Solar shares will have a tough time getting going today after the world’s largest solar cell manufacturer issued a profit warning. It appears Germany’s Q-Cells has changed its mind. Less than two weeks ago, a spokesman for the company said they had no plans to issue a profit warning, saying, “If Q-Cell were planning to send out a profit warning, I would have heard about it.” What a difference 10 days makes.
In a … Read the rest
Aerovironment (AVAV) is pushing higher in after hours trading after beating both EPS and revenue estimates by a small margin. While EPS came in 10% lower than the year ago quarter, it did beat analyst estimates by a penny a share. Revenues increased 18% over the year ago quarter and also beat estimates (by about 5%). The company attributed the revenue increase to stronger sales in the Unmanned Aircraft Systems (up $9.4 million) and Efficient … Read the rest
A-Power Energy (APWR) is trading down this morning after badly missing earnings estimates. The company reported an EPS of just .04/share which was well short of analyst estimates of .12 and a more than 50% drop over the year ago quarter. Revenues were basically flat over the year ago quarter at 31.2%. The CEO is blaming the poor quarter on seasonality and poor weather conditions in Northeast China.. perhaps he needs to take a … Read the rest
Hoku Scientific (HOKU) reported earnings after the bell yesterday, but it isn’t the earnings that’s driving the stock down this morning, it’s concern that the company won’t be able to raise enough cash to fund construction of its Idaho polysilicon plant and possibly remain in business. The company has a $106 million gap that it’s working to fill through customer pre payments and financing. However, due to a tough credit market, the company is acknowledging … Read the rest
Valence Technology (VLNC) is still a develop stage company so its earnings reports aren’t too critical at this point. More important are the pieces being put in place now for revenues down the road and it appears the company is on that track. We’ve been covering those announcements here in the past few weeks. However, this is still a company probably a few years away from being profitable.
Last quarter the company lost .04/share which … Read the rest
Trina Solar (TSL) is surging another 7% this morning after the company posted a profit of .33/share (taking out one time costs) vs the expectations of a .05 loss. Revenues were a bit lighter than expected, but still 9% above the year ago quarter, so certainly better results out of Trina then what we’ve seen from most of its competitors (with the exception of First Solar).
The company had expected solar module shipments of 50 … Read the rest
The theme that we’ve seen for several months now continues for the most part.. solar company reports steep loss and plunging revenues, but the stock holds up or even rises as is the case with China Sunergy (CSUN) today. The company reported a steeper than expected loss of .33/share (vs expectations of a .26) on revenues of just $37 million which is a more than 50% plunge from the year ago quarter. However, traders are … Read the rest
Cree Inc (CREE) continues to trend up along that 50 day moving average and will get another nice pop up in the morning after the company came out after the bell and raised guidance due to stronger LED demand for both lighting and notebook computers. For the 4th quarter ending June 28th, the company now targets revenue in the range of $143 – $150 million and non GAAP earnings of .15 – .17/share. On their … Read the rest
Canadian Solar (CSIQ) is well off the morning lows and now trading up 3% after reporting a better than expected non GAAP loss of .10/share, but on revenues that plunged 71% over the year ago quarter to $49.5 million. The CEO said the company closed the quarter with a strong, liquid balance sheet and is increasing its sales staff. He believes Q2 shipment levels will be significantly higher than Q1, but is cautious due to … Read the rest
Yingli Green Energy (YGE) missed EPS and revenue estimates by a wide margin, but the stock is holding up reasonably well, off just 5%. The company reported an EPS loss of .09/share on revenues of $146 million. That’s a 36% haircut on the revenue side from the year ago quarter. The CEO rhetoric remains the same.. poor economy, tight credit conditions, etc. However, CEO Liansheng Miao does believe the 1st quarter marked a low point … Read the rest