Tri-Tech Holding (TRIT), a top China water play, reported a Q2 EPS of $0.19, 6 cents better than the analyst estimate of $0.13 this morning. Revenue for the quarter was $8.1 million, which compares to the estimate of $7.02 million. That’s a revenue surge of 161% over the year ago quarter and a 19% improvement on the EPS side. Given the big ramp in revenue, I’d like to see TRIT reported a stronger EPS number, … Read the rest
All posts by Tate Dwinnell
China Intelligent Lighting (CIL) Reports Mixed Results, Guides Above
China Intelligent Lighting and Electronics (CIL) is reporting mixed Q2 results this morning, missing on the EPS side posting .18 vs the estimate of .20. They beat on revenues posting $18.5 million vs the analyst estimate of $17.5 million. It should be noted that these are the numbers of the lone analyst covering this company. Sequentially and in comparison to the year ago quarter, those numbers do represent decent growth. Quarter over quarter, it represents … Read the rest
Veeco Instruments (VECO) Surging On News Elec-Tech Will Use For 2 LED Plants
On July 19th, I passed along the post at Notable Calls saying that UBS was expecting a big LED order for both Veeco Instruments (VECO) and Aixtron (AIXG) from Elec-Tech. This morning, Veeco is confirming a large order from Elec-Tech for 130 of its TurboDisc K465i Metal Organic Chemical Vapor Deposition, or MOCVD, systems as their “tool of choice” for two new LED factories in Wuhu and Yangzhou, China. I’m not sure whether this mean … Read the rest
Energy Focus (EFOI) Growth Remains On Track, Narrows Loss
Emerging LED lighting play Energy Focus (EFOI) reported earnings after the bell today and continued to narrow its losses, reporting an EPS loss of ($0.08) vs the year ago loss of ($0.16). Revenues continue to improve as well, although much of that (55%) is due to the acquisition of Stone Rive Companies so not really comparing apples to apples here. The company reported revenue of $9 million in the quarter, vs $3.3 million in the … Read the rest
Auriga Upgrades JA Solar (JASO) To Buy, Maintains Hold On Sunpower (SPWRA)
Auriga is out with a few solar calls this morning.
It maintains its Hold rating on SunPower (SPWRA) with a price target of $12.
“The quality of SPWRA’s earnings continues to be a problem for us. Through the magic of non-GAAP accounting, SunPower was able to beat the Street consensus of $0.10, while on a GAAP basis the company recorded a loss of $0.06. The story on the call was largely unchanged, with management exuding … Read the rest
UBS Downgraded Cree Inc (CREE) From Buy To Neutral
UBS downgraded Cree, Inc. (CREE) from Buy to Neutral and cut the price target from $83 to $64. Hat tip to Street Insider for the analyst notes.
====> Click Here For Your FREE Cree Technical Analysis
UBS analyst’s highlighted points include: 1) Near term concern from demand air-pocket in consumer electronics LEDs; 2) But general lighting LED opportunity still showing signs of strong growth; and 3) Lowering estimates to account for less spot market sales … Read the rest
Aixtron AG (AIXG) Announces Order For LED Manufacturing Tools From Yangzhou Longyao
According to Street Insider, Aixtron AG (AIXG) has announced a substantial multiple order for additional MOCVD tools from Yangzhou Longyao, a LED manufacturing company in Yangzhou, China which is a subsidiary of Rainbow Optoelectronics Material Shanghai Co. Ltd., China, a long time customer of AIXTRON MOCVD equipment. Details are vague and no word on the financials of the deal.
====> Click Here For Your FREE Aixtron Technical Analysis
Dr. Alan Li, General Manager of … Read the rest
Analysts Generally Bullish On Sunpower (SPWRA) Following Results
Following Sunpower’s (SPWRA) earnings report last night, a few analysts are out with calls today and generally bullish. Hat tip to Street Insider for the analyst comments.
====> Click Here For Your FREE Sunpower Technical Analysis
Ardour Capital upgrades from Hold to Accumlate.
“As Fab 3 ramps production in 2011, we look for increasing scale and throughput to begin to narrow the CPW gap. The Company’s UPP pipeline continues to build, and its premium price … Read the rest
Piper Jaffray, Cantor Fitzgerald Remain Bullish On Cree Inc (CREE)
At least two analysts remain bullish on Cree Inc (CREE) following their earnings results last night. Hat tip to Street Insider for the analyst comments.
===> Click Here For Your FREE Cree Technical Analysis
Piper Jaffray reiterates an Overweight rating and $88 price target.
“Although initial investor reaction is one of disappointment that Cree’s Sept ’10 revenue guidance ($270-$280m) was below consensus of $284m, we remain encouraged that its core lighting business will continue double … Read the rest
STR Holdings (STRI) Beats, Raises Guidance
STR Holdings (STRI) reported strong results after the bell today beating analyst estimates in the process. The company reported a Q2 EPS of $0.44, 10 cents better than the analyst estimate of $0.34 on revenue of $96.7 million, vs the estimate of $91 million. That’s a more than tripling of profits over the year ago quarter and a 62% surge in revenues. Those numbers may have the stock back at all time highs tomorrow. STRI … Read the rest