Green Plains Renewable Energy (GPRE) continues to get back in the black with a big splash. After reporting steep losses in 2007 and 2008, the company bounced back with a big surge in revenues and earnings last year as ethanol production increases along with prices. It’s safe to say that conditions for ethanol producers are quite a bit better now than they were a couple years ago and that’s certainly reflected in the stock prices … Read the rest
Tag Archives: earnings
Telvent (TLVT) Posts Surprisingly Weak Earnings, Stock Crushed
We’re almost exactly one month removed from Cramer’s bullish call on Telvent (TLVT) touting it as a great speculative play. In that post I mentioned the call was irresponsible after such a torrid run and a quick read of the technicals would have indicated that distribution was coming in, a topping signal. The stock was ripe for a correction, possibly a steep one. The stock is down 30% since that call was made. Granted, we … Read the rest
Fuel Systems Solutions (FSYS) Raises Guidance
Fuel Systems Solutions (FSYS) is issuing preliminary results this morning ahead of previous expectations and now expects full year 2009 revenue of about $450 million vs the previous estimate of $415 – $425. Gross margins are seen at the higher end of the 30 – 32% range.
Fuel Systems will report earnings March 4th.
CEO Mariano Costamagna commented, “Our business gained momentum in the fourth quarter of 2009, benefiting from the uncertain future of the … Read the rest
Canadian Solar (CSIQ) Hit 10% After Lowering Margins Guidance
Canadian Solar (CSIQ) is out this morning updating its outlook for the 4th quarter and traders aren’t liking the outlook for a lower gross margin due to higher processing costs, defective production equipment and clearing of old inventory. On the bright side, the company does expect shipments to be slightly higher than previous estimates of 128 – 138MW. Canadian Solar will report earnings on March 3rd.
Shares are down about 10% in premarket trading, but … Read the rest
First Solar (FSLR) Beats Lowered Expectations, Maintains Guidance But Under Pressure
First Solar (FSLR) has just reported earnings results and they are impressive at least compared to very conservative analyst estimates. The company smashed EPS estimates of 1.49/share and the whisper number of 1.42/share by posting 1.65/share, but that is a decrease from last quarter and just a hair above the year ago quarter. Revenues were more impressive at $640 million which is a nearly 50% bump from the year ago quarter and 30% higher than … Read the rest
Brigantine Advisors Upgrades First Solar (FSLR) To Buy Ahead Of Earnings
The analysts are tripping over themselves to make a call on First Solar (FSLR) ahead of earnings tonight. Add Brigantine Advisors to that list. The firm has upgraded First Solar (FSLR) to Buy and set the price target at $145 per share. Hat tip to Street Insider for the following analyst comment:
“News out of the solar sector has generally been negative over the last few months: a mostly inconclusive climate summit in Copenhagen, delays … Read the rest
Itron (ITRI) Turns The Corner, Smashes Estimates
After four straight quarters of sliding revenues and profits, it appears the smart grid sleeping giant Itron (ITRI) has been awakened and ready for years of extraordinary growth. Ok, maybe that’s a bit optimistic, but she has clearly turned the corner with a very impressive quarterly earnings report after the bell today. The company smashed conservative Wall St estimates of .60/share by posting a non GAAP EPS of .82 share on revenues of $477 million. … Read the rest
Broadpoint AmTech Maintains Buy Rating On First Solar (FSLR) Ahead Of Earnings
I posted earlier about FBR Research and Piper Jaffray maintaining their ratings on First Solar (FSLR) ahead of earnings and Broadpoint is chiming in with a maintain as well. They have a Buy rating and $165 price target on FSLR and are holding to it through earnings on Thursday. Hat tip to Street Insider for the following analyst comment:
“FSLR is scheduled to report 4Q09 results on Thursday, after the market close. We anticipate healthy … Read the rest
Piper Jaffray Reiterates Overweight On First Solar (FSLR) Ahead Of Earnings
Yesterday FBR Research reiterated its Underperform rating on First Solar (FSLR) and this morning Piper Jaffray is holding firm with its own rating of Outperform. The firm has a $127 price target. Hat tip to Street Insider for the following analyst comment:
“Based on strong sector fundamentals, and channel checks with customers, we anticipate an in-line to better 4Q09 given sector strength and sold out conditions. We anticipate reiterated and unchanged 2010 guidance noting FSLR … Read the rest
FBR Research Maintains Underperform On First Solar (FSLR) Heading Into Earnings
Earlier today FBR Research came out with an update on its rating of First Solar (FSLR) and the firm isn’t budging. It maintains an Underperform rating and a $100 price target heading into earnings on Thursday.
Hat tip to Street Insider for the following analyst comments:
“We expect First Solar to meet or exceed our in-line with consensus estimates for 4Q09 when it reports on Thursday after the close. Due to demand pull-in in Germany … Read the rest