Power One (PWER) reported relatively strong results after the bell today beating analyst estimates on both the EPS and revenue side. The company reported an EPS of .21/share on revenues of $267 million vs the analyst estimates of .14/share on revenue of $239 million. However, the numbers are still significantly below the year ago quarter of .38 in EPS and $366 in revenue.
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“In 2011, … Read the rest
The LED leader Cree Inc (CREE) continues to have a bit of a tough go in earnings season, missing analyst estimates and issuing weak guidance once again. The company reported a non GAAP EPS of .25/share on revenues of $304 million. It wasn’t an awful quarter with the company missing estimates by a small margin and posting quarter over quarter growth of 18%, but traders don’t like the guidance sending shares down nearly 5% in … Read the rest
Kandi Technologies (KNDI) reported earnings results after the bell tonight that were just OK. This is one of many “green” companies where traders are currently making bets on the potential rather than current earnings and sales. If you believe that China will be as ambitious with its electric car initiatives as it has been with solar, then a trade in KNDI down here probably makes sense for the long haul. Just a couple months … Read the rest
China Ming Yang Wind (MY) is reporting earnings results this morning that missed analyst estimates on the EPS side, but slightly ahead on the revenue side. The company reported an EPS of .13/share (vs estimates for .16/share) on revenues of $299 million (vs estimates for $297 million).
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Here are highlights of comments made by CEO Chuanwei Zhang:
– 28% year over year growth in … Read the rest
The big losses for A123 Systems (AONE) continues with no end in sight and that is never more apparent after the earnings report this quarter in which the company reported record revenues, but another steep loss to go with it. The company reported an EPS loss of .51/share (wider than analyst estimates for loss of .38/share) on revenues of $64.3 million vs the analyst estimate for $66 million.
Suntech Power (STP) is announcing preliminary results this morning that aren’t bad. The company expects shipments will have increased 15% over last quarter with revenues exceeding $800 million. Margins are expected to be at the higher end of the previously announced range of 11 – 13%. However, the stock is off a few percent this morning on news that the company will incur a larger than expected Forex hit. Looking ahead, the company is optimistic … Read the rest
Fuel Systems Solutions (FSYS) is having a rough morning, down 15% after reporting an EPS that was well below analyst expectations. After taking out the one time relocation cost of moving a portion of its business from the Netherlands to Italy, the company reported an EPS of .065/share which was well below the analyst estimate for a profit of .17/share. The company attributed the miss to higher taxes in the quarter. On the bright side, … Read the rest
Clean Energy Fuels (CLNE) also reported earnings results after the bell this evening, posting results above the analyst estimates, but the company remains firmly in the red. The EPS came in on a non GAAP basis at .11/share which was better than the .13/share loss analysts had expected. Revenues were a bit better than analyst expectations as well at $72 million vs the estimate for $70 million.
Rubicon Technology (RBCN) reported earnings results after the bell today that were ahead of analyst estimates, but the stock is getting hit more than 12% in after hours trading on very weak guidance.
The company reported an EPS number of .35/share on revenues of $33.6 million which was above the analyst estimates of .26/share on revenues of $31 million. The company attributed the strong results to strong sales of its six inch polished wafers which … Read the rest
Nexxus Lighting (NEXS) is always an interesting earnings report to take a look at because they have that big deal with Lowe’s to sell LED lights to consumers which provides a good read on whether the consumer is ready for the big up front cost of an LED bulb in exchange for lower electricity bills and no replacement over many years. It would appear they are still experiencing sticker shock when it comes to LED … Read the rest