Yingli Green Energy (YGE) posted flat earnings growth over the year ago quarter with a non GAAP EPS of .15/share in the latest quarter on revenues of 258 million (about a 25% increase over the year ago quarter.
YGE reaffirms that its PV module shipment target is expected to be in the estimated range of 550 MW to 600 MW for fiscal year 2009, which represents an increase of 96.1% to 113.9% compared to fiscal … Read the rest
Zoltek Companies (ZOLT), the maker of carbon components for wind turbines reported an awful quarter after the bell with just .02/share in earnings which badly missed analyst estimates of .13/share. Revenues declined by 4% from the year ago quarter to 38.6 million.
“This year our results were further affected by customer reaction to increasingly serious global economic uncertainties. Customers in the computer and automotive markets, along with one of our wind turbine customers, postponed or … Read the rest
Energy Conversion Devices (ENER) continues on the path of growth but like the rest of the industry isn’t immune to soft estimates for this year. The company reported a profit of .33/share which beat estimates of .31/share and is a big improvement over the year ago quarter in which the company posted a loss of .08/share. Revenues nearly doubled over the year ago quarter to $103 million and also exceeded estimates by a bit.
For … Read the rest
For the 2nd straight quarter Evergreen Solar (ESLR) posted a loss, but taking out one time costs of $23 million for the closure of the Marlboro pilot facility, $8 million for the write off of research and development equipment and $9.7 million for facility startup costs at Devens and Midland, the company reported a loss of .07/share, less than analyst expectations of a .14/loss. However, revenues were a bit of a disappointment in the quarter, … Read the rest
Echelon (ELON) may be a company to watch in the future with exposure in LED lighting, demand response and smart grid networking but for now the company remains unprofitable with no signs of a turn around yet. The company posted a non GAAP loss of .06/share which beat estimates of -.14/share but revenues shrunk by about 25% over the year ago quarter.
Said the CEO, “In the near-term, we expect the current economic slowdown to … Read the rest
Badger Meter (BMI), which the CEO calls a “bellwether of national trends to measure and conserve water” reported earnings results last night and have the results to back it up. The company reported and EPS of .42/share which represents a 50% bump over the year ago quarter and smashed estimates of .26/share. Revenues came in at $67.6 million, beating estimates of $60 million which is an 18% increase over the year ago quarter.. Not exactly … Read the rest
The best of breed solar companies continue to post strong results, but major headwinds will most likely come in the first half of this year. GT Solar (SOLR) posted outstanding results after the bell today, beating analyst EPS estimates by .06 with an EPS of .30/share. That compares with a .03 loss in the year ago quarter. Revenues soared over the year ago quarter as well coming in at 205.2 million vs just 14.7 million … Read the rest
Bill Gates continues to get hammered by the OTTR. As a significant owner of the stock (he recently added more), he’s getting hit again today after Otter Tail (OTTR) missed estimates and guided lower for next year. The company reported 4Q EPS of .38/share which missed estimates of .45/share, a 17% drop over the year ago quarter and the 4th straight quarter of negative growth. The company also missed on revenues, reporting $334 million vs … Read the rest
American Superconductor (AMSC) is up just a bit this morning after reporting a smaller loss than expected. The company reported a loss of .18/share (matches the year ago quarter) in the quarter vs estimates of a .20/share loss on revenues that were slightly higher than expected at 41.3 million (a 27% increase over the year ago quarters). Not exactly a great quarter but not awful either.
The company attributed the year-over-year reduction in gross margin … Read the rest
Just two days ago, analysts from FBR, Thomas Weisel and Pacific Crest slashed estimates on SunPower (SPWRB, SPWRA) earnings for 2009 as they reiterated concerns of credit issues and slowing demand yet again. It’s the same song and dance that has played out for several months now. Those headwinds may play out in 09 but for now SunPower is proving itself to be relatively immune to those concerns. Today after the bell, the company reported … Read the rest