Canadian Solar (CSIQ) is out tightening the shipment guidance after the bell today from the previously expected 180 – 190MW range to 189 – 191MW, but is expecting an $18 – 20 million forex hit in the quarter due to the depreciation of the Euro against the US dollar. They expect gross margins at around 13%. CEO Shawn Qu expects a strong quarter this quarter as well and indicated the company will better hedge against … Read the rest
Tag Archives: earnings
Cree Inc (CREE) Beats, Posts Big Growth, But Traders Sell The News
Cree Inc (CREE) is selling off in after hours trading more than 5% as traders “sell the news”. A big quarter was already priced in and traders are taking some profits. CREE beat both the consensus estimate of .44/share and the whisper number of .46 by posting a non GAAP EPS number of .47/share on revenues of $234 million. These numbers also beat the company’s estimate of revenues in the $215 – 225 million range … Read the rest
Evergreen Solar (ESLR) Announces Preliminary Results, Record Shipments
JA Solar (JASO) raised guidance about two weeks ago and Evergreen Solar (ESLR) is out with preliminary results tonight, but the two companies still aren’t in the same league. ESLR is saying that 1st quarter shipments have increases to a new company record of about 35.4MW with revenues at about $78.5 million and an average selling price of $2.20/watt. However, manufacturing costs remained about where they were last quarter which is disappointing for a company … Read the rest
Rino Intl (RINO) Reports Strong Results, But Misses Estimates
Rino International (RINO), one of the top China water and remediation plays, reported earnings after the bell today. Growth was excellent, but it didn’t quite meet Wall St estimates. The company reported an adjusted EPS of .53/share which was a big jump from the year ago quarter (.28/share), but missed by a penny and was significantly less than last quarter’s record quarter of .68/share. Revenues came in at $53 million which was a 32% … Read the rest
SmartHeat (HEAT) Misses Estimates, Sees Strong 2010
SmartHeat (HEAT) posted huge quarter over quarter growth this morning, but that’s compared to an unusually weak Dec 08 quarter and the company missed analyst estimates of .14/share by posting an adjusted EPS of .10/share. Revenues came in at $26 million. No question, it was a real good quarter from HEAT, but traders were looking for more with the stock down 12% today.
CEO James Wang commented on the industry and economic conditions: “China’s energy … Read the rest
China Wind Systems (CWS) Reports Solid Growth
China Wind Systems (CWS) reported strong Q4 results this morning with an adjusted EPS of $0.11 on revenues of $15.9 million. That’s a 37% and 47% bump in earnings and revenues over the year ago period. It should be noted that revenue related specifically to its wind energy business grew 327% over the year ago quarter to $6.8 million, so the company now gets nearly half its revenue from wind energy related business.
CEO Jinahua … Read the rest
A-Power Energy (APWR) Reports Strong Results, Disappoints On Guidance
A-Power Energy (APWR) reported a big growth in the last quarter and beat analyst EPS estimates by a wide margin reporting a non GAAP Q4 EPS of $0.61 which was well ahead of analyst estimates of $0.41. Revenues were a bit shy of what analysts were looking for at $125.9 million. Those are record numbers representing a 100% increase and 60% increase in EPS and revenue over the year ago quarter. So why is the … Read the rest
Biofuel Energy (BIOF) Reports First Profitable Quarter, Shares Surge
Biofuel Energy (BIOF) reported terrific growth and reached a milestone in its latest quarter last night and traders are bidding up the stock more than 14% today on the news. The company reported an EPS of .21/share on revenue of $120 million. It’s the company’s first profitable quarter and a big improvement over the year ago period when they reported a loss of .43/share.
An impressive quarter, but CEO Scott Pearce warned that contractions in … Read the rest
LDK Solar (LDK) Shares Slump On EPS Miss
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LDK Solar (LDK) reported a non GAAP Q4 EPS of $0.03 which missed analyst estimates of $0.12 as margins took a hit. Revenues were a bit above estimates at $304 million. While that’s a big improvement over the year ago quarter when the company reported a whopping 2.05 loss, it wasn’t enough to keep traders from dumping the stock today.
Here are some highlights of comments … Read the rest
Tri-Tech Holdings (TRIT) Earnings/Sales Double, Shares Soar
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Tri-Tech Holdings (TRIT) is a very small company, but one that is growing quickly in an industry with tremendous opportunity – China water. The company reported revenues that doubled over the year ago quarter to $5.9 million and an EPS of .24/share vs the .12/share reported a year ago. Gross margins increased to 38% from the 27% in the year ago quarter. So, clearly a company … Read the rest