LDK Solar (LDK) surprised the St this morning by reporting a profit on a GAAP basis. I don’t see a non GAAP number in the report and wasn’t seeing an indication at first glance of any large one time gains, but will update this report if that’s the case. So on a GAAP basis which includes one time gains and losses, the company reported Q3 earnings of $0.27/share which smashed analyst estimates of a .10/loss. … Read the rest
Tag Archives: earnings
Suntech (STP) & Trina Solar (TSL) Smash Earnings Estimates, Trading Higher
Two pillars of the China solar industry, Trina Solar (TSL) and Suntech Power (STP) smashed the low expectations of analyst estimates this morning.
TSL reported a Q3 EPS of $1.29, versus the analyst estimate of $0.75. Revenue for the quarter was $249.7 million, much greater than the analyst estimate of $216.30 million. Shares are trading higher again this morning, up about 4%.
Suntech (STP) reported Q3 EPS of $0.16, 9 cents better than the analyst … Read the rest
Solarfun (SOLF) Swings To Big Profit, Sees Strong Demand Continuing
Solarfun Power (SOLF) got back in the black in a big way, reporting a Q3 EPS of $0.37 this morning, smashing analyst estimates of just .14/share. Revenues were down over the year ago quarter but continue to improve sequentially at $144 million.
The company reported better diversity in the quarter with the new Czech solar market contributing 8% of shipments, but the company is still concentrated in Germany with 60% of its shipments there. That’s … Read the rest
China Sunergy (CSUN) Reports Adjusted Loss, But Sees Strong Shipment Growth Q4
China Sunergy (CSUN) posted a big gain for the 3rd quarter, but all of that was in currency fluctuation gains. On an adjusted basis the company actually reported a loss of .03/share vs the analyst estimate of a .02/share gain. Revenues came in above analyst estimates at $80 million, but that was 33% lower than the year ago quarter. The stock is likely rallying on the company forecast for next quarter which calls for strong … Read the rest
Canadian Solar (CSIQ) Reports Record Profit & Expects To Double Shipments In 2010
Canadian Solar (CSIQ) reported a strong Q3 EPS this morning of $0.69 which was .14/share better than analyst estimates and a more than 50% increase over the year ago quarter. It’s also a new record for the company. Revenues were below the year ago quarter by about 15% at $213 million, but was better than what analysts expected.
The CEO said European demand remains strong and contributed greatly to the success in the quarter with … Read the rest
SmartHeat (HEAT) On Fire After Reporting Record Earnings
SmartHeat (HEAT) which makes products to increase energy efficiency is on fire today after reporting another quarter of big growth. Earnings doubled over the year ago quarter to .36/share on revenues of $37.8 million which is an 83% increase over the year ago quarter. Both are records for the company.
The CEO commented on the strong quarter..
“Our third quarter financial results are the result of a favorable market environment for our industry … Read the rest
ReneSola (SOL) Reports Mixed Results, Expects Return To Profitability In Two Quarters
ReneSola (SOL) reported mixed Q3 results this morning posting a loss of $0.07 which was inline with analyst estimates on revenues of $140.9 million which was a bit better than Wall St estimates of $136.8 million.
The company says it’s seeing a strong rebound in demand and expects to work through its high priced inventory early next year which will get the company back in the black. CEO Xianshou Li also commented on recent acquisitions:… Read the rest
Rino Intl (RINO) Reports Blow Out Quarter, Shares Surge Again
RINO International (RINO) reported outstanding results again this morning, smashing analyst estimates. The company reported a non GAAP EPS of .78/share which nearly doubled the analyst estimate of .47 (again, remind me what these analysts are being paid for?) That’s just about a doubling of profits over the year ago quarter. The company smashed analyst estimates on the revenue side as well posting $63 million vs the estimate of $44 million.
CEO Zou Dejun … Read the rest
Yingli Green Energy (YGE) Posts Record Profit, Beats By 1 Cent
Yingli Green Energy (YGE) posted a mostly strong earnings report this morning, beating on the EPS side and posting record revenues, but missing Wall ST revenue estimates just a bit. Like most solar companies this quarter, the company posted results much better sequentially but flat compared to the year ago quarter. Granted, the year ago quarter was typically the best quarter for most solar companies, so starting next quarter the quarter over quarter growth should … Read the rest
A123 Systems (AONE) Reports Mixed Results & Another Large Loss
A123 Systems (AONE) beat estimates after the bell yesterday, but the company remains a long ways off from being profitable and results were basically flat over the year ago quarter. The company posted an EPS loss of .22/share, which is a bit worse than the .19/share loss reported last year, but better than the .33/loss analyst expected. Revenues came in at $23.6 million which is better than the $19 million analyst estimate and a slight … Read the rest