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) 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
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
LSI Industries (LYTS) reported earnings results this morning that were significantly less than stellar as the company tries to replace the significant 7-Eleven LED business that propelled revenues last year. The company reported an EPS of .05/share vs the analyst estimate for .10/share on revenues of $65.5 million vs the analyst estimate for $70 million. That represents quarter over quarter decreases of 50% and 18% respectively.
===> Click Here For Your FREE Daily LYTS Technical … Read the rest
Cree Inc (CREE), the LED lighting leader, posted its earnings results after the bell today and it was a so so report. The company reported results right about inline with what analysts expected with a non GAAP EPS of .25/share which is a 58% decrease over the year ago quarter on revenues of $269 million, also inline. However guidance is mixed and the company sees EPS this quarter of .25 – .28/share vs the consensus … Read the rest
LSI Industries (LYTS) reported after the bell tonight, missing analyst estimates. The company reported an EPS of .06/share on revenues of $75 million which compares with the analyst estimate of .11/share on revenues of $76 million. CEO Robert J. Ready blamed the earnings miss on less federal tax credits and an increase in local income taxes. Despite the miss, the company still posted nice quarter over quarter EPS and revenue growth of 50% and … Read the rest
Cree Inc (CRFE) has taken a bold step after hours in order to further expand its role as LED leader with a purchase of Wisconsin based Ruud Lighting which specializes in outdoor LED lighting. In my opinion great move from Cree since LED lighting may be adopted on a wider scale first in the outdoor setting. The acquisition creates a powerhouse in the indoor and outdoor LED arenas.
Nexxus Lighting (NEXS) remains a micro cap LED stock with a ton of potential. With a Lowe’s deal in place and a focus on the consumer market, the company could see tremendous growth in the coming years IF LED lighting costs come down far enough to reach the average consumer. The company is seeing nice revenue growth off a small base, but profits remain elusive up to this point.
There are going to be some remarkable entries at some point for some green stock leaders such as LED king Cree Inc (CREE), but it’s likely still a bit too soon to consider larger positions. Part of the reason for that is due to the amount of technical damage to work through as well as the cautiously optimistic earnings comments I’m seeing in companies that have reported so far. Quite a few companies are edging … Read the rest
PowerSecure International (POWR) continues to have a rough go of it, dropping another 10% today after the company missed analyst estimates on the EPS side. Considering analysts were expecting a profit of .04, so it’s no wonder the stock continues to drop further below key support of the $6 level. The company posted decent revenue, but a dip in margins eroded the EPS.
Here are some highlights of comments made by CEO Sidney Hinton.
– … Read the rest