Following Suntech’s (STP) better than expected Q2 earnings this morning, Piper Jaffray is bullish according to StreetInsider.com.
The firm said the results were driven by strong shipments and average selling prices, noting that Suntech has secured 900MW of its 09 silicon supply at favorable pricing and has long term supply contracts in place which should help significantly lower costs.
Also mentioned were indications from Suntech that Italian demand in 09 could be as strong … Read the rest
Trina Solar (TSL) reported a very strong quarter and more than doubled profits but missed analyst estimates of .81/share by reporting .76/share after taking out the one time charge for the closing of the polysilicon project in Lianyungang. The company was also hit on currency fluctuations to the tune of .24/share. Revenues came in ahead of estimates and nearly tripled to 204.2 million and the company raised expectations for the year.
Trina Solar (TSL) is … Read the rest
Gushan Environmental (GU), China’s largest producer of biodiesel topped estimates this morning with a non GAAP EPS of .23/share, edging out estimates of .22/share for an increase in 64% over the year ago period. Revenues came in ahead of estimates as well with 58.3 million in the quarter, a jump of about 35% over the year ago quarter.
“Gushan continued to deliver growth during the second quarter of 2008 as production ramped up at our … Read the rest
Briefing.com reports that Canadian Solar reports Q2 results, beats on revs; guides Q3 revs in-line; guides FY08 revs in-line Reports Q2 earnings of $0.36 per share, includes one-time non-cash debt conversion charge of $10.2 million, may not be comparable to the First Call consensus of $0.47; revenues rose 24.2% year/year to $212.6 million vs the $206.8 million consensus. Co issues in-line guidance for Q3, sees Q3 revs of $245-255 million vs. $247.63 million consensus. Co … Read the rest
JA Solar (JASO) certainly didn’t report the blow out results that LDK Solar did but nonetheless it was a decent quarter, albeit a bit below what analysts had been expecting on the EPS side. The company reported an EPS of .14/share, about double the year ago result. Revenues were triple from the year ago and a bit higher than what analysts had been expecting at 180.3 million. The company issued strong guidance for 08 and … Read the rest
All solar stocks should get a much needed lift tomorrow morning after LDK Solar (LDK) absolutely blew it out after the bell today. They reported a Q2 EPS of $1.29 share which was about 3x what analysts were estimating and a 378% pop over the year ago quarter… Which begs the question: why do analysts get paid to do what they do? Revenues were more than 50% higher than what analysts had expected, coming … Read the rest
Pacific Ethanol (PEIX) reported a big loss this morning of .23/share, much larger than the .12/share loss analysts had been expecting as soaring corn prices eroded profits. Revenues came in on the light side as well at 198 million, vs the estimate of 206 million
Shares are down more than 15% this morning and the stock is once again trading below the 50 day moving average.… Read the rest
Fuels Systems Solutions (FSYS) crushed analyst estimates and reported an EPS of .54/share (double analyst estimates) on revenues of 98.3 million. EPS increased 18 fold over the year ago quarter while revenues increased 50% in the same time period. The company raised 08 revenue guidance 9% and increased margin forecasts and the stock is soaring as a result up more than 20% and breaking to new all time highs. Mighty be big risk up here … Read the rest
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest
Clean Harbors (CLHB) reported better than expected earnings this morning and raised its full year 2008 revenue outlook. After initially selling off this morning, the stock has recovered significantly and reclaimed key support levels.
The company credited the strong results to growth across all segments and higher utilization of its domestic incinerators.
The company reported a 44% jump in income which beat estimates. Revenue rose 11% from the year ago period which also edged estimates. … Read the rest