Hoku Scientific (HOKU) is out with results after the bell today and they aren’t pretty. The company reported a non GAAP EPS loss of .03/share, a wider loss than the year ago quarter in which the company lost .01/share. Revenues were equally as awful, coming in at $767K.. good for a nearly 50% drop from the year ago period. Their outlook for next year doesn’t get any better with a projection of only $5 million … Read the rest
Tag Archives: earnings
Analysts Slash Estimates On Sunpower (SPWRA, SPWRB) Ahead of Earnings
Sunpower (SPWRA, SPWRB) will report earnings on Thursday after the bell and analysts are rushing in to slash estimates ahead of the earning announcement. According to Barron’s, Friedman Billings Ramsay, Thomas Weisel Partners and Pacific Crest all issued warnings this morning.
– Mehdi Hosseini of FBR reiterated his Market Perform rating but cut his 09 EPS estimate to $2.06 from $3.02 due to slow demand in Italy and the US.
– Jeff Osborne of … Read the rest
FPL Group (FPL) Tops Estimates With Strong Quarter, Fueled By NextEra Energy
FPL Group (FPL), called the Wal Mart of Wind by Barron’s and the largest producer of wind and solar energy in the US, reported earnings this morning that topped analyst estimates at .90/share and represents 25% growth over the year ago quarter on revenue growth of 9%. All in all, a very good quarter in a tough environment. The company remains comfortable with expectations for 2009 and 2010 with EPS guidance of $4.05 – $4.25 … Read the rest
Suntech Power (STP) Exceeds Guidance, But Announces Layoffs & Hiring Freeze
Suntech Power (STP) is out this morning releasing preliminary financial results for the 4th quarter in which it expects revenues to exceed previous guidance of 345 – 360 million and come in at 405- 420 million.
As of December 31, 2008, Suntech’s cash and cash equivalents balance was approximately $508 million, which is approximately $113 million higher than the cash and cash equivalents balance at the end of the third quarter of 2008. Cash and … Read the rest
MEMC Electronics (WFR) Reports Awful Quarter
MEMC Electronics (WFR) beat Wall St estimates after the bell today, but the good news ends right there. The company posted non GAAP profits of .65/share, which beat estimates of .61 but represented the first quarter of negative growth (-12%) over the year ago quarter in a couple years. Revenues came in about 17 million ahead of estimates but were also significantly lower than the year ago quarter.. 21% lower. However, it was at the … Read the rest
Johnson Controls (JCI) Releases 1st Quarter Results, Posts A Loss
Johnson Controls released its results last week for the first quarter of fiscal year 2009. The company performed below analysts’ expectations, posting a net loss of $608 million, which breaks down to $1.02 per share. Last year, the company posted a net profit of $235 million or .39 per share. Revenue also plummeted to $7.34 billion, a decrease of 23 percent from last year’s $9.48 billion.
On a non-GAAP basis, the company still posted a … Read the rest
American Superconductor (AMSC) Releases Preliminary Results, Expects Larger Losses
American Superconductor (AMSC) is releasing preliminary earnings results this evening and they aren’t pretty. The company’s revenue estimates are about in line with analyst estimates at around 41 million, but the company is expecting larger losses for the quarter due to estimated cost overruns on its turnkey SVC projects, higher Windtec engineering costs, charges for excess inventory and unfavorable exchange rates. Excuses, excuses, excuses. Yep, it was a poorly executed quarter all the way around … Read the rest
Cree (CREE) Surging After Hours After Beating Estimates
Cree Inc (CREE) has been on a bit of a roll lately after making some big announcements about new LED products, partnerships and a big order from the Pentagon. Let the good times roll after the bell today as the company reports very good earnings and is guiding higher. I can’t imagine there will be many companies guiding higher next quarter in the current environment, so congrats to CREE on a great quarter. … Read the rest
Aerovironment (AVAV) Smashes Earnings Estimates, Maintains Guidance
Aerovironment (AVAV) which has been one of a few bright spots in the green sector of late, reported outstanding earnings results after the bell today. They beating analyst EPS estimates of .27/share by .14 (71% increase over year ago quarter) on revenues of 65.8 million (22% growth over year ago quarter) which was slightly ahead of estimates. The company is maintaining revenue growth guidance for 2009 of 20 – 25% growth.
While the company is … Read the rest
Zoltek (ZOLT) Reports Earnings: "Fundamentals of Wind Energy Extremely Solid"
Zoltek (ZOLT), provider of carbon materials that go into the manufacturing of wind turbines reported results this morning that beat analyst estimates by .02/share when excluding a one time legal fee charge. The company reported earnings of .22/share (10% below the year ago quarter) on revenues of 51 million, which was good for a 17% increase over the year ago quarter.
CEO Zsolt Rumy stated, “The fundamentals of alternative energy generally — and wind energy … Read the rest