In the “you can’t trust the management of a China based company department” .. and there are an increasingly large number of these lately.. A-Power Energy (APWR) finally reveals that indeed the company is far from a leader in the China wind energy space and is struggling in its other business as well. To make matters worse, the big Texas wind project (Spinning Star) is on life support and will likely never happen if additional … Read the rest
Tag Archives: earnings
China Bak Battery (CBAK) Misses, CFO Steps Down, Shares Pressured
China BAK Battery (CBAK) posted disappointing results this morning, posting another quarterly loss. Analysts had expected the company to get back in the black, but instead they posted an .08/share loss. Net revenues were shy of the analyst estimate as well at $55.6 million (analysts expected $60 million).
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Most of their business comes from battery packs for mobile phones and other personal electronic devices … Read the rest
Trina Solar (TSL) Beats By Wide Margin, Raises Guidance, But Not Enough
Trina Solar (TSL) as expected has posted impressive Q3 results this morning, but it’s not enough and the stock is trading down more than 5%. The company reported an an EPS of $1.08/share which is well ahead of the analyst estimate of .87/share on revenues of $508 million vs the analyst estimate of just $420 million. Solar shipments came in much better than the previous estimate of 250 – 260MW at 290MW and gross margins … Read the rest
Yingli Green Energy (YGE) Beat & Guided Higher
Yingli Green Energy (YGE) reported strong results this morning well ahead of analyst estimates sending the stock up about 4% on the day. The company reported a non GAAP EPS of .53 vs the analyst estimate of .36/share on revenues of $491 million vs the analyst estimate of $477 million. That represents quarter over quarter EPS and revenue growth of 194% and 32% respectively. Gross margins came in higher than the previous estimate of 31 … Read the rest
Canadian Solar (CSIQ) Beats, Shares Recovering
I meant to get this out yesterday, but battling a nasty cold so sleep was a priority. Anyhoo Canadian Solar (CSIQ) reported better than expected results, beating on both the EPS and revenue side. The company reported an EPS of .47/share vs the analyst estimate of .43 on revenues of $377 million vs the analyst estimate of $347 million. The EPS number is 32% lower than the year ago quarter, but that was a … Read the rest
A-Power Energy (APWR) Postpones Quarterly Report, No Reason Given
You really have to begin to question whether it makes sense to hold any China based company for the long haul (or at all for that matter). It seems there are more questionable companies trading as ADR’s on US exchanges (see DYP, DGW, RINO, etc) Now we have A-Power Energy postponing its earnings results scheduled for tomorrow until “later in the year”. Huh!? The company says it is not related to any accounting regularities, but … Read the rest
Duoyuan Global Water (DGW) Beats, But Accounting Concerns Remain
Duoyuan Global Water (DGW) could use some good news. The stock was hammered in September on accounting concerns and has had trouble recovering. This morning there is a bright spot as the company reported earnings that were ahead of analyst estimates both on the EPS and revenue side. The company reported an EPS of .55/share vs the analyst estimate for .48 on revenues of $51.5 million vs the analyst estimate for $49 million. Those numbers … Read the rest
Suntech Power (STP) Reports Mixed Results, Testing Yearly Low
Suntech Power (STP) continues to get punished and is testing the yearly lows today after reporting earnings that were shy of analyst estimates on the EPS side. The company reported an EPS of .18/share vs the analyst estimate for .23 on revenues of $744 million vs the analyst estimate of $713 million. Gross margin slipped sequentially from 18.2% to 16.4% due to a decrease in ASP.
===> Click Here For Your FREE Suntech Power Technical … Read the rest
Misleading Headlines For Daqo New Energy (DQ), Actually An Impressive Quarter; Auriga Reiterates Buy & $20PT
After trading stocks for nearly 15 years and covering the markets religiously for nearly 10, there are certain nuances you pick up on. One is the fact that the blogosphere is riddled with misleading headlines and outright errors. Hey, I’m guilty too at times. It always pays to double check and also keep in mind that most sites don’t report the non GAAP number which is the number that analysts use. That’s why you’ll often … Read the rest
China Wind Systems (CWS) Reports Mixed Results, Lowers EPS Guidance
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.