STR Holdings (STRI) reported mixed results last night with an EPS number that beat analyst estimates at .21/share (analysts expected .19/share) despite a revenue number that was way below analyst estimates at $56 million (analysts expected $85 million). That’s a 21% decrease in revenue sequentially and 18% quarter over quarter.
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“Despite what many of us in the solar value chain anticipated after a soft second … Read the rest
PowerSecure International (POWR) is having a great morning gapping up off a bottom and up nearly 20% after the company reported results that were way ahead of analyst estimates with the company swinging back to a quarterly profit after posting breakeven results last quarter and a loss in the year ago quarter.
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The company reported a non GAAP EPS of .05/share on revenues of $38 million … Read the rest
First Solar (FSLR) is up a bit in after hours trading after the company announced that it will hold off on commissioning its Vietnam plant until global demand improves. Instead they will continue developing their factory in Mesa, AZ in order to supply modules for the Agua Caliente, Desert Sunlight, Antelope Valley and Topaz projects.
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The company continues to invest in R&D in order to … Read the rest
You have to wonder whether the good news out of solar will ever return with the constant flow of negative headlines. The key to pinpointing when a bottom may be in place for share prices is when the bad news is ignored and the price of the stock stays flat or even goes up. We may be near that time especially for the China solar stocks. Shares of Trina held up quite well today despite … Read the rest
It’s not getting any better for the solar industry in after hours action tonight. Big US solar manufacturer Sunpower is reporting less than stellar results as well in addition to an announcement of a Q4 reorganization that has the CFO saying adios. The company aims to cut costs by 10% next year.
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Sunpower reported a decent profit on a non GAAP basis of .16/share which was … Read the rest
Solar stocks got a jolt of buy interest last week, but have been giving some of that back. That continues today after US solar manufacturer and developer MEMC Electronic Materials (WFR) reported results that were below analyst estimates. The company reported an EPS of .03/share vs the expectation of .10/share. On the bright side, the company beat analyst estimates on the revenue side posting $859 million vs the estimate for $782 million. The stock is … Read the rest
Several weeks ago, Solyndra became the biggest blight of Obama’s green energy initiative not long after questions were raised about the cash dumped into Evergreen Solar which too ultimately failed, but it doesn’t and won’t end at solar. On Sunday night, Beacon Power (BCON), which makes flywheel technology to recycle unused power, filed for bankruptcy protection.
Granted Beacon’s loan guarantee was less than a 1/10th of Solyndra’s at $43 million of which $39 million … Read the rest
On Friday, shares of GT Advanced Technologies (GTAT) broke out of a multi-month downtrend with heavy volume after the company announced that it had landed a $47.7 million order for its polysilicon production equipment from a company in Saudi Arabia. Delivery of the order is expected to begin in the latter of half of next year and be completed by the end of the year.
=== > Click Here For Your FREE GT Advanced Technologies … Read the rest
China Sunergy (CSUN) is announcing some positive news this morning with a 23MW solar module supply deal with Germany’s SUNfarming Group. SUNfarming will use the modules in both rooftop and ground mounted system for both residential and commercial customers within Germany. All modules will be shipped this quarter.
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Stephen Cai, CEO of China Sunergy, commented: "This is an important sale for China Sunergy because it signals … Read the rest
First Solar (FSLR) is full of surprises these days. Yesterday, the CEO abruptly left and this morning the company decided to ease fears a bit with a surprise earnings report ahead of schedule. The company was expected to report next week and will keep the conference call at the original date of Nov 3rd.
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The earnings report this morning could really be summed up as … Read the rest