All solar stocks should get a much needed lift tomorrow morning after LDK Solar (LDK) absolutely blew it out after the bell today. They reported a Q2 EPS of $1.29 share which was about 3x what analysts were estimating and a 378% pop over the year ago quarter… Which begs the question: why do analysts get paid to do what they do? Revenues were more than 50% higher than what analysts had expected, coming … Read the rest
All posts by Tate Dwinnell
Applied Materials (AMAT) Wins 5 Yr Solar Contract With Green Energy Technology Inc
Applied Materials (AMAT) has announced this morning that it has signed a 5 yr contract with Green Energy Technology of Taiwan to support their Applied SunFab Thin Film Line for solar manufacturig. AMAT’s SunFab system aims to reduce costs while enabling a quick ramp in production
“Leading solar and semiconductor manufacturers are increasingly looking to external resources to manage line performance and lower operating cost,” said Manfred Kerschbaum, senior vice president and general manager of … Read the rest
Clean Energy Fuels (CLNE) Downgraded to Buy Ahead of Earnings
Clean Energy Fuels (CLNE) the T Boone Pickens led company providing natural gas fuel solutions has been downgraded to Buy by Broadpoint Capital ahead of earnings on Wednesday, according to StreetInsider.com… Read the rest
Pacific Ethanol (PEIX) Reports Larger Than Expected Loss
Pacific Ethanol (PEIX) reported a big loss this morning of .23/share, much larger than the .12/share loss analysts had been expecting as soaring corn prices eroded profits. Revenues came in on the light side as well at 198 million, vs the estimate of 206 million
Shares are down more than 15% this morning and the stock is once again trading below the 50 day moving average.… Read the rest
Fuel Systems Solutions (FSYS) Soars On Earnings
Fuels Systems Solutions (FSYS) crushed analyst estimates and reported an EPS of .54/share (double analyst estimates) on revenues of 98.3 million. EPS increased 18 fold over the year ago quarter while revenues increased 50% in the same time period. The company raised 08 revenue guidance 9% and increased margin forecasts and the stock is soaring as a result up more than 20% and breaking to new all time highs. Mighty be big risk up here … Read the rest
Amtech Cuts Price Target on Yingli Green Energy (YGE) to $27
Just a day after Piper Jaffray maintained its price target of $45 on YGE, Amtech is cutting its own price target from $36 to $27, which is still more than $10 from current levels.
According to StreetInsider.com, the firm calls Yingli’s earnings strong but believes there are reasons for concern such as the company’s cash balance and reliance on short term debt to fund expansion. … Read the rest
American Superconductor (AMSC) Enters Power Market In Turkey
AMSC licensed its proprietary WT1650 wind turbine design to Model Enerji Ltd., Turkey’s first megawatt-class wind turbine manufacturer. Model Enerji has exclusive rights to manufacture, sell, install, operate and maintain the WT1650 in Turkey.
“Because of its vast wind resources, open terrain and industrial infrastructure, Turkey is predicted to be among the world’s fastest growing wind energy markets,” said M. Celal Keki, General Manager of Model Enerji. “Our highly experienced management team has extensive … Read the rest
Citron Research Values American Superconductor (AMSC) At $10
Citron Research (formerly StockLemon.com) is known for its in depth research and peeling away the truth behind a company’s numbers, exposing the true nature of the business or lack thereof. Today, they issued a report on American Superconductor (AMSC), calling the company an industrial commodity (who happens to supply the wind industry) rather than an alt energy play. They also bring attention to the request of the company that the SEC withhold key information from … Read the rest
Piper Maintains BUY On Yingli (YGE) & $45 Price Target
According to StreetInsider.com, Piper Jaffray is reiterating its Buy rating on Yingli Green Energy (YGE) and maintains a price target of $45 on the stock, which would be a triple from current levels.
The firm believes YGE has the lowest processing cost in the industry and the highest poly cost today which levers it to the eventual spot poly price reduction that they see happening in 09. The firm also likes the fact that … Read the rest
Daystar Technologies (DSTI) Reports Loss and Misses
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest