China Wind Systems (CWS) has reported earnings results this morning that might disappoint traders and send the stock lower, but there is support around the $4.50 level, so the stock remains bullish if it can hold that level today. The company beat analyst estimates on the EPS side reporting .12/share vs the estimate for .11/share on revenues of $21.3 million which misses the analyst estimate for $22.3 milion.
Tag Archives: china wind systems
China Wind Systems (CWS) Gets $3 Million Wind Turbine Parts Order, Reaffirms 2010 Guidance
China Wind Systems (CWS) has been awarded a $3 million contract by Nanjing Chang Feng to supply them with a total of 1500 units of high speed shafts used to transmit energy from the gearbox to the generator in order to produce electricity from wind turbines. The first 500 units will be delivered before the end of the year and the rest in the 1st half of next year.
China Wind Systems (CWS) Updates Guidance, Sees FY10 EPS Well Ahead Of Estimates, Revenues Inline
According to Fly On the Wall, China Wind Systems (CWS) has updated guidance and sees FY10 EPS in the range of 62 – 65c vs the estimate from one analyst of 42c. They see revenues about inline with the estimate of $80 million at $76.5 – $85 million.
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Shares of CWS are not moving on the update, but do look increasingly bullish … Read the rest
China Wind Systems (CWS) Announces $4.5 Million Contract
China Wind Systems (CWS) has announced a new $4.5 million contract to supply over 2K tons of forged rolled rings to Luoyang Xin Qiang Lian Bearing by September 30th of this year. Luoyang makes wind turbine components.
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“We are pleased to enter into a supply contract with Xin Qiang Lian, which further validates our product’s high-quality and performance,” said Mr. Jianhua Wu, Chairman and CEO … Read the rest
China Wind Systems (CWS) Beats, Reaffirms Outlook
China Wind Systems (CWS) beat analyst estimates this morning posting a Q2 EPS of $0.12, vs the analyst estimate of $0.10 on revenues of $19 million vs the analyst estimate of $17.4 million. Quarter over quarter, that’s a 33% jump in EPS and a 40% increase in revenues, so a nice quarter from CWS. The company is making good progress in transforming more into a wind energy manufacturing company which now makes up 48% of … Read the rest
China Wind Systems (CWS) Expects To Double Profits, Shares Soar 25%
China Wind Systems (CWS) which supplies components to wind turbine companies in China is out with strong guidance this morning and the stock is popping 25% as a result.
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The company sees FY10 revenues in the range of $76 – $85, representing about a 50% increase over 2009. The company sees non GAAP earnings between $15.5 – $16.3 million which is about double over last … Read the rest
China Wind Systems (CWS) Reports Solid Growth
China Wind Systems (CWS) reported strong Q4 results this morning with an adjusted EPS of $0.11 on revenues of $15.9 million. That’s a 37% and 47% bump in earnings and revenues over the year ago period. It should be noted that revenue related specifically to its wind energy business grew 327% over the year ago quarter to $6.8 million, so the company now gets nearly half its revenue from wind energy related business.
CEO Jinahua … Read the rest
China Wind Systems (CWS) Posts Preliminary Results
This morning China Wind Systems (CWS) posted preliminary results for the full year 2009. It should be noted that these are preliminary, unaudited results. The company will release official results sometime in the next month.
The company expects full year 2009 revenues to come in at $53.4 million (or $15.8 million for the quarter) and the EPS at .34/share (or .13/share for the quarter). Those numbers represent a 26% and 33% jump over 2008 levels. … Read the rest
China Wind Systems (CWS) Begins Trading On Nasdaq Tomorrow
We’ll begin coverage of a new green stock beginning tomorrow as China Wind Systems has received approval to begin trading on the Nasdaq tomorrow under the ticker CWS. The company which had been trading OTC under the ticker CHWY is a leading supplier of forged products and equipment for the wind turbine market in China as well as other industries.
“We are honored to be approved to list on The NASDAQ Global Market, one of … Read the rest