The big losses for A123 Systems (AONE) continues with no end in sight and that is never more apparent after the earnings report this quarter in which the company reported record revenues, but another steep loss to go with it. The company reported an EPS loss of .51/share (wider than analyst estimates for loss of .38/share) on revenues of $64.3 million vs the analyst estimate for $66 million.
All posts by Tate Dwinnell
Suntech Power (STP) Posts Prelim Results: Solid Revs, Margins, But Expects Larger Forex Hit
Suntech Power (STP) is announcing preliminary results this morning that aren’t bad. The company expects shipments will have increased 15% over last quarter with revenues exceeding $800 million. Margins are expected to be at the higher end of the previously announced range of 11 – 13%. However, the stock is off a few percent this morning on news that the company will incur a larger than expected Forex hit. Looking ahead, the company is optimistic … Read the rest
Fuel Systems Solutions (FSYS) Down Big After Missing Big On EPS, “2011 Remains An Investment Year”
Fuel Systems Solutions (FSYS) is having a rough morning, down 15% after reporting an EPS that was well below analyst expectations. After taking out the one time relocation cost of moving a portion of its business from the Netherlands to Italy, the company reported an EPS of .065/share which was well below the analyst estimate for a profit of .17/share. The company attributed the miss to higher taxes in the quarter. On the bright side, … Read the rest
Clean Energy Fuels (CLNE) Beats Estimate, “Sees Substantial Strides In Next 18 Months”
Clean Energy Fuels (CLNE) also reported earnings results after the bell this evening, posting results above the analyst estimates, but the company remains firmly in the red. The EPS came in on a non GAAP basis at .11/share which was better than the .13/share loss analysts had expected. Revenues were a bit better than analyst expectations as well at $72 million vs the estimate for $70 million.
Rubicon Technology (RBCN) Beats, But Down AH On Poor Guidance
Rubicon Technology (RBCN) reported earnings results after the bell today that were ahead of analyst estimates, but the stock is getting hit more than 12% in after hours trading on very weak guidance.
The company reported an EPS number of .35/share on revenues of $33.6 million which was above the analyst estimates of .26/share on revenues of $31 million. The company attributed the strong results to strong sales of its six inch polished wafers which … Read the rest
Nexxus Lighting (NEXS) Misses Estimates; Consumers Not Buying LED’s .. Yet
Nexxus Lighting (NEXS) is always an interesting earnings report to take a look at because they have that big deal with Lowe’s to sell LED lights to consumers which provides a good read on whether the consumer is ready for the big up front cost of an LED bulb in exchange for lower electricity bills and no replacement over many years. It would appear they are still experiencing sticker shock when it comes to LED … Read the rest
EnerNOC (ENOC) Beats Estimates
Demand response leader EnerNOC (ENOC) has reported earnings results this morning that beat analyst estimates by a healthy margin. The company reported a non GAAP EPS of $1.96/share vs the estimate for $1.56 on revenues of $169 million vs the estimate for $161 million.
"We had a very strong summer, responding to more than 225 demand response dispatches," said Tim Healy, EnerNOC’s Chairman and Chief Executive Officer. "During the third quarter, we broadened our product … Read the rest
Yingli Green Energy (YGE) Updates Guidance
Yingli Green Energy (YGE) is out this morning updating guidance ahead of official earnings results in a few weeks and there are no surprises. As has been the case with ALL solar companies, YGE is taking down guidance, but it isn’t slashing guidance significantly like many other companies have and YGE remains my top China solar play.
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The company now expects that Q3 shipments increased … Read the rest
LED Stocks Surging (CREE, AIXG, VECO)– China Will Begin Banning Incandescent Bulbs
This is a potential game changer for LED stocks and could also very well mark the bottom in these beaten down green energy stocks. This morning China announced it will begin banning the use of incandescent bulbs beginning in less than a year. They will begin banning imports of 100w bulbs Oct 1, 2012, imports of 60w bulbs Oct 1, 2014 and implement a full ban on all incandescent bulbs by Oct 1st 2016 (although … Read the rest
First Solar (FSLR) Conference Call Highlights
Barron’s has a good post outlining some of the highlights of the First Solar (FSLR) conference call last night. Here’s a brief summary, but check out the article.
Ahearn acknowledged that the future for solar in the shorter term isn’t as bright as he hoped it would be, but there is lots of opportunity. That opportunity is apparent in China where it will have to get a healthy supply of electricity from renewable sources if … Read the rest