LDK Solar (LDK) has hit it out of the park today, smashing analyst estimates and guiding way above estimates for next quarter and the full year. The company reported a Q2 EPS of $0.36, 14 cents better than the analyst estimate of $0.22 on revenues of $565.3 million, vs the estimate of $458.40 million. That’s good for jumps of 118% and 148% in EPS and revenue quarter over quarter respectively.
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Sunpower (SPWRA) reported mixed results after the bell today, beating on the EPS side, but missing revenue forecasts. The company reported an EPS of .15/share, 5 cents ahead of expectations on revenues of $384 million which as a bit below expectations of $401 million. All in all, a strong quarter for Sunpower (SPWRA) though and the stock has been so crushed so bad that traders are likely looking for an excuse to buy in.
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A123 Systems (AONE) is disappointing investors again after the bell today. The company reported another sizable loss and missed analyst expectations on both EPS and revenue. The company reported an EPS loss of .33 vs the analyst estimate of .27 on revenues of $22.6 million vs the estimate of $25.5 million. While revenues did increase 15% over the year ago quarter, this is a company that is still a LONG way from profitability as costs … Read the rest
Cree, Inc. (CREE) reported results after the bell today that were a touch better than analyst estimates. The EPS came in at .55 vs the analyst estimate of .51 on revenues of $265 million vs the analyst estimate of $264 million. While those are record numbers and represent growth both sequentially and quarter over quarter, traders always want to what guidance will be especially when a stock is run so far so fast. I’ve said … Read the rest
JA Solar (JASO) has reported strong earnings results this morning, beating analyst estimates and posting significant sequential and quarter over quarter growth. Traders are selling the news though with the stock down nearly 10% in early trading. The company reported a non GAAP EPS of .27/share, vs the analyst estimate of .24/share on revenues of $351 million vs the estimate of $304 million. Sequentially, it’s a modest improvement over last quarter by 15% on the … Read the rest
Clean Energy Fuels (CLNE) posted better than expected results after the bell today reporting a non GAAP Q2 loss of $0.06, vs the analyst estimate of ($0.07) on revenues of $44 million, vs the estimate of $43.41 million. While the EPS number was worse than the year ago quarter’s number of ($0.01), the company posted a 58% increase in revenues.
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CEO Andrew Littlefair commented … Read the rest
Canaccord Genuity downgraded Veeco Instruments (VECO) earlier today from Buy to Hold and slashed the price target from $58 to $39. Hat tip to Street Insider for the analyst comment.
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“We are downgrading VECO shares as we project a cyclical digestion period and pause in earnings power in the coming years following the current capacity build-out for LCD TV backlighting…We are modeling 347 MOCVD shipments … Read the rest
ReneSola (SOL) posted a record quarter and beat analyst estimates in the process, posting a Q2 EPS of $0.42, 2 cents better than the analyst estimate of $0.40. Revenue for the quarter was 253.9 million, vs the estimate of $246.17 million. That’s a tripling of revenue over the year ago quarter, so mighty impressive results.
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CEO Xianshou Li commented: “We achieved record results in terms of … Read the rest
A few big firms are out with coverage on Tesla (TSLA) this morning. Hat tip to Street Insider for the analyst comment from Deutsche.
J.P. Morgan (JPM) initiated coverage on Tesla Motors (TSLA) with an Overweight rating and price target of $25.
Goldman Sachs (GS) initiated coverage with a Neutral rating and $21 price target.
Deutsche Bank initiated coverage with a Hold rating and $17 price target.
“We believe that Tesla’s deep technical talent, head-start … Read the rest
China Sunergy (CSUN) reported results this morning and while they missed slightly on the revenue number posting $117 million, they smashed EPS estimates with a profit surge of .33/share. That was nearly double the analyst estimate of .18/share and a new record for the company. It’s also more than double the EPS of last quarter and more than 10x the EPS from the year ago quarter.
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