For those that have been regular readers of GreenStocksCentral.com you might remember that I used to publish the research notes of Mark Bachman who focuses on the solar industry. At the time he was working for Auriga and now he’s on the move again providing research to clients of Avian Securities. Regardless of who he’s working for I’ve always thought that his solar research was quite good.
Category Archives: Solar Energy
Suntech Power (STP) To Supply Nearly 30MW In Solar Modules For California Plant
Suntech Power (STP) announced a 28MW solar module supply deal today with SunPeak Solar for a 23MW plant in California across 123 acres. About 100K units of Suntech’s 285/290W (DC) solar modules will be used in the project which is expected to help power 14000 homes in the area particularly during times of peak demand.
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"We’re excited to support SunPeak Solar in helping IID meet its … Read the rest
Trina Solar (TSL) Missed Estimates, But Shares Rise Anyway.. Is the Worst Over?
Trina Solar (TSL) reported financial results yesterday that missed analyst estimates, but shares rose anyway which is an indication that the worst is likely over for top tier solar stocks such as Trina Solar. The company reported an EPS of .32/share on revenues of $580 million vs the analyst estimates for .47/share on revenues of $600 million.
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Here are some highlights of comments made by … Read the rest
Hanwha SolarOne (HSOL) Reports Inline With Solar Trend, In The Red Due To Rising Costs, Lower ASP’s
I’ll keep this post on the earnings report out of Hanwha SolarOne (HSOL) fairly brief. It was about inline with what just about every other solar company reported – revenues about inline with analyst analyst estimates but missing on the EPS side by a wide margin due to regulatory changes in Italy, falling ASP’s, rising inventory, etc. HSOL reported a loss of .12/share while analysts expected a .12/share profit. However, these results have been pricing … Read the rest
Suntech Power (STP) In The Red Despite Surge In Revenues
Suntech Power (STP) is posting earnings results this morning that are in line with its competitors. Strong revenues and plummeting profits. Even when you take out the write off for the MEMC and CSG Solar investments, the company still lost .19/share despite strong revenues of $830 million. Analysts had expected a profit from the company on revenues of $800 million. The CEO acknowledged it remains a highly competitive market and that should remain so for … Read the rest
Analysts Cautiously Bullish On Yingli Green Energy (YGE) Following Earnings
I just posted about the bullish earnings report out of Yingli Green Energy (YGE). I think traders were looking for upside guidance from the company which is why the stock traded down again Friday, but some analysts are upgrading the stock this morning, giving it a boost.
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HSBC upgraded the stock from Underweight to Neutral, but has a price target of only $5.50 which … Read the rest
Yingli Green Energy (YGE) Bucks The Trend, Beats On EPS; Now My Top China Solar Stock
I was out Friday so missed the Yingli Green Energy (YGE) earnings report. The company surprised Friday morning by beating analyst estimates by a fairly wide margin on both the top and bottom line. What we’ve been seeing across the board in the solar sector are decent revenues, but big cuts in EPS with companies missing analyst estimates. Yingli managed to buck the trend posting an EPS of .34/share (vs the estimate for .28/share) … Read the rest
STR Holdings (STRI) Looking For Raw Material Acquisitions To Cut Costs
In an article over at Reuters today STR Holdings (STRI), which makes solar encapsulants to protect and insulate solar cells, indicated they are on the hunt for acquisitions. Particularly companies that provide the raw materials they use in the manufacturing process such as resin and paper liner. It’s a common theme in the solar industry as companies look for ways to cut manufacturing costs. In addition to acquisitions, they are offering lower priced products that … Read the rest
LDK Solar (LDK) Slashes Guidance, Full Year Guidance Dropping $1 Billion, Shares Plunge Over 20%
It should be another tough day for solar stocks tomorrow. I just posted about the awful results from JA Solar (JASO) and LDK Solar (LDK) is indicating a rough quarter as well and revising guidance much lower ahead of its earnings report on August 29th.
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The company now sees quarterly revenues in the range of $480 – $500 million vs the previous estimate for revenues of … Read the rest
JA Solar (JASO) Misses Badly With Record Loss, Guides Lower
An awful earnings report out of JA Solar (JASO) this evening with the company missing analyst EPS estimates by a wide margin and reporting a record quarterly loss of .22/share. Ouch. Revenues came in at $413 million vs the estimate for $418 million. The cause? You guessed it.. a slow down in Germany and policy changes in Italy not to mention increasing economic uncertainty.
===> Click Here For Your FREE JA Solar Analysis
Dr. Peng … Read the rest