I’ll keep this post on the earnings report out of Hanwha SolarOne (HSOL) fairly brief. It was about inline with what just about every other solar company reported – revenues about inline with analyst analyst estimates but missing on the EPS side by a wide margin due to regulatory changes in Italy, falling ASP’s, rising inventory, etc. HSOL reported a loss of .12/share while analysts expected a .12/share profit. However, these results have been pricing … Read the rest
All posts by Tate Dwinnell
Suntech Power (STP) In The Red Despite Surge In Revenues
Suntech Power (STP) is posting earnings results this morning that are in line with its competitors. Strong revenues and plummeting profits. Even when you take out the write off for the MEMC and CSG Solar investments, the company still lost .19/share despite strong revenues of $830 million. Analysts had expected a profit from the company on revenues of $800 million. The CEO acknowledged it remains a highly competitive market and that should remain so for … Read the rest
Analysts Cautiously Bullish On Yingli Green Energy (YGE) Following Earnings
I just posted about the bullish earnings report out of Yingli Green Energy (YGE). I think traders were looking for upside guidance from the company which is why the stock traded down again Friday, but some analysts are upgrading the stock this morning, giving it a boost.
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HSBC upgraded the stock from Underweight to Neutral, but has a price target of only $5.50 which … Read the rest
Yingli Green Energy (YGE) Bucks The Trend, Beats On EPS; Now My Top China Solar Stock
I was out Friday so missed the Yingli Green Energy (YGE) earnings report. The company surprised Friday morning by beating analyst estimates by a fairly wide margin on both the top and bottom line. What we’ve been seeing across the board in the solar sector are decent revenues, but big cuts in EPS with companies missing analyst estimates. Yingli managed to buck the trend posting an EPS of .34/share (vs the estimate for .28/share) … Read the rest
LSI Industries (LYTS) Misses, Remains Cautiously Optimistic For Fiscal 2012
LSI Industries (LYTS) reported after the bell tonight, missing analyst estimates. The company reported an EPS of .06/share on revenues of $75 million which compares with the analyst estimate of .11/share on revenues of $76 million. CEO Robert J. Ready blamed the earnings miss on less federal tax credits and an increase in local income taxes. Despite the miss, the company still posted nice quarter over quarter EPS and revenue growth of 50% and … Read the rest
STR Holdings (STRI) Looking For Raw Material Acquisitions To Cut Costs
In an article over at Reuters today STR Holdings (STRI), which makes solar encapsulants to protect and insulate solar cells, indicated they are on the hunt for acquisitions. Particularly companies that provide the raw materials they use in the manufacturing process such as resin and paper liner. It’s a common theme in the solar industry as companies look for ways to cut manufacturing costs. In addition to acquisitions, they are offering lower priced products that … Read the rest
LDK Solar (LDK) Slashes Guidance, Full Year Guidance Dropping $1 Billion, Shares Plunge Over 20%
It should be another tough day for solar stocks tomorrow. I just posted about the awful results from JA Solar (JASO) and LDK Solar (LDK) is indicating a rough quarter as well and revising guidance much lower ahead of its earnings report on August 29th.
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The company now sees quarterly revenues in the range of $480 – $500 million vs the previous estimate for revenues of … Read the rest
JA Solar (JASO) Misses Badly With Record Loss, Guides Lower
An awful earnings report out of JA Solar (JASO) this evening with the company missing analyst EPS estimates by a wide margin and reporting a record quarterly loss of .22/share. Ouch. Revenues came in at $413 million vs the estimate for $418 million. The cause? You guessed it.. a slow down in Germany and policy changes in Italy not to mention increasing economic uncertainty.
===> Click Here For Your FREE JA Solar Analysis
Dr. Peng … Read the rest
Canadian Solar (CSIQ) Misses Badly On EPS, Shares Sink
The headlines for Canadian Solar’s (CSIQ) earnings report today focused on the big quarter over quarter growth, but the real story today was the fact the company missed analyst estimates by a wide margin on the EPS side, posting .16/share vs the estimate for .28/share. Revenues came in higher than expectations at $482 million. No doubt a strong quarter over the year ago quarter, but not what analysts were looking for which is why … Read the rest
Top Exec Meyerhoff Leaves First Solar (FSLR), Goldman & Auriga Slightly Less Bullish
Tough day for First Solar (FSLR). News hit last night that former CFO and current utilities head Jens Meyerhoff is leaving the company at the end of September and the company was downgraded twice. Shares closed below the key $100 level today.
"Over the past five and a half years I had the privilege to be part of building the leading franchise in the PV solar industry. I am very proud of what we have … Read the rest