Canadian Solar (CSIQ) posted earnings results tonight that were ahead of analyst estimates on the revenue side ($443 million vs $423 million) as well as the EPS side using the non GAAP number and excluding the forex hit (.44/share vs expectation for .41). Gross margins improved 2% over the year ago quarter (although dropped a few percent sequentially) while shipments increased 32%. It should also be noted that the company continues to decrease exposure to … Read the rest
Tag Archives: earnings
China Ming Yang Wind Power (MY) Smashed Estimates, But Still Sinking To New Lows
China Ming Yang Wind Power (MY) just can’t please anyone. The company absolutely destroyed the analyst predictions for EPS and revenues last night, but yet the stock is sinking to another new low today. Perhaps there is more than meets the eye. The company posted an EPS of .27 which was well ahead of the analyst estimate for just .09/share and 69% above the year ago number. They beat by a wide margin on the … Read the rest
JA Solar (JASO) Posts Strong Results, Is The Bottom In?
JA Solar (JASO) is seeing a nice pop in the early going this morning after reporting better than expected Q1 results. The company reported a non GAAP EPS of .40/share on revenues of $556 million. That’s a beat on both the top and bottom line and represents significant quarter over quarter growth of 67% and 91% respectively.
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Here are some highlights of comments made … Read the rest
A123 Systems (AONE) Misses With Another Large Loss, Still Optimistic About Q2 Revenue Ramp
A123 Systems (AONE) continues to bleed red ink, but the CEO still remains positively upbeat and confident that a revenue ramp begins this quarter and continues through the rest of the year. We shall see, but for now the company is far away from profits and still in survival mode as the stock continues to tank.
The company posted an EPS loss of .51/share which was larger than what analysts expected (loss of .46/share) … Read the rest
Clean Energy Fuels (CLNE) Posts Mixed Results, Shares Remain Bullish
Clean Energy Fuels (CLNE) posted its earnings results after the bell tonight that were mixed. The company beat analyst estimates on the EPS side posting a loss of .05/share vs the analyst estimate for a .09/share loss, but missed on the revenue side posting $65.3 million in revenue vs the expectation for $67 million. While the EPS number was better than expected and an improvement over the year ago’s .07/share loss, revenues were up nearly … Read the rest
Broadwind Energy (BWEN) Sees Pick Up In Wind Energy Products Demand, But Still In The Red
Broadwind Energy (BWEN) surprised a bit this morning posting a doubling of revenues over the year ago quarter and beating analyst estimates in the process with $43.5 million in revenues. That’s good news for Broadwind and the wind energy industry as a whole, but the company still failed to turn a profit and posted a wider EPS loss than analysts expected (loss of .04, analysts expected .02/share loss. Traders focused on the positive of this … Read the rest
Tesla Motors (TSLA) Beats With Record Revenue, Shares Continue Bullish Path
As expected Tesla Motors (TSLA) reported another large quarterly loss, but it was less than analysts expected as the company posted better than expected revenues leading to a small spike in shares today. The company reported an EPS loss of .44/share (vs the expectation for a .53/share loss on revenues of $49 million vs the expectation for $43 million. Gross margins improved from 31% last quarter to 37%. It was a record breaking quarter … Read the rest
Power One (PWER) Posts Mixed Results, But Breaks Out Above 50DMA
Perhaps all the concerns about a renewable energy slowdown and concerns in Europe were priced in because despite missing analyst estimates of .21/share by posting .20/share, shares of Power One (PWER) are popping today about 10% with heavy volume. The company did beat analyst estimates on the revenue side with $244.5 million (vs the estimate for $241.8 million).
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CEO Richard Thompson commented on his new … Read the rest
First Solar (FSLR) Beats, Maintains Guidance, But Shares Slump
The reaction to last night’s earnings in shares of FSLR is really nothing new. This is one of those companies where traders have lofty expectations and whatever it does, can never seem to please. It seems traders are always picking through the report to discover the negatives.. looking for a reason to sell. That’s the case again this morning.
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The company beat estimates after the bell … Read the rest
Renesola (SOL) Misses On EPS As ASP Falls, Cautious On Outlook
Solar stocks were under some pressure today after Evergreen Solar (ESLR) and Renesola (SOL) sounded the caution alarm as average selling prices and demand falls on inventory increases and subsidy uncertainties. Renesola reported earnings that missed on the EPS side, but beat on the revenue side. The stock was down nearly 10% at one point and tested some key support around the $8 level earlier this morning.
===> Click Here For Your FREE Renesola Analysis… Read the rest