Darling International (DAR), recycler extraordinaire of fryer grease for biofuels, reported strong results after the bell today but missed on EPS. They reported .28/share which was 1 cent shy of analyst estimates but still an 87% increase over the year ago quarter. Revenues came in strong as well, up 37% over the year ago quarter to 236.2 million.
CEO, Randall Stuewe, said, “We are proud of the exceptional results our team delivered for third quarter. … Read the rest
Fuel Systems Solutoins (FSYS) which provides conversion kits for cars to run on natural gas reported a blow out quarter after the bell today, posting .75/share in earnings which nearly tripled analyst estimates and represents a 369% increase over the year ago quarter. Revenues climbed 61.8% over the year ago quarter to 105.5 million.
FSYS CEO said, “Even with recent energy price volatility, during the third quarter, Fuel Systems Solutions achieved 62 percent revenue … Read the rest
Clean Energy Fuels (CLNE) broke through some key support today below $8/share on news the company is selling $35 million in stock to meet needs for working capital and other general purposes which may include expenses related to its Cali LNG plant and future acquisitions.
The CEO stated, “This was a planned step in providing resources to meet our capital expenditure needs and fund the growth of our business. Given the challenging and volatile capital … Read the rest
It’s a big day for First Solar (FSLR). This morning the company announced a 5 year supply deal with Solar City Corp, which calls for FSLR to supply 100MW of its advanced thin film solar modules beginning in early 2009. The deal also includes $25 million in financing to Solar City and marks First Solar’s entrance into the US market.
Solar City is one of the nation’s leading solar installers with operations in California, Arizona … Read the rest
Evergreen Solar (ESLR) is selling off more than 10% today after missing estimates and reporting losses in the latest quarter despite a 21% increase in revenue over the year ago quarter. Analysts were expecting a 10 cent loss in the quarter, but ESLR missed badly reporting an .18/share loss.
Wedbush Morgan downgraded the stock this morning from Buy to Hold and lowered the price target to $5 from $6, due to uncertainty over ESLR achieving … Read the rest
Excluding one time items, Cypress Semi (CY) reported earnings in line with what analysts had expected at .30/share but beat analyst revenue estimates of 575 million by reporting revenues of 600 million, good for a 35% increase over the year ago quarter. On a negative note, the company sees Q4 revenues and earnings decreasing more than the standard seasonal decline.
“Looking ahead, we are very cautious, like most companies, about the macroeconomic environment and consumer … Read the rest
Sunpower (SPWRA) reported very good results this morning. Excluding one time items, earnings came in at .60/share vs. the analyst estimate of .56/share on a 61% increase in revenues over the year ago quarter to 377.5 million. Analysts were expecting 350.4 million. The company sees FY08 EPS at 2.34 – 2.41 vs the analyst estimates of 2.23 and for FY09 the company expects earnings of at least 3.50/share with analysts expecting 3.67.
CEO Tom Werner: … Read the rest
Quantum Fuel Systems (QTWW), a leader in the development and production of advanced propulsions systems, energy storage technologies and alternative fuel vehicles reported earnings this morning much lower than what analysts had been expecting.
According to StreetInsider.com, the company reported a loss of .08/share from continuing operations, vs the analyst estimate of a .05/share loss while revenues came in at about half of the expectations at 3.7 million (est. of 7.5 million) vs the … Read the rest
AeroVironment (AVAV), the maker of those rooftop wind turbines, posted earnings results 4 cents better than expectations at .22/share (22% growth over year ago quarter) and revenues nearly 4 million ahead of expectations at 53.6 million (9% growth over year ago quarter). The company reaffirmed fiscal 09 guidance of 20 – 25% sales growth.… Read the rest
GT Solar (SOLR) which IPO’d near the end of July and has struggled since on concerns over its relationship with largest customer LDK Solar, reported a strong quarter after the bell today with the company turning a 3 cent/share profit, reversing the loss in the year ago quarter as revenues soared 272% from the year ago quarter to 57 million.
The company said the sales increase was due primarily to its DSS 450, its new … Read the rest