Shares of Codexis (CDXS) surged on Friday after the company beat analyst estimates. The company nearly hit the breakeven point for the quarter posting a loss of .01 (vs the analyst estimate for a .05/share loss) on revenues of $29.8 million (vs the estimate for $27.3 million). That’s a big improvement over the .15/share loss they reported a year ago. Revenues jumped 23% over the year ago period. The company still expects $120 million … Read the rest
All posts by Tate Dwinnell
Valence Technology (VLNC) Posts Mixed Results, Shares Hold Steady
Valence Technology (VLNC) posted mixed results late last week and traders didn’t react much keeping the stock above its 50 day moving average and the bullish uptrend off the August lows intact. The company beat on the EPS side posting a loss of .01/share (vs the estimate for a .02/share loss), but the revenue number missed with the company reporting $13.8 million vs the $15 million analyst estimate. The good news is that the company … Read the rest
EMCORE (EMKR) Breaking Out After Reporting Earnings
EMCORE (EMKR), is moving up nicely today with volume after reporting earnings. I don’t see anything in the report that would lead to a surge, but traders clearly like the direction the company is headed. They reported another loss of .03/share on revenues of $52 million which was 23% higher than the year ago quarter.
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The company expects revenues in the range of $46 – … Read the rest
Auriga Reiterates Buy, $27 PT On ReneSola (SOL), Remains Top Solar Pick
Yesterday, Auriga reiterated their Buy rating and $27 price target on ReneSola (SOL) which represents about 150% upside to current levels. They highlight the fact that SOL is a customer of WFR which posted strong earnings results and signaled out a Chinese company with “very nice costs” which they believe to be ReneSola. They continue to believe SOL is their top play in their solar coverage space. The bottom line is that they view SOL … Read the rest
First Solar (FSLR) Hits Auriga PT, Downgrades To Hold
Yessterday, Auriga downgraded shares of First Solar (FLSR) to Hold from Buy since the stock has appreciated considerably in the past few months and about reached their price target which remains at $167.
===> Click Here For Your FREE Daily First Solar Analysis
The firm maintains a 15x multiple on shares of FSLR due to its superior business model and for comparison stake their highest ranked China solar stocks are given a 10x multiple.
Shares … Read the rest
Auriga Reaction To Power One (PWER) Earnings: “Brownout”
A few days ago Auriga maintained their Buy rating on Power One (PWER) ahead of earnings. As you may know, PWER posted weak guidance and plunged today with heavy volume. Despite the weaker guidance, Auriga is maintaining their Buy rating but lowering their price target just a bit from $14 to $13. The firm did not see excess inventory in Europe for the first half of the year so have had to adjust their EPS … Read the rest
Zoltek (ZOLT) Finally Beats, “Wind Energy Entering New Phase Of Rapid Growth”
In the past, it was nearly a given that Zoltek (ZOLT) would miss analyst estimates while CEO Zsolt Rumy would keep saying “just wait, growth is coming”. Investors have been waiting for a long time for a return to the glory days. Perhaps those days are on the horizon… maybe. If the action in the stock over the past few months is any indication, that may be the case.
No, this wasn’t a … Read the rest
Power One (PWER) Plunge On Weak Forecast
Power-One (PWER) as expected posted strong quarterly results after the bell last night, but is plunging more than 20% this morning after the company posted weaker than expected revenue guidance for next quarter. The company beat analyst estimates this quarter, reporting an adjusted EPS of .49/share ( vs estimate for .40) on revenues of $366 million (vs the estimate for $352 million. As is often the case though, particularly with stocks that have had a … Read the rest
GT Solar (SOLR) Beats, Raises Guidance, But Shares Off
GT Solar (SOLR) has had quite a run, so it’s not too much of a surprise that shares aren’t moving after the company beat analyst estimates and raised guidance. This result was largely priced in already. The company reported an EPS of .46/share which was well above the analyst estimate of .38/share and 84% higher than the year ago quarter. Revenues also beat analyst estimates coming in at $263 million vs the estimate for $252 … Read the rest
As Solar Heats Up, “Tier 1” Companies Continue to Draw Interest (LDK, TSL)
Article courtesy of ForexTraders.com …
The year of 2010 will be remembered for its uncertainty and bouts of risk aversion, but it also ended with a rise in values across the board, signaling a potential economic recovery on a global scale. The major benefactors appeared to be shareholders of portfolios heavy in commodities, as run ups in value there were steep and unsustainable. As 2011 dawned, interest appears to have returned to the green sector, … Read the rest