Advanced Battery Technologies has released guidance for 2010. The company expects revenue of $100 to $110 million and net income of $32 to $36 million this year, excluding any unforeseen impact from future acquisitions or fair value change of outstanding warrants.
In a press release, Mr. Zhiguo Fu, CEO of ABAT, commented on the news:
“Advanced Battery is acutely aware of the current global economic conditions and we have cautiously moved forward with our business … Read the rest
Ardour Capital upgraded GT Solar (SOLR) from Hold to Buy and increased price target from $6 to $7.20. Shares are up nearly 5% today, but holding below what is now resistance of the 200 day moving average. Get a FREE SOLR Trend Analysis
Sidoti upgraded Cree Inc (CREE) from Neutral to Buy and has a $90 price target. Shares are up 8% and pushing back above support at the 50 day moving average and possibly … Read the rest
China Wind Systems (CWS) which supplies components to wind turbine companies in China is out with strong guidance this morning and the stock is popping 25% as a result.
===> Click Here For Your FREE China Wind Systems Analysis
The company sees FY10 revenues in the range of $76 – $85, representing about a 50% increase over 2009. The company sees non GAAP earnings between $15.5 – $16.3 million which is about double over last … Read the rest
Several analyst ratings announcements and notes on Sunpower (SPWRA) following its earnings report to cover this morning… Hat tip to Street Insider for the analyst comments.
===> Click Here For Your FREE Sunpower Trend Analysis
Citi maintains its Sell rating and lowered the price target from $15 to $12. “In the very near-term, SPWRA has dramatically underperformed peers like First Solar (FSLR) (~3500bps in the past 7 weeks), thus hard to be overly negative even … Read the rest
Solarfun has just announced that it will increase its module capacity to 900Mw by August of this year in order to keep up with increased demand from customers. As part of this effort, the company also announced that it has purchased a 25MW cell production line from Semiconductor Manufacturing International Corporation. The purchase, along with Solarfun’s own previously announced expansion efforts, will increase its capacity to over 500MW by July.
In a press release, Peter … Read the rest
A couple analyst notes out after the A123 Systems (AONE) earnings last night.
Janney Montgomery Scott maintains a Neutral rating, but lowers price target from $14 to $12. “AONE reported 1Q10 results that were in-line on the top line, while falling slightly short of consensus on the EPS line. We were surprised by the quarter-over-quarter drop in total shipments and are adjusting our shipment forecasts for slightly slower growth. On the positive side, the Company … Read the rest
EnerNOC just signed a 40MW demand response agreement with Tucson Power. Under the agreement, EnerNOC will use its DemandSMART application to provide up to 40MW of demand response capacity for commercial, institutional, and industrial facilities located in Tucson Electric Power’s service area. Customers will be able to monitor their energy use and will receive payments from EnerNOC in return for allowing EnerNOC to manage their sites energy performance from its Network Operations Center.
In a … Read the rest
I missed the news last Friday that the CFO of Digi International (DGII) had resigned amid a corporate investigation. More details are emerging. The investigation centers around a possible violation of its entertainment and travel policies overseas with a few employees. Jet setting and strip clubs?
Seems more serious. The company has notified the US Dept of Justice and the SEC about the probe which may include a violation of the Foreign Corrupt Practices Act … Read the rest
Converted Organics (COIN) never misses an opportunity to issue a positive press release and they were at it again this morning saying that sales have increased 200% in the pro lawn care market vs the same period last year. Total company revenues were only $490K in the year ago quarter, so it wouldn’t take much to achieve 200% growth, but a decent milestone for a small company and just maybe they will crack the $1 … Read the rest
STR Holdings (STRI) continues to impress following its debut last year. It’s been one of the most steady IPO’s, nearly doubling in price since last November as it follows an up trend along the 50 day moving average. The fundamentals weren’t all that impressive while the stock was running up, but now we know why. The technicals always lead the fundamentals and the company just reported strong growth after the bell today and is guiding … Read the rest