First Solar (FSLR) continues to show why it is the best of breed of solar company, posting another quarter of remarkable growth while its competitors whither in tough conditions. The company smashed EPS estimates of $1.53/share as well as the whisper number of $1.70/share with a Q1 EPS of $1.99/share which is a whopping 249% increase over the year ago quarter. Revenues, while less than last quarter, were doubled again over the year ago quarter … Read the rest
Tag Archives: earnings
FPL Group (FPL) Reports Strong Quarter, Raises Outlook
FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment. The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share.
It’s NextEra Energy Resources division which houses its wind and solar operations produced good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest
MEMC Electronics (WFR) Posts 1st Quarterly Loss In 7 Years
OK, this is a great example of an earnings report that can be reported positive by one news outlet (the mainstream) and reported negative by me after one time gains are removed. You’ll find that most news outlets report the GAAP number which includes one time gains and losses, distorting the true organic growth or deterioration of a company.
Analysts had predicted that MEMC Electronics (WFR) would report its first quarterly loss since 2002 in … Read the rest
Sunpower (SPWRA) Misses Badly, Guides Lower But Up AH
Update: Now it’s being dumped after hours.. down about 10%.
Sunpower (SPWRA) is out with earnings after the bell and missed badly reporting non GAAP EPS of just .05 share vs consensus estimates of .39. Revenues came in about 20% lower than the year ago quarter at $214 million which is considerably lower than estimates of $269.
The CEO commented that the quarter was the most challenging in its history, but despite the headwinds was … Read the rest
Cree Inc (CREE) Beats Estimates, But Reports Flat Growth
Cree Inc (CREE) reported after the bell today and beat lowered expectations by posting a non GAAP EPS of .13/share (beating estimates by .02) on revenues of $131 million which was basically in line with estimates. While the company beat estimates and guided revenues a touch higher for next quarter, the growth over the year ago quarter was relatively flat. Earnings were down 7% from the year ago quarter while revenues were up 5%. That’s … Read the rest
GE Wind Energy Biz Down 8%, Announcing Big China Smart Grid Order Next Week
General Electric (GE) reported earnings Friday morning and I’ve now had a chance to go through the entire earnings report provided by Seeking Alpha and pick out all portions related to their smart grid wind turbine businesses. Overall, their Energy unit was the strongest performer with revenues up 7% and profits up 19% Unfortunately, that wasn’t due to wind turbine orders which were down 8% for the quarter. Although, when you consider that the 1st … Read the rest
SolarFun (SOLF) Reports Another Steep Loss, Sees Gradual Improvement
These solar earnings reports really aren’t a surprise anymore. Just more of the same – global economic weakness, credit difficulties, plummeting raw material prices, an inventory glut and so on. From here it’s just a matter of demand picking up to offset the weakness in the cost of the finished product. The important thing to remember is that solar stocks will begin rising long before that equation comes into balance. We’ve seen a good pop … Read the rest
China Sunergy (CSUN) Misses Estimates But Surges 10%
Solar stocks continue their ambiguous ways with many stocks in the industry rising after reporting poor results, while others (such as ENER) get crushed. However, for the most part, it appears that most of the bad news is priced into solar stocks and the situation with ENER was an exception. The market is overbought up here, but on any significant pull back I think the time to get into solars for the long term is … Read the rest
Canadian Solar (CSIQ) Reports Steep Loss, Stock Rises Anyway
Canadian Solar (CSIQ) reported a much larger loss then expected this morning, posting an EPS loss of 1.39/share after taking out one time costs. Revenues took a plunge as well, dropping 43% over the year ago quarter to $73 million.
Commenting on the quarter, CEO Shawn Qu highlighted the usual suspects. “In Q4,difficult credit conditions for our customers, market-wide module and raw materials inventory price declines and winter weather in Germany directly affected our revenue … Read the rest
Advanced Battery Tech (ABAT) Misses Estimates: "Difficult to Match 08 Growth in 09"
Advanced Battery Tech (ABAT), which manufacturers lithium ion batteries for cell phones, computers and electric cars continues to report revenue and earnings growth in a tough environment but wasn’t able to match analyst expectations last quarter. The company reported earnings of .06/share in the 4th quarter, missing estimates by .02/share on revenues of 10.7 million. Revenues increased by 42% in 2008 over 07 levels, but that growth decelerated every quarter culminating in just 4% growth … Read the rest