Sunpower (SPWRA) reported earnings that missed analyst estimates. The company reported an EPS of .15/share on revenues of $451 million vs the analyst estimates for .17 in EPS and $479 in revenues. Although those numbers still represent quarter over quarter EPS and revenue growth of 200% and 30% respectively. The CEO blamed the miss on changing market conditions in Europe which is beginning to be a common theme in the latest round solar earnings reports.… Read the rest
All posts by Tate Dwinnell
Canadian Solar (CSIQ) Beats Estimates Taking Out Forex Hit
Canadian Solar (CSIQ) posted earnings results tonight that were ahead of analyst estimates on the revenue side ($443 million vs $423 million) as well as the EPS side using the non GAAP number and excluding the forex hit (.44/share vs expectation for .41). Gross margins improved 2% over the year ago quarter (although dropped a few percent sequentially) while shipments increased 32%. It should also be noted that the company continues to decrease exposure to … Read the rest
Yingli Green Energy (YGE) Breaks Down After Lowering Near Term Guidance, Full Year Guidance Intact
Yingli Green Energy (YGE) updated its guidance today for Q1, Q2 and the full year. The company is lowering its shipment and gross margins guidance. They now see Q1 shipments coming in lower than the year ago quarter vs the previous guidance of shipments coming in a bit higher than the year ago quarter. Margins are expected to come in around 27% vs the previous guidance of around 30%.
China Ming Yang Wind Power (MY) Smashed Estimates, But Still Sinking To New Lows
China Ming Yang Wind Power (MY) just can’t please anyone. The company absolutely destroyed the analyst predictions for EPS and revenues last night, but yet the stock is sinking to another new low today. Perhaps there is more than meets the eye. The company posted an EPS of .27 which was well ahead of the analyst estimate for just .09/share and 69% above the year ago number. They beat by a wide margin on the … Read the rest
Trina Solar (TSL) Updates Guidance, Lower For The Quarter On Italy Subsidy Cuts, But Full Year Intact
Trina Solar (TSL) updated its previous guidance today, lowering its shipment guidance from the previous guidance of greater than 351MW to 320MW – 322MW due to impacts to module demand and order flow linked to Italy’s solar regulatory revisions. However, the company expects its in house gross margins to increase a bit to 32 – 32.5% from the previous guidance of 30%. The overall gross margins, factoring in outsourcing is expected to dip a … Read the rest
Sunpower (SPWRA) Signs 1.7MW Deal With California Water District For Solar Power
It was announced earlier today that Sunpower (SPWRA) will design and build solar systems totaling 1.7MW for Rancho California Water District at two facilities. The systems are expected to save the district more than $8 million over the next 25 years. That’s not a lot of money over that time frame, but the savings really begin adding up if the majority of water districts begin powering with solar. Improving efficiencies in solar over the next … Read the rest
First Solar (FSLR) Expands China Presence With China Power Deal
First Solar (FSLR) announced a deal today that will help expand its presence in China by partnering with China Power International. The two companies will not only collaborate on projects in China but in other markets as well, such as the US.
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“First Solar is very pleased to be expanding our commercial presence in China by establishing this relationship with CPINE, one of the premier clean … Read the rest
Applied Materials (AMAT) Extremely Bullish On Solar, Sees China Doubling Capacity Over 5 Years
In an article over at China Daily, Applied Materials (AMAT) CEO Charles Gay predicts that China will make a tremendous push in domestic solar applications, catching up with its superiority in solar manufacturing to become a major consumer of solar electricity as well. Not only does he see China doubling solar capacity within five years, but he believes they will reach solar grid parity two years before the US in 2018. With China experiencing … Read the rest
Suntech Power (STP) & First Solar (FSLR) Warn Of Lower Demand, Falling Solar Prices Due To European Cuts
It’s a good day for JA Solar (JASO) but for solar as a whole, it’s not a great day. Much of that has to do with reports filed by Suntech Power (STP) and First Solar Inc. (FSLR) (two the world’s largest solar companies), warning about the potential for a significant hit to demand for solar and falling prices due to Europe government subsidy cuts. With Europe accounting for 80% of solar demand, the cuts could … Read the rest
JA Solar (JASO) Posts Strong Results, Is The Bottom In?
JA Solar (JASO) is seeing a nice pop in the early going this morning after reporting better than expected Q1 results. The company reported a non GAAP EPS of .40/share on revenues of $556 million. That’s a beat on both the top and bottom line and represents significant quarter over quarter growth of 67% and 91% respectively.
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Here are some highlights of comments made … Read the rest