STR Holdings (STRI) reported mixed results last night with an EPS number that beat analyst estimates at .21/share (analysts expected .19/share) despite a revenue number that was way below analyst estimates at $56 million (analysts expected $85 million). That’s a 21% decrease in revenue sequentially and 18% quarter over quarter.
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“Despite what many of us in the solar value chain anticipated after a soft second … Read the rest
After the bell yesterday STR Holdings (STRI) announced it expects revenues in line with previous announced forecasts, but cautioned that non GAAP EPS could be a few cents lower than previous thought and is withdrawing its previously published annual guidance. The company will announce official results Nov 2nd and at that time will issue full year guidance.
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“As we advised during our second quarter earnings … Read the rest
In an article over at Reuters today STR Holdings (STRI), which makes solar encapsulants to protect and insulate solar cells, indicated they are on the hunt for acquisitions. Particularly companies that provide the raw materials they use in the manufacturing process such as resin and paper liner. It’s a common theme in the solar industry as companies look for ways to cut manufacturing costs. In addition to acquisitions, they are offering lower priced products that … Read the rest
Another tough day for STR Holdings (STRI) with a big gap down to approach all time lows after the company reported results that were about inline, but guided way below analyst estimates for this quarter and the full year. The company reported an EPS of .30/share on revenues of $102 million vs the analyst estimate of .31/share on revenues of $98 million. As is the case with all solar companies, the CEO is blaming … Read the rest
STRI Holdings (STRI) is hitting new 52 week lows this morning after the company lowered Q2 guidance. The company now expects revenues in the range of $98 – $101 million vs the previous expectation for $104 – $110 million. The lowered guidance is a result of lowered expectations for its solar business. Non GAAP EPS is also expected to come in lower at $.30 – $.32 vs prior guidance of $.38 – $.42.
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STR Holdings (STRI) reported strong results this morning, but apparently it wasn’t enough to match lofty expectations after the stock has more than doubled in the past year. The company reported an EPS of .39 which was well above the analyst consensus estimate of .33 and 39% higher than a year ago, but the first sequential decline in three quarters. Revenues beat the analyst estimate of $92 million, coming in at $97.8 million which represents … Read the rest
Merriman Capital initiated coverage on both Orion Energy (OESX) and Powersecure (POWR) with Buy ratings. OESX which is an efficient lighting/LED play has had a huge run off the bottom in recent weeks, but a bit overdone in the short term. It’s an LED play to keep on the radar.
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STR Holdings (STRI) was initiated with a Buy and $33 price target at Craig … Read the rest
STR Holdings (STRI) is dealing with growing pains and on the move. The company announced it will spend about $19 million to expand US manufacturing capacity to 3GW and relocate the majority of its US manufacturing operations to a 275K sq ft plant in East Windsor, CT which will also include project management, sales and R&D teams. The company will end operations in Enfield and Somers, CT as it makes the move this year and … Read the rest
STR Holdings (STRI) is up and running at its newly expanded Malaysia plant to meet the growing demand for its solar encapsulant materials. The plant capacity was doubled from 1GW to 2GW and the company has announced they will add another 1GW of capacity next year which would bring the total global capacity to 7.35GW.
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“Increasing the production capacity at our Malaysia facility is an important … Read the rest
STR Holdings (STRI) continues to impress following its debut last year. It’s been one of the most steady IPO’s, nearly doubling in price since last November as it follows an up trend along the 50 day moving average. The fundamentals weren’t all that impressive while the stock was running up, but now we know why. The technicals always lead the fundamentals and the company just reported strong growth after the bell today and is guiding … Read the rest