I’ll keep this post on the earnings report out of Hanwha SolarOne (HSOL) fairly brief. It was about inline with what just about every other solar company reported – revenues about inline with analyst analyst estimates but missing on the EPS side by a wide margin due to regulatory changes in Italy, falling ASP’s, rising inventory, etc. HSOL reported a loss of .12/share while analysts expected a .12/share profit. However, these results have been pricing … Read the rest
Tag Archives: earnings
Suntech Power (STP) In The Red Despite Surge In Revenues
Suntech Power (STP) is posting earnings results this morning that are in line with its competitors. Strong revenues and plummeting profits. Even when you take out the write off for the MEMC and CSG Solar investments, the company still lost .19/share despite strong revenues of $830 million. Analysts had expected a profit from the company on revenues of $800 million. The CEO acknowledged it remains a highly competitive market and that should remain so for … Read the rest
LSI Industries (LYTS) Misses, Remains Cautiously Optimistic For Fiscal 2012
LSI Industries (LYTS) reported after the bell tonight, missing analyst estimates. The company reported an EPS of .06/share on revenues of $75 million which compares with the analyst estimate of .11/share on revenues of $76 million. CEO Robert J. Ready blamed the earnings miss on less federal tax credits and an increase in local income taxes. Despite the miss, the company still posted nice quarter over quarter EPS and revenue growth of 50% and … Read the rest
JA Solar (JASO) Misses Badly With Record Loss, Guides Lower
An awful earnings report out of JA Solar (JASO) this evening with the company missing analyst EPS estimates by a wide margin and reporting a record quarterly loss of .22/share. Ouch. Revenues came in at $413 million vs the estimate for $418 million. The cause? You guessed it.. a slow down in Germany and policy changes in Italy not to mention increasing economic uncertainty.
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Dr. Peng … Read the rest
Canadian Solar (CSIQ) Misses Badly On EPS, Shares Sink
The headlines for Canadian Solar’s (CSIQ) earnings report today focused on the big quarter over quarter growth, but the real story today was the fact the company missed analyst estimates by a wide margin on the EPS side, posting .16/share vs the estimate for .28/share. Revenues came in higher than expectations at $482 million. No doubt a strong quarter over the year ago quarter, but not what analysts were looking for which is why … Read the rest
Cereplast (CERP) Revs Continue To Soar, But Posts Wider Loss
Cereplast (CERP) is an exciting company and a leader in the bioplastics movement as regulation, particularly in Europe, increases demand for biodegradable containers and packaging. However, as revenues continue to soar over the year ago period, the company isn’t getting any closer to profitability. That will have to change soon or the stock won’t get off the ground like it did a few months back.
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The … Read the rest
Nexxus Lighting (NEXS) Revenues Surge, But Profits Remain Elusive.. For Now
Nexxus Lighting (NEXS) remains a micro cap LED stock with a ton of potential. With a Lowe’s deal in place and a focus on the consumer market, the company could see tremendous growth in the coming years IF LED lighting costs come down far enough to reach the average consumer. The company is seeing nice revenue growth off a small base, but profits remain elusive up to this point.
Kandi Technologies (KNDI) Reports Solid Quarter On Go-Kart Growth
The key for longer term growth for Kandi Technologies (KNDI) is sales of electric cars in China. While the company continues to build on that strategy, sales remain strong in its legacy go-kart and ATV business. The company reported a profitable quarter with very good quarter over quarter non GAAP EPS growth of 75%. However, revenues remained stagnant over the year ago quarter.
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"Kandi … Read the rest
Satcon Technology (SATC) Pressured On EPS Miss, Weak Guidance
Another solar company earnings report and the song remains the same. EPS hit with soft guidance due to European subsidy cuts. Satcon Technology (SATC) is issuing an earnings report right along the lines of other solar companies with revenues about inline with estimates at $46 million, but a with significant miss on the EPS side posting a loss of .18/share vs the estimate for a .12/share loss.
Renesola (SOL) Misses Big On EPS Due To Plummeting Wafer & Module Pricing, Issues Poor Guidance
Is the worst for solar stocks over? It’s still too early to make a definitive statement but when you see stocks rising in the face of bad news then you know traders are looking for excuses to buy rather than sell. That’s one indication a bottom is near. Perhaps that’s the case for shares of ReneSola (SOL) which reported Q2 results this morning.
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While the company beat … Read the rest