Evergreen Solar (ESLR) has long been a company I’ve singled out here as being one solar company that won’t survive (at least not on its own) and yesterday’s preliminary results is yet another signal that time is running out for ESLR. If I were to take a guess, I’d say bankruptcy within a year is in the cards for this cash burning company.
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Green Plains Renewable Energy (GPRE) reported results after the bell yesterday that were about inline with what analysts were expecting. The company reported an EPS of .20/share which matched the estimates on revenues of $812 million (a bit above analyst estimate of $789 million). It was likely a strong enough report to keep shares in a technically bullish state (more on this in a bit), but considering the company reported record revenues the drop in … Read the rest
Shares of LSI Industries (LYTS) are breaking out of a downtrend today after the company beat analyst estimates on the EPS side, while missing the revenue estimate. Traders are focusing on the sizable EPS beat with the stock up nearly 10% today. The company posted an EPS of .09/share (vs the estimate for .02/share) on revenues of $64.63 million (missing the analyst estimate for $70 million. The EPS number is a big improvement over … Read the rest
Itron (ITRI) investors could use some good news and they got it after the bell today with the company reporting earnings and revenues that beat analyst estimates. The company reported an EPS of .99 vs the analyst estimate for .95 on revenues of $563.7 million vs the analyst estimate for $551.92. The EPS number was about inline with what they reported on the year ago quarter while revenues increased 13%. The company is currently … Read the rest
Some LED stocks have had a rough go of late (such as CREE and the China LED stocks), but a few continue to defy gravity such as Veeco Instruments (VECO which posted another strong quarter last night. The company posted an EPS number of $1.33 which beat the analyst estimate of $1.21 on revenues of $254.7 million which also beat the analyst estimate of $246.7 million. That’s good for quarter over quarter growth of 217% … Read the rest
I was out on vacation all last week so apologies for the lack of posting here. I’ll be getting back to full speed very soon. I’ll probably be posting about the most important news events of last week today to get caught up. One important event of last week was the earnings report out of LED leader Cree Inc (CREE). The company disappointed analysts again missing the EPS estimate and guiding lower as well. The … Read the rest
It’s sure been a rough few months for SemiLEDs (LEDS). The stock was crushed in January when the company reported earnings and weak guidance. The stock is down another 17% in early trading this morning after the results were even weaker than expected. In January the company said it expected to post a non GAAP profit of .06 – .09/share on revenues between $10.5 – $12.5 million for the quarter, but instead posted a .03/share … Read the rest
Enova Systems (ENA), which makes hybrid vehicle drive systems, had a big day today soaring nearly 66% up to the 2010 highs after the company reported a record quarterly revenue number and announced a partnership with LG Chemical. While the company remains unprofitable and will likely remain so for some time, revenues bumped up to $3.7 million which is a 152% increase over the year ago quarter.
Energy Focus (EFOI) is a speculative LED lighting play, but I believe it has the same kind of potential as Nexxus Lighting (NEXS) if it can come up with a few big orders. It hasn’t happened yet and company growth remains stagnant, but the CEO expects growth to resume in the 2nd quarter and on into 2012 when its Intellitube technology (which is currently used at the Navy) becomes available commercially.
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Shares of China Sunergy (CSUN) popped this morning after the company posted earnings results that beat analyst estimates on the bottom line but didn’t live up to expectations on the top line. The company reported an EPS of .37/share (vs analyst estimate of .33/share) on revenues of $170 million (vs analyst estimate for $175 million). It looks like traders favored the improvement in margins and the beat on the EPS side, but by the end … Read the rest