Ascent Solar (ASTI), has announced it has been notified by the DOE that the loan guarantee application for its 150MW thin film solar manufacturing plant has been selected for review. The $375 million project would get a $275 million loan under the loan guarantee program. The new plant would provide for production of Ascent’s flexible, thin film solar modules for building integrated applications. Of course, the review is no guarantee that the DOE will approve … Read the rest
Category Archives: Solar Energy
Analyst Reactions To First Solar (FSLR) Earnings
I thought I’d provide a short summary on some of the analyst reactions coming out after First Solar’s (FSLR) earnings report Thursday night. In light of the half way decent quarter, it’s no surprise that nearly all of the analysts maintained their current ratings on the stock with some obviously remaining more bearish than others.
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JP Morgan maintained its Underweight rating and $115 price target. The … Read the rest
First Solar (FSLR) Reported Mixed Results, But Raised Guidance
I was out late last week, so wasn’t able to get a report on First Solar (FSLR) earnings out, but taking a look at it now, it wasn’t a great quarter, but not bad either. The company reported mixed results beating on the EPS side, but missing on the revenue side. First Solar reported an EPS of $1.80 (vs the estimate for $1.67) on revenues of $610 (analysts expected $647.
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GT Solar (SOLR) Announces $41 Million LED Furnace Order
On July 30th of last year, GT Solar (SOLR) made an important purchase of Crystal Systems which added LED manufacturing to its solar ingot manufacturing product line. Not only did that diversify its operations, but added another driver of growth and in my mind a much larger driver of growth than its solar operations in a few years. The stock has nearly doubled since that news hit.
Jinko Solar (JKS) Smashes Estimates, Shares Breaking Out
Jinko Solar (JKS) is surging nearly 10% in pre-market trading and may break out of a cup with handle base this morning after the company posted strong Q4 earnings results. The company smashed analyst estimates posted an EPS of $2.36 (vs the analyst estimate for $1.56) on revenues of $267.7 million (vs the estimate for just $228 million). Product shipments came in at a record 162.6MW exceeding previous guidance of 130 – 140MW.
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Auriga Maintains Buy On Yingli Green Energy (YGE), Raises PT
Auriga maintains its bullish stance on Yingli Green Energy (YGE) following its earnings report a few days ago and is raising the price target a bit from $17 to $18 which is about 50% higher than current levels.
The firm notes that strength from Italy and Germany should lead to better than expected module price declines and that returns on solar projects will remain solid.
Shares of YGE have pulled back the past two days, … Read the rest
JA Solar (JASO) Beats, Also Sees Strong 2011
JA Solar (JASO) joined Trina Solar (TSL) in posting strong earnings results. The company beat analyst estimates by posting an EPS of .59/share on revenues of $585 million vs the analyst estimate for .48 in EPS on revenues of $570 million. That’s good for quarter over quarter growth of 392% and 145% respectively. The company reported record shipments of 463MW during the quarter which doubled the year ago quarterly output.
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Analysts Decidedly Bullish On Trina Solar (TSL)
I just posted about Trina Solar’s (TSL) strong earnings report and wanted to give a run down on some analyst reactions. The consensus is generally bullish with a hint of caution.
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Hapoalim Securities maintains Hold but raised the price target from $27 to $30. The firm sees the company as a leader in solar manufacturing.
Wells Fargo maintains Hold rating but raised the valuation range … Read the rest
Trina Solar (TSL) Smashes Estimates, Sees Another Strong Year In 2011
Trina Solar (TSL) smashed analyst estimates and reported another quarter of strong quarter over quarter growth, but shares are trading down after being up initially. The company reported an EPS of $1.52 on revenues of $642 million vs the analyst estimate for just $1.09 in EPS on revenues of $525 million. Solar shipments were more than 15% higher than the company previously estimated.
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Here are … Read the rest
Sunpower (SPWRA) Beats & Raises, Shares Surge Again
Sunpower (SPWRA) reported outstanding earnings results after the bell tonight, beating analyst estimates and raising guidance for this year. The company reported a non GAAP EPS of $1.36/share (vs the analyst estimate of just $1.05) on revenues of $937 million (vs the analyst estimate for $931 million. That’s good for a near tripling of the year ago EPS number and a doubling of the year ago revenue number.