Sunpower (SPWRA) kicked off the solar earnings season tonight with a strong quarter, beating analyst estimates by a wide margin and matching the whisper number of .42/share. Revenues also came in better than expected at $466 million vs the estimate of $420 million. That represents a 26% decrease from the year ago quarter on the earnings side and a 24% increase on the revenue side/ The company guided about in line for the full year … Read the rest
Tag Archives: earnings
Cree Inc (CREE) Benefiting From "LED Revolution", Posts Another Strong Quarter
Cree Inc (CREE) reported another strong quarter and is up in after hours trading as they continue to emerge as the top play in the LED lighting space. The company reported an EPS of .30/share which beat estimates by .08/share and represents a doubling of the year ago EPS number. Revenues also came in strong at $169 million and represents a 20% increase over the year ago quarter. The company sees next quarter EPS about … Read the rest
China Sunergy (CSUN) Beats Estimates, Swings Back To A Profit
A surprisingly good quarter out of China Sunergy (CSUN) this morning. The company swung back to a profit in the quarter, posting .03/share excluding one time items on revenues of $70.1 million. Analysts were expecting .01/share and $60.79 million respectively. It looks like the company is finally getting its costs under control which it had been unable to do in the past 2 quarters.
Commented the CEO, “After two quarters of unfavorable economic conditions, we … Read the rest
A-Power Energy (APWR) Misses Badly Again, Stock Down Sharply Premarket
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest
Suntech Power (STP) Reports Mixed Results, Guides 09 Shipments To Low End Of Range
Suntech (STP) is out with earnings this morning and it’s not bad, not great. You kind of expected this company to emerge from the pack a bit and post a much better quarter, but it didn’t happen. The company reported another plunge in earnings and revenues when compared to the year ago quarter, but saw a bit of sequential growth so inline with what other solar companies are reporting.
STP reported .06/share which is better … Read the rest
Yingli Green Energy (YGE) Beats Estimates, Notes Pick Up In German Demand, But Shares Slump
Yingli Green Energy (YGE) has posted better than expected results ahead of the bell this morning. The company is back to profitable on a non GAAP basis, reporting .14/share vs the estimates for .04/share. Revenues also topped expectations at $219.5 million vs the Wall St estimate of $213.5 million. That’s about in line with the quarter over quarter revenue decrease of last quarter, but sequentially the revenues are much better, which is a trend … Read the rest
Solarfun (SOLF) Up Premarket After Beating Estimates; "Demand Appears To Be Improving"
Solarfun (SOLF) is trading up about 5% premarket after beating both on EPS and revenues. The company posted a non GAAP EPS of .08/share vs the analyst estimate of a .04/share loss. Revenues also came in better than expected (about $8 million higher) at $125 million. Those numbers are still way off from the year ago quarter but a significant improvement sequentially, indicating that the financial bottom may be in for Solarfun.
Highlights
– PV … Read the rest
Trina Solar (TSL) Beats On EPS, Says "Market Confidence Returning To PV Sector"
Trina Solar (TSL) is trading a bit higher after the bell today after the company beat EPS estimates on revenues that were about inline. Taking out one time write offs and gains, the company reported an EPS of .42/share which beat analyst estimates of .32/share but represents a significant hair cut from the year ago quarter when it posted 1.01/share. Still, it’s an improvement over last quarter’s .33/share. Revenues came in at $150 million which … Read the rest
Greenhunter Energy (GRH) Quarter Not As Good As Headlines Would Have You Believe
I’ve written about this so many times before and this is perhaps one of the worst examples of a misleading headline. Do a search for GRH and you’ll see one headline saying that GreenHunter Energy (GRH) turns to a profit. Perhaps (I haven’t located the benefit of the one time events the company refers to in its press release) but take a look at the revenue number. They reported $1.7 million in revenue which is … Read the rest
LDK Solar (LDK) Warned Of Poor Quarter & It’s Delivering, Shares Plunge AH
LDK Solar (LDK) is reporting terrible earnings results after the bell today, but it shouldn’t come as too much of a surprise because the company warned of a large write down a few weeks ago. They reported a large EPS loss of -2.03/share (which includes the $175 million write down) vs the analyst expectations of a .91/share loss. No signs of recovery on the revenue side either with a 50% drop over the year ago … Read the rest