EnerNOC (ENOC) beat low expectations after the bell today, but the company swung back to a big quarterly loss by posting a .50/share loss (analysts expected a .65/share loss). Revenues were a bit better than expected and higher than the year ago quarter, but a fraction of last quarter’s huge revenue surge at just $26.7 million. Given the run this stock has had, an earnings beat just isn’t gonna cut it and the stock … Read the rest
Tag Archives: earnings
Westport Innovations (WPRT) Continues To Move Toward Profitability, Excited About Volvo Partnership
Westport Innovations (WPRT), which develops natural gas engines, reported a decent quarter after the bell today with results slightly ahead of analyst estimates. The company has never had a profitable quarter but continues to move closer to that goal and is expecting its first profitable year in 2011. The company reported a loss of $7.3 million or .21/share on revenues of $38.4 million.
The CEO commented on its relationship with Volvo, saying, “This was a … Read the rest
Time For Akeena Solar (AKNS) To Deliver, Still No Sign Of Profitability
As expected, Akeena Solar (AKNS) delivered another quarterly loss this morning posting a .10/share loss on revenues of $7 million. They missed analyst estimates on both. After many quarters of losses and stagnant revenues, it’s time for the company to deliver and maybe that begins next quarter. CEOs always put a positive spin on the company and hype up all the deals they have and increasing distribution partners.
CEO Barry Cinnamon is no exception, discussing … Read the rest
JA Solar (JASO) Posts Strong Quarter On Record Shipments, Raises Guidance
The China solar stocks could use some good news after being pummeled in the past month and JA Solar (JASO) is providing it with its earnings results this morning. The company recorded record shipments in the quarter, improved margins, beat the Wall St estimates and raised guidance. All in all, a well executed quarter from JASO indicating the company is not only a survivor but a company that could be a leader. They really … Read the rest
Piper Jaffray Downgrades Echelon (ELON) As Profitability Now Uncertain
You knew the downgrades were coming on Echelon (ELON) after yesterday’s very weak guidance and Piper Jaffray is one. The firm is downgrading the stock to Neutral and lowering the price target to $8 from $11. Hat tip to Street Insider for the following analyst comment:
“We downgrade shares of ELON to Underweight following disappointing 2010 guidance, continued lack of revenue visibility, and pushout of profitability. ELON beat on the top and bottom line with … Read the rest
Piper Jaffray Previews JA Solar (JASO) Earnings: Buy Ahead Of Earnings
JA Solar (JASO) will report ahead of the bell tomorrow morning and Piper Jaffray has a preview (courtesy of Street Insider) of earnings which could provide some insight into how well the other China solar companies will do this quarter.
Jesse Pichel of Piper Jaffray recommends traders own JASO shares ahead of earnings. It’s a little late now! They highlight the positives..
– JA Solar has low Euro exposure compared with its Chinese peers. … Read the rest
Echelon (ELON) Beats, But Slammed AH On Poor Guidance
Echelon (ELON) came close to posting its first profitable quarter in about five years and beat Wall St estimates by a good margin after the bell today, but the stock continues to get battered after hours after the company guided much lower for next quarter. The company reported a non GAAP EPS of zero while analysts expected a loss of .17/share. Revenues came in ahead of estimates as well at $38.8 million (vs estimates of … Read the rest
Rubicon (RBCN) Beats Estimates, Guides Above As LED Demand Remains Strong
Rubicon Technology (RBCN) is getting closer to returning to profitability, reporting a loss of .04/share on revenues of $8.5 million, both of which beat analyst estimates of a .05 loss on revenues of $7.3 million. Sequential revenue continues to improve quickly with 49% growth over last quarter. The company expects to return to profitability next quarter with estimates of an EPS of .03 gain on revenues of $10.5 million. Both estimates are above Wall St … Read the rest
Energy Conversion Devices (ENER) Posts Another Big Loss, But Shows Sequential Rev Growth
Energy Conversion Devices (ENER) posted another big loss this morning as the red ink continues to flow. Taking out one time costs for the integration of Solar Integrated Tech, restructuring and inventory write offs, the company still reported a big loss of $25.6 million or a loss of $.56/share which is an increase from last quarter’s loss of .34. Wall St expected a loss of .43/share. On the bright side, the company did show sequential … Read the rest
Zoltek (ZOLT) Misses Wall St Estimates, Takes A Step Back But Sees Better Results In 2nd Half
It may be awhile before Zoltek (ZOLT) returns to the glory days of 2006/2007 when the company was reporting big sales and profits growth. Revenues continue to slide just as they have over the past two years and that trend isn’t showing any signs of abating. The company missed Wall St estimates of $33 million in revenue by posting $29 million, a 25% decrease from the year ago quarter. EPS was .02 share better than … Read the rest