Canadian Solar, Inc. (CSIQ) Posts Q1 Loss
"Canadian Solar, Inc. (NASDAQ: CSIQ) reported Q1 EPS of ($0.10), $0.68 better than the analyst estimate of ($0.78). Revenue for the quarter came in at $263.6 million versus the consensus estimate of $221 million.
Solar module shipments were 340 MW, compared to 404 MW in the fourth quarter of 2012.
For the second quarter of 2013, module shipments are expected to be in the range of approximately 380 MW to 420 MW. Gross margin for the quarter is expected to be between 9% and 11%.
For the full year 2013, the Company expects module shipments to be in the range of approximately 1.6 GW to 1.8 GW."
CSIQ is up 17 % for today.
Labels: Canadian Solar Inc., CSIQ, Earnings, solarstocks, Solar Stocks, Solar Technology
Are we on the cusp of a solar energy boom?
The total solar energy hitting Earth each year is equivalent to 12.2 trillion watt-hours
. That's over 20,000 times more than the total energy all of humanity consumes each year.
And yet photovoltaic solar panels, the instruments that convert solar radiation into electricity, produce only 0.7 percent of the energy the world uses
Continue reading: The Week
Labels: Solar Energy, Solar Technology
And SunPower Corp does go above $20...
The other solar stocks are keeping the positive gays but SunPower Corp (SPWR) is winning today:
Labels: solarstocks, Solar Technology, SPWR, Sunpower
SunPower Corporation (SPWR) Traders Eye a Move Above $20
In the news...
As SunPower Corporation (NASDAQ:SPWR) continues to trek higher, today's option traders are upping the bullish ante from last Friday's optimists. Of the 2,436 contracts traded at SPWR's May 20 call, more than half have crossed at the ask price, implied volatility has surged 29.1 percentage points, and volume is outstripping open interest. In summation, it appears that new positions are being initiated here today.
...traders expect SPWR to move north of the round-number $20 mark by Friday's close -- when front-month options expire. More specifically, the traders will begin to profit with each step above $21.08 (strike plus the volume-weighted average price of $1.08) the stock takes through week's end.
Labels: SPWR, SunPower Corp
Solar Stocks continue to go up, with daily moves above 10% since last week, SolarCity Corp (SCTY) is one of the biggest gainers, with a +20% move today.
SCTY Updated Chart:
Labels: Bullish, SCTY, SolarCity Corp, Solar Stocks
Solar Stocks Surge like it's 2007
All solar stocks are up today with heavy gains across the board.
From upgrades to decent earning results, Solar Stocks had a very Bullish week remembering the good old times of 2007 before the Solar Tech downfall.
SolarCity has been on the media radars quite often and the trend seems very steady:
Labels: Bullish, CSIQ, First Solar Inc, FSLR, SCTY, SolarCity Corp, Solar Stocks, SPWR, STP
First Solar, Inc. Earnings
First Solar reported net sales of $755 million, a 52 percent increase year over year. Earnings were reported to be 66 cents per share.
Full-year 2013 guidance maintained.
FSLR is down 9% at the moment:
Labels: Earnings, First Solar Inc, FSLR, Solar Stocks