GT Solar (SOLR) is reporting another very impressive quarter of growth and has beat analyst estimates in the process. The company has reported an EPS of .41/share vs the analyst estimate for .31/share on revenues of $231 million vs the analyst estimate for $226 million. That’s good for quarter over quarter EPS and revenue growth of 273% and 71% respectively. The company is also reporting a record backlog of over $2 billion.
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Shares of Energy Focus (EFOI) are soaring about 50% today (but off a low level of just .40/share) on news the company has been awarded a significant contract by the Navy for the continued development of LED lighting on Navy ships. Working with the Navy isn’t a new venture for EFOI, but the size of this contract is and represents about 65% of the revenues it generated in all of last year. Previous installments of … Read the rest
GT Solar (SOLR) announced an order earlier this morning for $3.75 million for sapphire material from a subsidiary of II-VI (IIV) to be used in multi-spectral aerospace applications. Delivery of the material has already begun. This is a small order for SOLR but highlights the fact that the company can expand beyond just the LED market for its sapphire material. No wonder the stock still trades up around all time highs and continues its bullish … Read the rest
GT Solar (SOLR) is having a good morning but off the highs of the day after beating earnings estimates and raising guidance. The company reported an EPS of .41/share on revenues of $272 million vs the analyst estimate for .34/share on revenues of $224 million. That’s good for quarter over quarter increases of 78% and 40% respectively. Looking ahead, the company is raising guidance as well and now expects its full year EPS range at … Read the rest
Big news in the LED lighting world. Royal Philips Electronics (PHG) is set to showcase the world’s first LED bulb designed to replace the traditional 75W bulb. The EnduraLED A21 17W LED bulb is expected to use 80% less energy and last 25 times longer. The company estimates that if everyone quit buying the 75W incandescent bulb and replaced it with the LED bulb, it would be the equivalent of removing 1 million cars … Read the rest
Nexxus Lighting (NEXS) reported results this morning that were mixed. The company matched analyst estimates on the EPS side posting a loss of .08/share but revenues fell just a bit short ($1.55 million vs estimate for $1.77 million). The company attributed the revenue shortfall on the timing of larger projects.
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In terms of strategy, Nexxus indicated they will modify it a bit and go after larger … Read the rest
Shares of Energy Focus (EFOI) got an early bump yesterday on news the company recently landed $3.4 million in new contracts from school districts, county government and a Fortune 500 company. EFOI is in the process of procuring the materials for the retrofits and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "As I commented in our year end investor call, I am … Read the rest
Shares of LSI Industries (LYTS) are breaking out of a downtrend today after the company beat analyst estimates on the EPS side, while missing the revenue estimate. Traders are focusing on the sizable EPS beat with the stock up nearly 10% today. The company posted an EPS of .09/share (vs the estimate for .02/share) on revenues of $64.63 million (missing the analyst estimate for $70 million. The EPS number is a big improvement over … Read the rest
GT Solar (SOLR) had a good day today, surging with heavy volume back above resistance of the 50 day moving average after the company announced that China based Guizhou Haotian Optoelectronics Technology purchased $219 million worth of its sapphire crystallization furnaces used for LED lighting production.
GT Solar just recently entered the LED industry last year with the acquisition of Crystal Systems. At the time I said it was a great move for SOLR … Read the rest
Today, PowerSecure (POWR) announced $15 million in new orders across its range of green energy products. The breakdown is $8 million for its smart grid power systems, $5 million for utility infrastructure products and $2 million for LED lighting products. The new business comes from a range of customers and will be recognized as revenue this year. To put the new contracts in perspective, the company has been averaging about $25 million a quarter in … Read the rest