===> Click Here For Your FREE Sunpower Analysis
Analysts are weighing on the Sunpower (SPWRA) earnings results this morning. Hat tip to Street Insider for the following analyst comments:
Piper Jaffray is maintaining a Neutral rating and is raising the price target from $22 to $25.
“SPWR provided in line FY10 revenue guidance but PF EPS guidance was below consensus; additionally 1Q10 guidance was much lower due to backend-loaded systems revenue. The stock will likely … Read the rest
===> Click Here For Your FREE Sunpower Analysis
Sunpower (SPWRA) reported a mixed quarter last night missing analyst estimates of .49/share, posting .47/share on revenues of $548 million which was well ahead of the estimate of $490 million. What’s hitting the stock this morning is the guidance and the restatement of the financials for 2008, 2009 which concludes the company’s investigation. It’s looking like a rough day for Sunpower, but maybe this clears the … Read the rest
Raser Technologies (RZ) is moving higher in premarket trading after reporting better than expected results last night. The company reported a loss of .07/share which beat the estimate of -.11/share and is a big improvement over the year ago quarter when the company reported a loss of .17/share. That’s in large part due to the company now selling power from its Thermo plant to Anaheim, CA which is giving revenues a boost. The company reported … Read the rest
Ener1 (HEV) reported results last night that were about inline with what they’ve been reporting in the last year. Another loss of .14/share just like last quarter but on record revenues of $11 million. As a development stage company, the quarterly results don’t mean much right now though. It’s all about the future and traders appear to like what’s in store, bidding up the stock about 10% today.
Here are some highlights of comments made … Read the rest
Broadwind Energy (BWEN) recorded another quarter of losses and profitability isn’t looking likely until at least 2011. Subtracting one time items the company posted a loss .11/share, which was .04/share more than what analysts expected. Revenues missed badly as well coming in at $32.95 million, missing estimates of $46 million. This is a company making no progress and even took a step backwards last quarter.
The CEO explained the poor performance: “Broadwind was significantly impacted … Read the rest
China Sunergy (CSUN) is once again showing why its a 2nd rate China solar company after reporting its second straight quarterly loss, reported an adjusted loss of .08/share which was inline with analyst estimates. Revenues came in a bit higher than expected at $97.6 million. The revenue growth was there with a 126% surge over the year ago quarter and a 20% sequential improvement, but the company just can’t generate any consistency with its … Read the rest
Clean Energy Fuels (CLNE) is up about 3% in after hours trading after beating Wall St estimates by a wide margin on the EPS side. The company reported an EPS of .02/share while Wall St expected a .04/share loss. Revenues came in about 5% higher than expected at $42.2 million. That’s a nearly 50% increase over the year ago quarter and the company has now strung together two straight profitable quarters for the first time … Read the rest
ReneSola (SOL) has reported earnings results this morning ahead of analyst estimates but the red ink continues to flow despite the best quarterly revenue number in over a year. They posted an adjusted loss of .03/share (estimates called for loss of .08/share) on revenues of $180 million (beating estimates of $169 million).
SOL CFO Charles Bai commented on the quarter: “During the fourth quarter of 2009, we continued to improve our manufacturing efficiency while expanding … Read the rest
A123 Systems (AONE) reported mixed results after the bell today. While the company reported an EPS loss of .22/share which was slightly worse than Wall St expectations for a .20/share loss, they did beat on the revenue side posting $24.5 million (vs the estimate of $20.80 million. Those number are about inline with what the company has been posting over the past year, so the earnings results don’t say much. As with all development stage … Read the rest
Real Goods Solar (RSOL) reported 4th quarter results after the bell today, posting slightly better results than what analysts expected. The company posted an EPS of .01/share on revenues of $19.1 million. Analysts expected a flat quarter on revenues of $18.85 million. That’s good for a 42% increase in revenues over the year ago quarter and a big improvement in EPS too considering the company posted a .08/share loss in the year ago quarter.
RSOL … Read the rest