It’s been a mighty rough go for any stock related to wind energy and China Ming Yang (MY) is no exception as the stock continues to drift lower and lower. It’s latest earnings report isn’t providing any help. The company, while profitable, missed analyst estimates by a wide margin reporting an EPS of .10/share (vs estimate for .20) on revenue of $217 million (vs estimate of $240 million. The more than two year streak of … Read the rest
Tag Archives: earning
Big Losses Remain At Tesla (TSLA), But Beats Estimates & Shares Rise
Tesla Motors (TSLA) is seeing a rare up day today despite posting another big quarterly loss as the company narrowly beat analyst estimates. After a significant correction in recent months, traders are looking for any sign of a positive and they got a small one today.
Tesla reported an EPS loss of .47/share on revenues of $36 million which was a bit above the analyst estimates of an EPS loss of .50/share on revenues of … Read the rest
JA Solar (JASO) Raises Guidance 20%, Shares Surge 10%
JA Solar (JASO) has raised shipments guidance for the recently ended quarter from the previously expected range of 215 – 225MW to 265MW. The company will report earnings in about a month.
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CEO Peng Fang is seeing growth across the board. “We are making progress in winning new customers globally, and are seeing strong demand for our high quality solar products from major solar markets worldwide, … Read the rest
Gushan Environmental (GU) Reports Mixed Results, Off 16%
Gushan Environmental (GU), a leading China biodiesel producer announced mixed earnings results this morning, matching EPS estimates of .01/share which is a big drop from the .20/share it reported one year ago. Revenues came in about 10% lower than expectations at $40 million, nearly a 20% drop from the year ago period.
Looking ahead, the company expects its new plants in Chongqing and Hunan to begin production next quarter and increase production at the Shanghai … Read the rest
Akeena Solar (AKNS) Shows Little EPS Improvement, But Revenues Weak
Akeena Solar (SOLR) reported earnings this morning and the silver lining is that they didn’t burn through cash as quickly as they had in previous quarters. That’s about it. They reported an EPS loss of .17/share which is one cent worse than expectations and one cent worse than the year ago quarter. The company has been cutting costs to get to the cash flow break even point but has a ways to go. The most … Read the rest
JA Solar (JASO) Up After Missing On EPS, Beating On Revenues
JA Solar (JASO) gapped up big out of the gates this morning after reporting a wider loss of .11/share on a non GAAP basis, but beating revenue estimates of $118 by reporting $143.5 in revenue. It has reiterated its guidance for revenues this year in the range of $830 – 952 million which should put the company close to analyst expectations of $854 million.
The company remains fairly liquid with $282 million in cash and … Read the rest