Advanced Battery Technologies (ABAT) reported their earnings during market hours today and missed on both EPS and revenues. Excluding one time gains, the company earned just .03/share which missed the analyst estimate of .08/share and represents a 67% plunge over the year ago quarter. Despite an increase in revenues due to the Wuxi Autocycle acquisition, the company still missed estimates there as well, reporting $13.8 million. That’s a miss of nearly $2 million, but is … Read the rest
All posts by Tate Dwinnell
Capstone Turbine (CPST) Conference Call Highlights
The following conference call notes for Capstone (CPST) is provided courtesy of StreetInsider.com
- Growth in backlog exceeded internal forecasts
- In order to meet increased demand, may need to raise funds
- May not be able to utilize a line of credit due to failure to meet financial covenant relating to quarterly loss
- Experienced minor reduction in product backlog which company believes is impressive in this environment
- Increase in manufacturing costs related to product launches of C200
Zoltek (ZOLT) Misses Badly, Shares Plunge Nearly 20%
The green stock earnings continue to come in fast and furious and I’m a bit behind .. Zoltek (ZOLT), the maker of carbon components for wind turbines missed analyst estimates badly and swung to a loss in the quarter. Analysts had expected a profit of .07/share in the quarter, but the company posted a .04/share loss which indicates significant deterioration over the year ago quarter when the company posted a .12/profit. Revenues continue to plummet … Read the rest
China Bio Energy (CBEH) Beats Estimates, Reaffirms 09 Outlook
China Bio Energy (CBEH) reported earnings today and the company beat on both EPS and revenues. EPS came in at .25/share vs the expectations of .19/share (matching the year ago quarter) on revenues of $65.2 million which was a 12% increase over the year ago quarter. After an initial pop in the stock this morning, it’s off the highs. Not too surprising considering the run it’s had over the past few weeks.
The increase in … Read the rest
BorgWarner (BWA) To Supply First Automotive Works
BorgWarner just announced that it has been selected to supply China’s First Automotive Works with its turbochargers and EGR valves. Under the agreement, Borgwarner will supply First Automotive Works with the products beginning in 2010. First Automotive Works will use the turbo-chargers in their new gasoline engines and the EGR valves in their diesel engines to help the company’s vehicles meet the new China 4 emissions standards.
In a press release, Roger Wood, President and … Read the rest
Piper Jaffray Upgrades Echelon (ELON): "Duke Contract Raised Company Profile"
Piper Jaffray is upgrading Echelon (ELON) this morning following the big Duke Energy (DUK) contract announced yesterday. The firm is upgrading the company from Underweight to Neutral and is raising the price target from $6 to $10.
Hat tip to StreetInsider.com for the following analyst comment:
Piper analyst says, “Echelon announced a framework agreement with Duke Energy (NYSE: DUK) that includes an initial order for 120,000 smart meters and data concentrators and Ohio; … Read the rest
Cantor Fitzgerald Initiates Real Goods Solar (RSOL) At Buy: "Poised To Take Market Share"
Cantor Fitzgerald is out with a Buy rating on Real Goods Solar (RSOL) this morning and a price target of $5.
Hat tip to StreetInsider.com for the following analyst comment:
The firm commented, Real Goods is one of the largest independent solar installers in California, the largest market in the US. We believe that an attractive mix of strong financial incentives and falling panel prices will lead to stronger adoption of solar PV power systems … Read the rest
Clean Energy Fuels (CLNE) Reports Mixed Results, Down 5% AH
There’s that earnings headline discrepancy again. Look around at the Clean Energy Fuels (CLNE) earnings headlines and you’ll see just about all publications reporting “wider than expected losses”. What they’re including are those one time charges which analyst estimates don’t include, so it’s misleading. Take out one time costs (the non GAAP measure) and the company actually beat estimates by .06/share, reporting a loss of .01/share. Revenue did miss the analyst estimates of $31.46 million, … Read the rest
Capstone (CPST) Reports In Line, Off 8% AH
It always amazes me at how many ways an earnings report can be spun based on if the company beat analyst estimates and whether the analysis includes one time charges or not. Here at GreenStocksCentral.com I prefer to look at organic growth (exclude one time gains and costs) and since analysts typically exclude one time costs/gains in their calculations as well, it makes sense to do the same for comparison sake. Such is the case … Read the rest
Rentech (RTK) Vaults Over 50% After Reporting Record Earnings
Wow, what a week for Rentech (RTK). The company announced late last week that their synthetic fuel was approved for use in jet fuel and this morning they’re announcing record quarterly profits of .22/share on revenues that surged 50% over the year ago quarter to $91.4 million, sending the stock soaring again over 50%. The company is attributing the record quarter to higher product pricing and favorable weather conditions and now expects that EPS will … Read the rest