Ener1 (HEV), the developer of lithium ion technology for electric cars, reported a 4th quarter revenue surge but the development stage company continues to rack up losses on the earnings side of the coin. The company reported record quarterly revenue of $6.3 million but lost .12/share in the quarter due to an increase in R&D and admin costs.
The company finished 08 with $14 million in cash along with a $30 million loan facility to … Read the rest
ReneSola (SOL) reported an expected EPS loss in the 4th quarter, posting a loss of .05/share on revenues of $158.6 million which was a touch above estimates and 65% over the year ago quarter. The quarter marks the first time in 2 years that the company didn’t post sequential quarterly revenue growth. For the full year 2009, the company expects sales of $650 – 700 million, vs the analyst expectation of $700 million
RenSola … Read the rest
LDK Solar (LDK) is trading down about 10% in pre-market trading this morning after reporting a large 4Q loss and issuing disappointing guidance for next quarter. The company reported a loss of $1.25/share which was much steeper than what analysts had expected (.84 loss) on revenues that actually beat estimates and represented a 121% increase over the year ago quarter. The company ended the year with $255 million in cash and cash equivalents and $83 … Read the rest
After its solar installing rival Akeena Solar (AKNS) reported awful results several days ago, you couldn’t expect much out of Real Goods Solar (RSOL) after the bell today and they didn’t disappoint. Taking out the big costs of acquisition in the quarter, they still reported a .10/share loss. Analysts had expected the company to be flat in the quarter with no losses after one time costs. On the bright side, this is a … Read the rest
Comverge (COMV), a demand response provider, released mixed results after the bell today. On the EPS side they reported .28/share (beating estimates by .04) and revenues of $33 million was right in line with expectations. With a revenue growth decrease of 22% over the year ago quarter, that stops a streak of 4 consecutive quarters of accelerating revenue growth. The future looks bright for COMV but this is a company that appears to be … Read the rest
AeroVironment (AVAV) isn’t being treated all that well by traders in after hours trading. The company missed by a wide margin on both EPS, reporting .06 lower than analyst estimates at .21/share (a 25% haircut over the year ago quarter) and on revenues, reporting just $52.2 million in the quarter. That was $13 million lower than expectations and just an 8% bump over the year ago quarter. Needless to say the stock is getting punished … Read the rest
Fuel Systems Solutions (FSYS) is down more than 25% after reporting an EPS of just .04/share which missed estimates by .38/share and represents an 87% plunge from the year ago quarter. Revenues were equally disappointing at $84 million which is nearly flat growth over the year ago quarter.
Executive comments seemed to brush aside the bad quarter, choosing to focus on the overall growth of 2008 and optimism for 2009. “2008 was a transformational year,” … Read the rest
Trina Solar (TSL) reported results this morning with an EPS loss a bit lighter than expected at .03/share vs the estimate of a .04 loss. Revenues were a bit better than expected as well at $216 million vs the analyst estimate of $201 million and exceeding the company’s previous guidance of $190 – $210.
“Despite the challenging global economic and financial climate, we are pleased with our strong performance in the fourth quarter,” said Mr. … Read the rest
Trex (TWP) the maker of alternative wood decking and railing products reported a steeper than expected loss last quarter of .72/share vs analyst expectations of a .57/share loss. Revenues were also light, coming in lower than expectations at $29.3 million. IF there is a silver lining, the 4th quarter is historically a tough quarter for the company, with a loss of 2.75/share last year in the same quarter. So, relative to last year, it was … Read the rest
Ormat Technologies (ORA) which designs, develops and operates geothermal and recovered energy power plants beat earnings estimates this morning, posting an EPS of .26/share (analysts expected .25) which was 4% over the year ago quarter. Revenues were strong in the quarter at 95.5 (an increase of 35% over last year) which also beat analyst estimates of $84 million.
Dita Bronicki, CEO of Ormat, stated: “It was a good year and quarter for Ormat, as reflected … Read the rest