MEMC Electronic Materials (WFR) is reporting Q4 preliminary results this morning. The company anticipates revenue in the range of $753 – $792 million with non GAAP EPS loss in the range of .17 – .23/share.
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"We responded to the continuing cyclical downturn in the semiconductor industry and the severe market disruption in the solar market by taking decisive action through a significant restructuring that we believe … Read the rest
I was away from the market Friday and getting caught up with all the latest today. Looks like I missed quite a day for Tesla on Friday with the stock plummeting 20% on news two key engineers working on the Model S left the company.
It appears based on today’s quick recovery that fears of internal turmoil may be overblown. The Fool has a great run down on the events, I’ll summarize here.
Initially … Read the rest
The LED leader Cree Inc (CREE) continues to have a bit of a tough go in earnings season, missing analyst estimates and issuing weak guidance once again. The company reported a non GAAP EPS of .25/share on revenues of $304 million. It wasn’t an awful quarter with the company missing estimates by a small margin and posting quarter over quarter growth of 18%, but traders don’t like the guidance sending shares down nearly 5% in … Read the rest
Clean Energy Fuels (CLNE) revealed its route plan for the first phase of what will be 150 new LNG fueling stations across North America. The plan is to be up and running over the course of the next couple years with 70 stations completed across 33 states by the end of this year. Whether you’re talking about electric or LNG vehicles, infrastructure is critical so this is good news not only for CLNE, but for … Read the rest
The technical action in shares of Broadwind Energy (BWEN) has been much improved in recent months and it appears the stock is in the process of another leg up after the company announced a $23 million order it received in Q4. Shares had been consolidating, but are breaking out of consolidation off key support of the 50 day moving average with heavy volume today.
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The company … Read the rest
I’ve been fairly vocal about the bottoming out of solar stocks.. not as much for the LED sector. I think it’s getting close to confirming a bottom. The technical action in SemiLEDS (LEDS), a China LED play, has improved significantly in recent months following the news that China is banning incandescent bulbs.
However, this is a company that continues to remain in the red and that didn’t change with yesterday’s earnings report in which … Read the rest
A rising tide lifts all boats, even the SS Energy Conversion Devices (ENER). This is a thin film solar company with oodles of promise.. a few years ago. The company has been bleeding red ink for some time and has traded below a buck for many months. It’s now a lotto ticket play, albeit with much better odds.
The stock got a big boost yesterday along with the entire solar sector on the report out … Read the rest
If you’ve been a reader of Green Stocks Central, then you know I’ve been increasingly bullish on solar in recent months calling Yingli Green Energy (YGE) a top play and initiating a position in Suntech Power (STP) in late October. STP didn’t hold the bullish wedge formation and fell back into the base, but I’ve been patient scaling in slowly. That position is now paying off with yesterday’s move and it’s not too late to … Read the rest
PowerSecure (POWR) announced today it has landed a new contract worth $20 million over the next two years. The contract calls for transmission and distribution construction as well as maintenance services for two divisions of a major public company that was unnamed in the release. A third of the revenue will be recognized in 2012 and the remaining the following year.
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Sidney Hinton, CEO of PowerSecure, … Read the rest
UQM Technologies (UQM) is seeing a nice pop over the past couple days after it was announced on Tuesday that the company has received another order from Electric Vehicles International. The order is for 100 propulsion systems that will ultimately be used in all electric trucks for UPS which are expected to be deployed in California very soon. UPS will replace diesel trucks saving up to 126K gallons of fuel every year.
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