American Ecology released its third quarter results today. Operating income was 6.8 million, an increase of 3% from last year. Revenue was $41.1 million, an increase of 4% from last year. Gross profit decreased 2%, from $10.2 million this time last year to $10 million this year. However, the gross profit figure from last year included a large, one-time adjustment of $797,000 to closure and post-closure obligations, so the change isn’t as great as … Read the rest
All posts by Tate Dwinnell
Exelon (EXC) Earnings Drop Due To Increased Expenses
Due to higher expenses, Exelon Energy’s third-quarter earnings have dropped from last year. The latest reports show income decreasing from 780 million, or $1.15 a share a year ago to $700 million, or $1.06 per share. Although this was below analyst’s expectations of $1.13/share, the decrease was partially due to some one-time big ticket expenses. as BullishBankers.com notes below:
… Read the restDuring the last quarter, Exelon also encountered a few special items including an $80 million
LDK Solar (LDK) Flush With Cash Despite Downturn
LDK Solar announced that it has no need to seek additional money from capital markets to fund the company’s expansion, as it already has enough cash on hand to more than double its production capacity. In 2009, the company plans to expand that capacity to 2.2 GW of power. In 2010, it will expand again, to 3.2 GW. LDK founder and chairman Peng Xiaofeng told a reporter from Reuters News Service that the proceeds from … Read the rest
Hoku Scientific (HOKU) Posts 3rd Quarter Results, Net Loss Increases
Hoku Scientific has posted its 3rd quarter financial results. Although revenue rose tremendously to $1.87 million, but due to increased expenses,the company’s net loss actually increased slightly. This time last year, the company posted a loss of $1 million dollars, or 6 cents a share. This year, the figure has increased to $1.37 million, or 7 cents a share.
However, Hoku is still making progress on its polysilicon plant in Idaho, and expects to … Read the rest
Casella Waste Systems (CWST) Opens 4.8MW Gas to Energy Facility
Casella Waste Systems (CWST) announced that operations are ahead of schedule at its Clinton County gas to energy plant, which is expected to produce 4.8MW of energy from landfill methane gas for the next 30 years. That would be enough to power over 5000 homes each and every year. In total, the company and its partners are producing about 25MW/hour of clean energy at five landfills
“With our resource transformation business strategy, we are … Read the rest
MEMC Electronics (WFR) Reports Better Than Expected Revenue, Sees Strong Solar Demand
MEMC Electronics (WFR) is up about 5% in after hours trading following a decent earnings report in which the company posted better than expected revenue numbers and minus a one time charge related to Lehman bonds, posted earnings in line with estimates at .88/share.
The company did however guide lower for next quarter and sees revenue of 540 – 600 million, which is below the consensus of 608 million. It’s blaming the lowered guidance on … Read the rest
Xcel Energy (XEL) Earnings Fall, Missing Analysts’ Target
Xcel Energy posted its 3rd quarter results today. Although revenue rose to $2.85 billion from $2.4 billion, their 3rd quarter earnings fell 13% to $223 million dollars, or 51 cents a share. That’s a 13% drop from what the company was reporting at this time last year. Analysts had expected Xcel to post earnings of 61 cents a share, so the report was below expectations.
The company stated that its results had been impacted … Read the rest
Converted Organics (COIN) Issues Dividend
Converted Organics announced yesterday that it would grant shareholders a dividend of 3 shares of common stock for each 20 shares of common stock. Dividends will be paid to all shareholders who have at least 20 shares of the stock on November 17, 2008 and will be paid December 1st, 2008.
According to Edward Gildea, President of Converted Organics,
… Read the rest"Converted Organics believes that the current price of its common stock does not reflect the long-term
NRG Energy’s (NRG) First Wind Farm Now Generating Power
The Sherbino I Wind Farm, a joint venture between NRG Energy and BP Alternative Energy, is now up and running. Located on top of a mesa in Pecos County, the wind farm consists of 50 Vesta wind turbines, and has a 150 MW capacity. The wind farm was constructed and is being operated by Padoma Wind Power, a 50/50 joint venture between NRG and BP. Padoma also has another more wind farm under construction in … Read the rest
Suntech (STP) Downgraded, Share Price Slumps
Collins Stewart analyst Dan Ries . Ries gave the following reasons for the downgrade:
… Read the restRies notes that the credit crisis has lead to increased borrowing costs for solar projects, putting pressure on solar module prices. Also hurting: a 13% drop in the Euro against the dollar since July. Ries also notes that the stock has been trading at about 9.6x estimated FY ‘09 EPS, a premium to the 3-5x ‘09 multiples carried by most of