NextEra Energy (NEE), the largest provider of wind and solar power in the US, reported results this morning that beat analyst estimates and the company reported quarter over quarter revenue growth for the first in over a year. They reported a non GAAP EPS of $1.45/share vs the analyst expectation of $1.43 on revenues of $4.69 billion vs the expectation of revenues of $4.52 billion.
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Power-One (PWER) is powering much higher in after hours trading after smashing estimates once again and guiding higher. The company , a leading provider of renewable energy and energy-efficient power conversion and power management solutions, posted record EPS and revenues with an EPS of .40/share on revenues of $314 million. That’s a smashing of the consensus estimate of just .23/share on revenues of $265 million and a big jump over the year ago quarter when … Read the rest
First Solar (FSLR) posted strong 3rd quarter results after the bell today beating analyst estimates as well as the whisper number of $2.10. The expectations are always high for FSLR and the company delivered, but apparently it’s still not enough because the stock is down 5% in after hours trading. This is likely just a sell the news scenario after a healthy run in the past few months.
Satcon Technologies (SATC) posted mixed earnings results this morning missing on the EPS side with a .02/share loss (vs analyst estimates of .01/share loss), but beating on the revenue side posting $58 million vs the analyst estimate of $52 million. Despite the small miss in EPS, it’s a big improvement over the year ago quarter when the company posted a .12/share loss. Revenues increased nearly 6 fold over the year ago quarter, so this remains … Read the rest
Itron (ITRI), smart meter extraordinaire, posted earnings results after the bell that were mighty impressive. The company beat analyst estimates by a wide margin on both EPS and revenues posting an EPS of $1.06 on revenues of $576 million. That compares with analyst estimates of .86/share on revenues of $530 million, so a significant beat for ITRI tonight and shares are rising 8% in after hours trading. Quarter over quarter growth was big indicating the … Read the rest
Orion Energy Systems (OESX), an efficient lighting solutions play, got back in the black after the bell today posting a non GAAP EPS gain of .03/share which beat the consensus estimate of a 1 cent share loss. Revenues came in a bit shy of analyst estimates at $13.7 million, but the company indicated it received an influx of orders right at the end of the quarter which were not able to be produced and shipped … Read the rest
JA Solar (JASO) is moving up in pre-market trading on news the company is raising guidance for the 3rd quarter and now sees shipments at 410MW vs the previous guidance of 375MW. That would represent a 32% jump over the previous quarter and a 131% jump over the year ago quarter. They’ll report official results on November 9th.
Shares of JASO have been on a torrid run over the past couple months and have been … Read the rest
Green Plains Renewable Energy (GPRE) smashed estimates after the bell today posting an EPS of $0.23/share vs the analyst estimate of just .13/share on revenues of $496 million vs the analyst estimate of $433 million. That’s a 5% bump in EPS over the year ago quarter and a 37% surge in revenues. That’s the sixth straight profitable quarter and the company expects to remain profitable next year. Not too shabby for any company especially an … Read the rest
LSI Industries (LYTS) is what I’d call an off the radar LED lighting play in the same group as an Orion Energy (OESX) and Nexxus Lighting (NEXS). These are the LED plays that don’t have the big profits and are on the cusp of growth. After reporting earnings results this morning, you could argue that LYTS is emerging as a new leader in the LED space. Actually, the growth really began last quarter when the … Read the rest
Cree Inc (CREE) reported another quarter of strong growth, but it wasn’t enough to appease traders who are still looking for perfect quarters from this LED high flyer. The company wasn’t able to achieve perfection this time around, reporting mixed results. They reported a non GAAP EPS of .60/share which beat analyst estimates of .58/share but revenues came in a bit shy of the analyst expectations at $268 million (vs the estimate of $277 million). … Read the rest