Demand response leader EnerNOC (ENOC) has reported earnings results this morning that beat analyst estimates by a healthy margin. The company reported a non GAAP EPS of $1.96/share vs the estimate for $1.56 on revenues of $169 million vs the estimate for $161 million.
"We had a very strong summer, responding to more than 225 demand response dispatches," said Tim Healy, EnerNOC’s Chairman and Chief Executive Officer. "During the third quarter, we broadened our product … Read the rest
Yingli Green Energy (YGE) is out this morning updating guidance ahead of official earnings results in a few weeks and there are no surprises. As has been the case with ALL solar companies, YGE is taking down guidance, but it isn’t slashing guidance significantly like many other companies have and YGE remains my top China solar play.
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The company now expects that Q3 shipments increased … Read the rest
Barron’s has a good post outlining some of the highlights of the First Solar (FSLR) conference call last night. Here’s a brief summary, but check out the article.
Ahearn acknowledged that the future for solar in the shorter term isn’t as bright as he hoped it would be, but there is lots of opportunity. That opportunity is apparent in China where it will have to get a healthy supply of electricity from renewable sources if … Read the rest
STR Holdings (STRI) reported mixed results last night with an EPS number that beat analyst estimates at .21/share (analysts expected .19/share) despite a revenue number that was way below analyst estimates at $56 million (analysts expected $85 million). That’s a 21% decrease in revenue sequentially and 18% quarter over quarter.
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“Despite what many of us in the solar value chain anticipated after a soft second … Read the rest
PowerSecure International (POWR) is having a great morning gapping up off a bottom and up nearly 20% after the company reported results that were way ahead of analyst estimates with the company swinging back to a quarterly profit after posting breakeven results last quarter and a loss in the year ago quarter.
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The company reported a non GAAP EPS of .05/share on revenues of $38 million … Read the rest
You have to wonder whether the good news out of solar will ever return with the constant flow of negative headlines. The key to pinpointing when a bottom may be in place for share prices is when the bad news is ignored and the price of the stock stays flat or even goes up. We may be near that time especially for the China solar stocks. Shares of Trina held up quite well today despite … Read the rest
It’s not getting any better for the solar industry in after hours action tonight. Big US solar manufacturer Sunpower is reporting less than stellar results as well in addition to an announcement of a Q4 reorganization that has the CFO saying adios. The company aims to cut costs by 10% next year.
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Sunpower reported a decent profit on a non GAAP basis of .16/share which was … Read the rest
Solar stocks got a jolt of buy interest last week, but have been giving some of that back. That continues today after US solar manufacturer and developer MEMC Electronic Materials (WFR) reported results that were below analyst estimates. The company reported an EPS of .03/share vs the expectation of .10/share. On the bright side, the company beat analyst estimates on the revenue side posting $859 million vs the estimate for $782 million. The stock is … Read the rest
After the last earnings report out of Itron (ITRI) I mentioned that I didn’t think the bottom was in and that the $45 level was looking like the next level it needed to test. Shares did test that level and ultimately through there as well, dropping below $27. You have to go back to 2005 to see those levels. A few months later, I believe the bottom is close particularly after today’s high volume surge … Read the rest
Trina Solar (TSL) reported financial results yesterday that missed analyst estimates, but shares rose anyway which is an indication that the worst is likely over for top tier solar stocks such as Trina Solar. The company reported an EPS of .32/share on revenues of $580 million vs the analyst estimates for .47/share on revenues of $600 million.
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Here are some highlights of comments made by … Read the rest