A123 Systems (AONE) continues to bleed red ink, but the CEO still remains positively upbeat and confident that a revenue ramp begins this quarter and continues through the rest of the year. We shall see, but for now the company is far away from profits and still in survival mode as the stock continues to tank.
The company posted an EPS loss of .51/share which was larger than what analysts expected (loss of .46/share) … Read the rest
A123 Systems (AONE) announced a supply deal with Smith Electric after the bell today. They will be supplying 5kWh battery modules for all electric commercial trucks beginning in the 2nd half of this year. The first battery modules will be first used in a 7.5 ton electric vehicle used by such companies as Frito-Lay, Staples, Coca Cola as well as the US Marines Corp. No word on the quantity or financials of the deal.
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Clean Energy Fuels (CLNE) posted its earnings results after the bell tonight that were mixed. The company beat analyst estimates on the EPS side posting a loss of .05/share vs the analyst estimate for a .09/share loss, but missed on the revenue side posting $65.3 million in revenue vs the expectation for $67 million. While the EPS number was better than expected and an improvement over the year ago’s .07/share loss, revenues were up nearly … Read the rest
Broadwind Energy (BWEN) surprised a bit this morning posting a doubling of revenues over the year ago quarter and beating analyst estimates in the process with $43.5 million in revenues. That’s good news for Broadwind and the wind energy industry as a whole, but the company still failed to turn a profit and posted a wider EPS loss than analysts expected (loss of .04, analysts expected .02/share loss. Traders focused on the positive of this … Read the rest
Daqo New Energy (DQ) posted strong quarter earnings results this morning leading to a nice surge in the stock above the 50 day moving average. After a healthy run up over the past week, shares are beginning to look much more bullish.
The company reported an EPS of .99/share on revenues of $87.3 million which was ahead of analyst estimates of .85/share and $84 million respectively. Profit surged 450% over the year ago quarter while … Read the rest
As expected Tesla Motors (TSLA) reported another large quarterly loss, but it was less than analysts expected as the company posted better than expected revenues leading to a small spike in shares today. The company reported an EPS loss of .44/share (vs the expectation for a .53/share loss on revenues of $49 million vs the expectation for $43 million. Gross margins improved from 31% last quarter to 37%. It was a record breaking quarter … Read the rest
Perhaps all the concerns about a renewable energy slowdown and concerns in Europe were priced in because despite missing analyst estimates of .21/share by posting .20/share, shares of Power One (PWER) are popping today about 10% with heavy volume. The company did beat analyst estimates on the revenue side with $244.5 million (vs the estimate for $241.8 million).
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CEO Richard Thompson commented on his new … Read the rest
TheStreet.com posted a good article last night highlighting a few reasons why FSLR sold off despite beating estimates.
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1. One reason I mentioned as well in my report.. Not raising guidance for 2011, just keeping it flat. However, this isn’t the reason the stock was down nearly 10% after hours last night.
2. CNBC. They rolled out FSLR short seller Jim Chanos again after the report … Read the rest
The reaction to last night’s earnings in shares of FSLR is really nothing new. This is one of those companies where traders have lofty expectations and whatever it does, can never seem to please. It seems traders are always picking through the report to discover the negatives.. looking for a reason to sell. That’s the case again this morning.
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The company beat estimates after the bell … Read the rest
Auriga is out this morning upgrading shares of First Solar (FSLR) from Hold to Buy but lowered their price target just a bit from $166 to $160. Here are highlights of the call…
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– management reaffirmed 2011 guidance in earnings report last night (Auriga called the quarter a solid beat)
– FSLR modules are low in price and high in efficiency, remaining in high demand
– … Read the rest