Hoku Scientific (HOKU) reported earnings results after the bell and traders aren’t impressed. While the company matched analyst estimates with a .03/share loss, they missed badly on revenues reporting just $776K vs the analyst estimate of $1.4 million. Granted, it’s a big improvement over the 112K they reported in the year ago quarter, but when you miss that badly, the stock will get hit. It’s off about 10% in after hours trading.
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Solarfun (SOLF) reported what has probably been one of the most impressive solar earnings reports this earnings season. Not only did the company properly hedge to avoid currency exchange losses, but they reported record revenues and smashed analyst estimates. No wonder the stock was up nearly 20% at one point today.
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The non GAAP EPS of .40 was more than double what analysts expected (.19). Revenues beat … Read the rest
UQM Technologies (UQM) reported earnings last night that were in line with the analyst estimate of a .03/share loss on the EPS side, but missed the revenue estimate of $2.39 million (posting $2.28 million). This is a company that continues to struggle, but sees potentially rapid growth next year with the CFO predicting profitability in Q1 2011 with some help from the DOE.
CFO Donald French commented: “During the first quarter of fiscal 2011 we … Read the rest
Trina Solar (TSL) reported record revenues and shipments this morning, beating analyst estimates in the process despite a $14 million forex hit. The company posted and EPS of .66 on revenues of $336.8 million, which was better than the analyst estimates of .61 and $328 million respectively. That’s good for a 155% jump in revenues over the year ago quarter as shipments rose to 193MW. That’s a record for shipments and above their previous guidance. … Read the rest
Yingli Green Energy (YGE) was out with strong earnings results this morning, beating Wall St estimates in the process. The company reported a non GAAP EPS of .23 on revenues of $358.9 million. That beat analyst estimates by .01 and $5 million respectively and represents a 146% revenue increase over the year ago quarter. Gross margins hit a new record at 33.3%.
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Other highlights:
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GT Solar (SOLR) returned to quarter over quarter growth after two sub par quarters in the last half of last year. The company posted strong results and beat Wall St estimates after the bell yesterday.
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The company reported an EPS of .23 vs the Wall St estimate of .19 on revenues of $194.7 million vs the Wall St estimate of $183 million. That’s quarter over quarter … Read the rest
As expected, Converted Organics (COIN) reported another healthy increase in quarter over quarter revenue growth and continues to narrow its quarterly loss. The company reported an EPS loss .17 which is a big improvement over the .49 loss in the year ago quarter and the .27/share loss reported last quarter. Revenues surged 80% to 900K and considering this quarter is typically their strongest, they should be able to crack the $1 million in quarterly … Read the rest
Rino Intl (RINO) was a high flyer last year as revenues and earnings soared, but the stock began to sell off in January and continued to slide even as growth remained very impressive. Now we know why. As I’ve mentioned before, technicals always lead fundamentals. That is, the stock will sell off long before the fundamentals turn sour. Conversely, a stock will run well before the growth begins to appear.
Orion Energy Systems (OESX) swung to a quarterly profit vs the .05/share loss they reported in the year ago quarter, but missed the Street estimates on both EPS and revenues. They reported a non GAAP EPS of .01, missing by a penny on revenues of $18.88 which was shy of estimates by about $1.5 million.
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The guidance isn’t impressive either. The company expects EPS for … Read the rest
Energy Focus (EFOI) reported after the bell today and posted a narrower loss of .17/share (3 cents better than expectations). Revenues surged over the year ago quarter to $8.5 million but $5.3 million of that was due to their acquisition of Stones River Companies, so take out the SRC results and you really have a company that really isn’t making any progress.
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The SRC acquisition … Read the rest