Some good news and bad news out of Echelon (ELON) tonight. The company reported a narrower loss than what Wall St expected, but the CEO announced he was stepping down to battle lung cancer but will remain on the Board as an adviser. Well wishes to you Mr. Oshman.
The company reported a non GAAP EPS loss of .11/share which was much better than the .24/share loss Wall St expected. Revenues came in a bit … Read the rest
Rubicon Technology (RBCN) reported results this morning that weren’t all that impressive. With Cree Inc (CREE) continuing to do extremely well in the LED space, I expected a bit better results. The company reported a loss of .10/share which matched analyst estimates on revenues of $5.7 million which was a bit above what Wall St expected. The CEO commented on the strength in the LED market , but it doesn’t appear they’re capitalizing just yet.… Read the rest
American Superconductor (AMSC) reported another impressive quarter, beating analyst estimates by a wide margin. The company posted EPS of .19/share which was .07 better than expectations . They posted a loss in the year ago quarter. Revenues were strong as well at $74.7 million and about 10% ahead of analyst estimates (85% greater than year ago quarter). They are also raising their full year 2009 revenue guidance from $260 – $270 to $300 – 310 … Read the rest
As expected, Itron (ITRI) didn’t post great results after the bell today and that’s been the case for much of the past year as utilities continue to curb spending. The company posted an EPS of .45, missing analyst estimates by .07 on revenues of $408 million which also misses estimates ($418 million). The stock isn’t getting hit too hard after hours because expectations were low going in and most traders recognize that with stimulus … Read the rest
First Solar is selling off more than 15% in after hours trading and taking out key support levels again after the company beat Wall St estimates of 1.73/share, but missed the whisper number of 1.90 share. The company also missed by a wide margin on the revenue number but held firm with its full year revenue forecast of $1.975 – 2.025 billion which is at the high end of the previous range. All in all, … Read the rest
The nation’s largest provider of renewable energy power disappointed investors this morning by missing analyst estimates and guiding lower for this year and next. FPL Group (FPL) reported a non GAAP EPS of 1.38/share, missing estimates by .03. Revenues were disappointing as well coming in at $4.47 billion which was a 17% decline from the year ago quarter. To make matters worse, the company is lowering guidance. For 2009, the company now expects an EPS … Read the rest
LDK Solar (LDK) gapped up about 10% this morning after the company raised guidance but finished around the lows of the day, up just under 2%. The stock just can’t seem to get anything going.
The company now expects to report revenues of between $270 – 290 million (up from previous estimates of $240 – 270 million) with shipments in the range of 310 – 330MW (up from previous guidance of 260 – 300MW) when … Read the rest
I came across a Reuters article today discussing the Itron (ITRI) earnings report tomorrow and they believe (along with a few analysts) that Itron will report poor results tomorrow after the bell due to a cut back on spending from utilities, but are bullish longer term. I would like nothing more than for Itron to miss by a wide margin tomorrow so that I can continue to add to a long term position at a … Read the rest
JANCO Partners upgraded American Superconductor (AMSC) from Market Perform to Accumulate ahead of its earnings report on Thursday.
Hat tip to StreetInsider.com for the following analyst comment:
“In view of the recent pullback in the stock price and continued momentum of the Chinese wind market benefiting AMSC, we are upgrading the stock to Accumulate. We believe that the company has a reasonable chance of outperforming Street expectations given that Sinovel accelerated their ramp schedule of … Read the rest
MEMC Electronics (WFR) reported after the bell tonight and the headlines coming out would have you believe that the quarter was a bit of a disaster with the company posting a .29 EPS loss. Here at GreenStocks I like to dig a little bit deeper and get to what’s really going on after all the one time gains and losses. If you take out the one time restructuring and impairment charge of $39.7 million, a … Read the rest