Jinko Solar (JKS) is surging nearly 10% in pre-market trading and may break out of a cup with handle base this morning after the company posted strong Q4 earnings results. The company smashed analyst estimates posted an EPS of $2.36 (vs the analyst estimate for $1.56) on revenues of $267.7 million (vs the estimate for just $228 million). Product shipments came in at a record 162.6MW exceeding previous guidance of 130 – 140MW.
==> Click … Read the rest
Auriga maintains its bullish stance on Yingli Green Energy (YGE) following its earnings report a few days ago and is raising the price target a bit from $17 to $18 which is about 50% higher than current levels.
The firm notes that strength from Italy and Germany should lead to better than expected module price declines and that returns on solar projects will remain solid.
Shares of YGE have pulled back the past two days, … Read the rest
JA Solar (JASO) joined Trina Solar (TSL) in posting strong earnings results. The company beat analyst estimates by posting an EPS of .59/share on revenues of $585 million vs the analyst estimate for .48 in EPS on revenues of $570 million. That’s good for quarter over quarter growth of 392% and 145% respectively. The company reported record shipments of 463MW during the quarter which doubled the year ago quarterly output.
::: Click Here For … Read the rest
Trina Solar (TSL) smashed analyst estimates and reported another quarter of strong quarter over quarter growth, but shares are trading down after being up initially. The company reported an EPS of $1.52 on revenues of $642 million vs the analyst estimate for just $1.09 in EPS on revenues of $525 million. Solar shipments were more than 15% higher than the company previously estimated.
==> Click Here For Your FREE Daily Trina Solar Analysis
Here are … Read the rest
Sunpower (SPWRA) reported outstanding earnings results after the bell tonight, beating analyst estimates and raising guidance for this year. The company reported a non GAAP EPS of $1.36/share (vs the analyst estimate of just $1.05) on revenues of $937 million (vs the analyst estimate for $931 million. That’s good for a near tripling of the year ago EPS number and a doubling of the year ago revenue number.
… Read the restAmeresco (AMRC) reported earnings results this morning that beat analyst estimates but traders were clearly looking for more from the company with shares off 10% in early trading. The company reported and EPS of .17/share on revenues of $179 million which was ahead of the analyst estimates for .15/share on revenues of $153 million. I suppose traders are selling the stock after a big run because the EPS number was significantly below the year ago
EnerNOC (ENOC) reported a big quarterly loss after the bell today, but it wasn’t as bad as analysts were expecting in a quarter that is historically weak. The company reported an EPS loss of .67/share (vs the analyst estimate for a loss of .83/share) on revenues of $22.7 million (vs the analyst estimate for $23 million) What concerns me about this quarter is that growth slowed over the year ago quarter. In the year ago … Read the rest
Itron (ITRI) reported earnings results after the bell today that missed analyst estimates on the EPS side and shares are down about 5% after hours as a result. The company reported an EPS of .95/share vs the analyst estimate of $1.05 on revenues of $620.7 million vs the analyst estimate of $$576 million. So, the revenue number was excellent, they just didn’t deliver on the EPS side.
Rubicon (RBCN) reported huge quarter over quarter growth after the bell tonight, smashing estimates in the process. Obviously traders love the report, sending shares up 20% in after hours trading. The EPS number came in at .64/share on revenues of $29.5 million which compares with the analyst estimate of just .50/share on revenues of $26.8 million. The company attributed strong results to two new manufacturing facilities, increased pricing and strong demand in the LED market.… Read the rest
(Please note, I missed this report, so reporting late) GT Solar (SOLR) reported strong earnings after the bell several days ago, beating analyst estimates by a wide margin in the process. The company reported an EPS number of .46/share on revenues of $262.9 million (vs the analyst estimate for .34/share on revenues of $222.7 million). That’s good for EPS and revenue growth of 84% and 51% respectively.