provide Fisker Automotive with parts for the Q-Drive(TM) powertrain system that Fisker is using in the Fisker Karma. Per the agreement, Quantum Fuels will be the exclusive provider for the Q-Drive(TM) hybrid control systems and the solar roof module. Fisker has also agreed to pay Quantum a royalty payment for each Karma sold.
In a press release, … Read the rest
ReneSola (SOL) Record Revs & Shipments, Raises Guidance, Shares Surge
ReneSola (SOL) reported strong results this morning, beating Wall St estimates and guiding higher. The company reported an EPS of .14/share vs the analyst estimate of .09/share on revenues of $206 million (vs the estimate of $189 million). Most of the China solar companies have been reporting record shipments and Renesola is doing the same reporting a record 242MW.
The company is also guiding higher, helping to boost shares nearly 12% today. They see revenues … Read the rest
Suntech Power (STP) Announces Preliminary Results Above Street, Shares Surge
Suntech Power (STP) issued preliminary Q1 results this morning and sees revenues in the range of $580 – $590 vs the Street estimate of $542 million. Gross margin estimates remain about the same at about 19 – 20%.
The company expects a hit on the Euro plunge of about $23 million give or take a couple mill and plan to hedge more this quarter to cover Euro exposure.
Today’s Analyst Roundup: WFR, FSYS, ORA, ERII, JASO, TSL, ABB, ELON, RBCN
Another wild day and I’m busy watching the market and getting behind on green stocks updates! Lots of analyst rating changes today..
Wunderlich Securities upgraded MEMC Electronic Materials (WFR) from Hold to Buy. Shares of WFR of doing a decent job of holding all time lows despite being hammered after earnings and during yesterday’s market crash. Get a Free WFR trend analysis here.
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Craig-Hallum downgrades Fuel Systems Solutions (FSYS) Buy to Accumulate and slashed … Read the rest
BorgWarner (BWA) Will Provide Turbochargers To JCB Power Systems For Off-Highway Use
BorgWarner just announced that it has been chosen by JCB Power Systems to provide turbochargers for use in vehicles made for off-highway applications, such as construction and agriculture. JCB Power Systems will use BorgWarner’s astegate and variable turbine geometry (VTG) turbochargers in the newest Dieselmax 4.4-Liter engine models beginning in 2012. BorgWarner’s technology will help JCB Power Systems produce engines that have the necessary power for off-highway applications and that meet new emissions requirements mandating … Read the rest
Energy Recovery (ERII) Beats With A Profit, But Guidance Weak
Energy Recovery (ERII), which is a desalination play, reported results after the bell today that beat analyst estimates. The company reported a non GAAP profit of .01/share on revenues of $12.6 million while analysts expected a .01/share loss on revenues of $11.8 million.
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CEO G.G. Pique commented on the quarter: “Our first quarter results were better than the guidance we provided due to better than expected … Read the rest
Echelon (ELON) Beats, But Flat Over Year Ago; Files Mixed Shelf
Today reminds me why I don’t particularly enjoy earnings season.. it’s a heckuvva lotta work keeping up! Echelon (ELON) reported today too and beat Wall St estimates by a decent margin. They reported a non GAAP loss of .18/share on revenues of $18.1 million. While that beat estimates of -.33/share on revenues of $16.37 million, it’s basically a flat quarter over the year ago quarter.
The company is issuing guidance. They see revs at $24 … Read the rest
Powersecure (POWR) Reports Strong Quarter, Misses Rev Est; Files Mixed Shelf
PowerSecure (POWR) reported terrific growth after the bell today, but compared to what Wall St was estimating, the results were mixed. The company beat on the EPS side posting a non GAAP EPS of .07/share vs the estimate of .06/share, while revenues didn’t quite meet expectations at $24.7 million. It’s still a great quarter with revenues increasing 25% and EPS increasing 200% over the year ago quarter. However, that was priced into the stock when … Read the rest
Clean Energy Fuels (CLNE) Misses, Reports Larger Loss
Clean Energy Fuels (CLNE) reported after the bell today, missing Wall St estimates by reporting a wider loss of .07/share vs the estimate of a .03/share loss. Revenues missed as well, coming in at $39 million vs the estimate of $43 million. It’s an improvement over the year ago quarter on the revenue side, but traders are selling companies that meet estimates, so they’re certainly going to dump them if they miss and that’s … Read the rest