China Ming Yang Wind Power (MY) just can’t please anyone. The company absolutely destroyed the analyst predictions for EPS and revenues last night, but yet the stock is sinking to another new low today. Perhaps there is more than meets the eye. The company posted an EPS of .27 which was well ahead of the analyst estimate for just .09/share and 69% above the year ago number. They beat by a wide margin on the … Read the rest
Category Archives: Wind Energy
Broadwind Energy (BWEN) Sees Pick Up In Wind Energy Products Demand, But Still In The Red
Broadwind Energy (BWEN) surprised a bit this morning posting a doubling of revenues over the year ago quarter and beating analyst estimates in the process with $43.5 million in revenues. That’s good news for Broadwind and the wind energy industry as a whole, but the company still failed to turn a profit and posted a wider EPS loss than analysts expected (loss of .04, analysts expected .02/share loss. Traders focused on the positive of this … Read the rest
A-Power Energy (APWR) Explains Delay Of Financial Report
A-Power Energy (APWR) is explaining this morning why it’s delayed its earnings report. They are basically just reiterating that it needs more time to complete the 2010 audit after both the internal and external teams indicated they wouldn’t finish in time.
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"While we very much regret the delay and confusion caused by our premature announcement of the conference call, it is most important that our financial … Read the rest
American Superconductor (AMSC) Crashes On Sinovel Refusal Of Shipments, Slashes Outlook
It’s not a pleasant evening for the Douglas family which recently purchased 10’s of millions in AMSC stock.. or any shareholder for that matter. The stock is crashing 40% in after hours trading after the company revealed that its main customer Sinovel has refused shipments forcing the company to slash guidance. American Superconductor now expects to report a significant quarterly loss on both a GAAP and non GAAP basis.
A-Power Energy (APWR) Postpones Earnings Again, Shares Down
Well, the credibility of A-Power Energy (APWR) is in question yet again this morning as the company postpones its earnings report once again. You might remember that the company first postponed its earnings report back in November of last year and didn’t give a reason. The stock was hit hard a few weeks later when the company finally reported and missed on earnings and guidance.
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This … Read the rest
Douglas Family Purchases Another $20M Of American Superconductor (AMSC) Stock
The Douglas family has controlled a significant portion of American Superconductor (AMSC) stock for a long time and they aren’t done yet increasing their share of the company. According to InsiderCow.com the family has purchased around another $20 million of AMSC stock over the past week. Late last year and on into January of this year, the family purchased around $40 million in AMSC stock. I can’t say they are necessarily great market timers at … Read the rest
Power One (PWER) Pops On News It Has Begun Shipping From China
Shares of Power-One (PWER) got a bump off the bottom today when the company announced that it has begun shipping its 250kW and 500kw utility grade inverter products from its new manufacturing facility in China. It will have a capacity of 1GW by the end of this year. The company said that the facility will also help meet the demands of the Indian market in addition to the Asian market.
American Superconductor (AMSC) Plunged Following Acquisition, Lowered Guidance
Shares of American Superconductor (AMSC) plunged to another 52 week low this morning with heavy volume after the company announced a $265 million acquisition of Finnish company The Switch and subsequently lowered guidance in the short term. CEO Greg Yurek calling 2011 a “transition year” likely didn’t help the stock either.
Let’s start with the acquisition news. Sure, in the short term the financials take a hit, but it appears AMSC acquired a key technology … Read the rest
China Ming Yang (MY) Capitalizing On China’s Wind Energy Growth, Smashes Estimates
China Ming Yang Wind Power Group (MY) reported strong Q4 2010 earnings results this morning, smashing estimates in the process. The company reported an EPS of .28/share on revenues of $260 million. That was well ahead of the analysts consensus estimate for .15/share on revenues of $221 million. The quarter was a huge improvement over the year ago quarter with a more than 5 fold jump in revenues. It also marks the 4th straight quarter … Read the rest
General Electric (GE) Issues Demand Of Arbitration On A-Power Energy (APWR) For Breaches Of Contract
A-Power Energy (APWR) is plunging more than 10% in early trading this morning after it announced it had received a demand for arbitration from General Electric (GE) for alleged breaches of contract related to gearboxes for wind turbines.
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A-Power indicated it hasn’t decided how to respond or what impact arbitration would have on its financials.
For those that follow APWR, you might remember that back … Read the rest