Tesla Motors (TSLA) reported earnings for the first time since going public today and it didn’t get off to good start. While the company posted revenues that were about inline with what they reported in the same quarter a year ago and about 40% higher than last quarter, the losses continue to pile up. The EPS non GAAP loss of -.28/share is the worst in the past two years and may be the worst in … Read the rest
All posts by Tate Dwinnell
Real Goods Solar (RSOL) Reports Mixed Results, But Remains Top Residential Solar Installer
Real Goods Solar (RSOL) reported another solid quarter and continues to separate itself as the top publicly traded residential solar installer. Akeena Solar (WEST) hasn’t put up much of a fight. Real Goods beat the analyst estimate on the EPS side, but missed revenue estimates posting an EPS of .02/share on revenues of $17.5 million vs the estimate of zero profit on revenue of $18.45 million. Despite the miss on revenues, the company still managed … Read the rest
GT Solar (SOLR) Destroys Analyst Estimates, Guides Higher, Shares Surging
GT Solar (SOLR) has turned in an outstanding quarter, smashing analyst estimates in the process. The company reported an EPS of .11/share on revenues of $135 million. That was more than double the analyst estimates for both the EPS and revenue number. While the sequential growth isn’t there, quarter over quarter EPS growth comes in at 120% while revenue growth comes in at 88%.
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CEO … Read the rest
Analyst Rating Roundup: ESE, ITRI, ELON, ESLR, SOLF
Several analyst rating changes to tell you about this morning. Hat tip to Street Insider for the analyst commentary.
Needham & Company reiterated a Buy on Echelon Corp (ELON), but lowered the price target from $11 to $10.
“While uncertainty remains on the pace of uptake at utilities exploring AMI solutions as well as at current customers such as Duke, we continue to believe that Echelon has a solid technology offering that not only addresses … Read the rest
Sunpower (SPWRA) Completes Australia’s Largest Solar Tracking System
SunPower (SPWRA) has announced it has put the finishing touches on what is the first solar tracking system in Australia. The 505kW installation for government owned Horizon Power provides power to remote and regional area in Western Australia. The solar system uses SunPower ground mounted solar tracking technology increasing efficiency by following the movement of the sun. The hybrid solar-diesel power stations will produce up to 90% of the daily electricity needs.
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Clean Harbors (CLH) Smashes Estimates With Gulf Oil Spill Profits
Clean Harbors (CLH) was going to have a great quarter. After all, they were one of the big beneficiaries of the gulf oil spill with its experience in cleaning up environmental contaminants… and a big quarter it was. The company smashed estimates posting a record EPS of $2.20 which was way ahead of the analyst estimate of .87. To put that in perspective, it’s nearly equal to their best year in 2008 when they produced … Read the rest
Ocean Power Tech (OPTT) Moves Closer To Commercial Scale Wave Energy In Oregon
Ocean Power Technologies (OPTT) moved another step closer to realizing its goal of completing the first commercial scale wave power station in the US. The company has signed a Settlement Agreement with 11 federal and state agencies for its Reedsport, Oregon wave energy project which covers everything from aquatic resources, water quality, recreation, public safety, crabbing and fishing and cultural resources.
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The next step for … Read the rest
Echelon (ELON) Beats Estimates, Narrows Loss But Guidance Mixed
Echelon (ELON) has a long way to go to get to profitability, but it reported a decent quarter beating analyst estimates by a wide margin on the EPS side. It reported a loss of .09/share which was .15 better than analyst expectations on revenues that were a bit better than analyst expectations at $27 million (analysts expected $25.5 million). Those numbers are improvements both sequentially and quarter over quarter and that’s exactly what you want … Read the rest
STR Holdings (STRI) Announces $19 Million Expansion/Relocation Plan
STR Holdings (STRI) is dealing with growing pains and on the move. The company announced it will spend about $19 million to expand US manufacturing capacity to 3GW and relocate the majority of its US manufacturing operations to a 275K sq ft plant in East Windsor, CT which will also include project management, sales and R&D teams. The company will end operations in Enfield and Somers, CT as it makes the move this year and … Read the rest
Analyst Rating Roundup: AMAT, WFR, ITRI, GPRE
A couple more firms have come out with notes on Itron (ITRI) after it was rumored that Siliver Springs Networks will win the BG&E deal, not Itron. Hat tip to Street Insider for the analyst comments.
Wedbush is downgrading Itron from Outperform to Neutral and is also cutting the price target from $85 to $62. “The loss of BG&E to SSN suggests continued headwinds for Itron’s backlog growth, lowers Itron’s general credibility with existing … Read the rest