Jinko Solar (JKS) is surging nearly 10% in pre-market trading and may break out of a cup with handle base this morning after the company posted strong Q4 earnings results. The company smashed analyst estimates posted an EPS of $2.36 (vs the analyst estimate for $1.56) on revenues of $267.7 million (vs the estimate for just $228 million). Product shipments came in at a record 162.6MW exceeding previous guidance of 130 – 140MW.
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Auriga maintains its bullish stance on Yingli Green Energy (YGE) following its earnings report a few days ago and is raising the price target a bit from $17 to $18 which is about 50% higher than current levels.
The firm notes that strength from Italy and Germany should lead to better than expected module price declines and that returns on solar projects will remain solid.
Shares of YGE have pulled back the past two days, … Read the rest
JA Solar (JASO) joined Trina Solar (TSL) in posting strong earnings results. The company beat analyst estimates by posting an EPS of .59/share on revenues of $585 million vs the analyst estimate for .48 in EPS on revenues of $570 million. That’s good for quarter over quarter growth of 392% and 145% respectively. The company reported record shipments of 463MW during the quarter which doubled the year ago quarterly output.
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I just posted about Trina Solar’s (TSL) strong earnings report and wanted to give a run down on some analyst reactions. The consensus is generally bullish with a hint of caution.
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Hapoalim Securities maintains Hold but raised the price target from $27 to $30. The firm sees the company as a leader in solar manufacturing.
Wells Fargo maintains Hold rating but raised the valuation range … Read the rest
Trina Solar (TSL) smashed analyst estimates and reported another quarter of strong quarter over quarter growth, but shares are trading down after being up initially. The company reported an EPS of $1.52 on revenues of $642 million vs the analyst estimate for just $1.09 in EPS on revenues of $525 million. Solar shipments were more than 15% higher than the company previously estimated.
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Shares of Clean Energy Fuels (CLNE) are up about 10% today on news it has signed a contract with package delivery leader UPS to fuel 48 of the their natural gas fueled vehicles. CLNE will design and build a fueling station near a UPS facility in Las Vegas and operate it under an initial 7 year contract with options for another 3 years. The facility is expected to open within a few months and also … Read the rest
Yingli Green Energy (YGE) reported strong earnings results this morning, smashing analyst estimates in the process. The company reported a non GAAP EPS of .57/share on revenues of $616 million vs the analyst estimate for just $.44 EPS on revenues of $545 million. That’s good for a nearly 900% increase in earnings over the year ago period and a 66% jump in revenues. If YGE’s earnings report is any indication, the solar bears continue to … Read the rest
Sunpower (SPWRA) reported outstanding earnings results after the bell tonight, beating analyst estimates and raising guidance for this year. The company reported a non GAAP EPS of $1.36/share (vs the analyst estimate of just $1.05) on revenues of $937 million (vs the analyst estimate for $931 million. That’s good for a near tripling of the year ago EPS number and a doubling of the year ago revenue number.
Auriga sent over a research report to us this morning, reiterating their cautiously bullish stance on China solar stocks following a 7 day trip throughout China. The firm visited both public and private companies and while positive in the near term for both shipments and pricing, there is some trepidation due to rising costs.
Commenting on earnings season, they feel that while most companies will post beat and raise quarters, some may reveal some margin … Read the rest
… Read the restAmeresco (AMRC) reported earnings results this morning that beat analyst estimates but traders were clearly looking for more from the company with shares off 10% in early trading. The company reported and EPS of .17/share on revenues of $179 million which was ahead of the analyst estimates for .15/share on revenues of $153 million. I suppose traders are selling the stock after a big run because the EPS number was significantly below the year ago