I’ll keep this post on the earnings report out of Hanwha SolarOne (HSOL) fairly brief. It was about inline with what just about every other solar company reported – revenues about inline with analyst analyst estimates but missing on the EPS side by a wide margin due to regulatory changes in Italy, falling ASP’s, rising inventory, etc. HSOL reported a loss of .12/share while analysts expected a .12/share profit. However, these results have been pricing … Read the rest
Tag Archives: hsol
Hanwha SolarOne (HSOL) Rebounding After Forecasting Solar Rebound In 2nd Half
Hanwha SolarOne (HSOL) is surging nearly 10% today, but off a nearly two year bottom. Perhaps it’s a buy the news kind of day for HSOL as traders believe the worst is over. However, the downtrend remains firmly in place for now so it’s too soon to jump in.
The company reported mixed results with an EPS of .28/share vs the analyst estimate for .29/share on revenues of $335 million which topped the analyst estimate … Read the rest
Auriga Back From China Trip, Remains Cautiously Upbeat On Solar
Auriga sent over a research report to us this morning, reiterating their cautiously bullish stance on China solar stocks following a 7 day trip throughout China. The firm visited both public and private companies and while positive in the near term for both shipments and pricing, there is some trepidation due to rising costs.
Commenting on earnings season, they feel that while most companies will post beat and raise quarters, some may reveal some margin … Read the rest