Canadian Solar, Inc. (CSIQ) Posts Q1 Loss
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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, Solar Stocks, Solar Technology, solarstocks
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
Suntech to Announce Third Quarter 2010 Results
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of solar panels, will announce its financial results for the third quarter ended September 30, 2010, before the U.S. market opens on Wednesday, November 17, 2010. Suntech management will host a conference call that day at 8:00a.m. U.S. Eastern Time (which corresponds to 9:00p.m.Beijing/Hong Kong time and 1:00p.m. Greenwich Mean Time on November 17, 2010) to discuss the company's results.
Labels: Earnings, Solar Stocks, STP, Suntech Power
Trina Solar shares climb after 2Q profit doubles
Shares of Trina Solar Ltd. got a boost Tuesday after the Chinese maker of solar wafers, cells and modules reported sharply higher net income and revenue for the second quarter, surpassing Wall Street's expectations.
THE SPARK: Trina shipped more solar modules during the quarter than it had expected — 223 megawatts, above its expectations of 200 to 205 megawatts. The company's net income doubled to 38.7 million, or 52 cents per share, up from $18.6 million, or 35 cents per share, a year earlier.
Revenue more than doubled to $370.8 million from $150 million. Analysts polled by Thomson Reuters expected earnings of 49 cents per share on revenue of $338.3 million.
Labels: Earnings, solar charts, Solar Stocks, Trina Solar, TSL
Suntech Power Reports Earnings
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of crystalline silicon solar panels, today announced financial results for its second fiscal quarter ended June 30, 2010.
Second Quarter 2010 Highlights
-- Total net revenues were $625.1 million in the second quarter of 2010,
representing 6.3% growth sequentially and 94.8% year-over-year
-- Total PV shipments increased 11.9% sequentially and 181.7% year-over-
year
-- Gross profit margin for the core wafer to module business was 20.4% in
the second quarter of 2010
-- Consolidated gross profit margin was 18.2% in the second quarter of
2010
-- GAAP net loss attributable to holders of ordinary shares was $174.9
million, or $0.97 per American Depositary Share (ADS). Each ADS
represents one ordinary share. The non-cash impairment charges and
provisions related to thin film and Shunda had a negative impact of
$1.00 per diluted ADS
-- Achieved 1.4GW of PV cell and module production capacity at the end of
the second quarter of 2010. Suntech announced new capacity expansion to
reach 1.8GW of PV cell and module production capacity by the end of
2010
-- Increased 2010 annual shipment target from 1.3GW to 1.5GW, which
represents over 113% year-over-year shipment growth
"The second quarter was another period of robust multi-market demand," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Strong operational execution ensured that we achieved our 1.4GW capacity target, which drove higher than expected shipment and net revenue growth."
"We delivered greater shipments to valued customers across Germany and other European markets including Italy, France, Benelux and the Czech Republic. Our investments into our North American expansion continued to bear fruit as we broadened market share and prepared for US-based manufacturing that will commence in the fourth quarter. We also secured supply agreements to several large, high profile projects in emerging markets including Thailand, India and Israel where our globally respected brand, reliable product performance and deep sales channels have provided a solid foundation to form new partnerships."
Source: prnewswire.com
Labels: Earnings, Solar Stocks, STP, Suntech Power
Suntech Power News
Shares of Suntech Power Holdings Company Ltd. (NYSE:STP) are trading higher by +3.60% ahead of its quarterly earnings release. Suntech Power, the Chinese photovoltaic products maker is expected to release its quarterly results on August 18th.
Wall Street Analysts consensus calls for a profit of $0.09 a share on $600.81 million revenue.
Suntech Power estimates have a range of $0.28 a share. The high estimate calls for profit of $0.27 a share and the low estimate is calling for a loss of $-0.01 a share, a year ago for the quarter the company reported $0.06 a share.
Suntech Power Holdings Company Ltd. (NYSE:STP) produces photovoltaic products. The Company designs, develops, manufactures and markets a variety of solar cells and modules. Suntech Power is based in China.
Labels: Earnings, Solar Stocks, STP, Suntech Power
Solar Earnings
Earning dates for this month:
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) Aug 18, 2010
Q2 2010 Earnings Release - 9:30AM EDT
Trina Solar Limited (ADR) (NYSE:TSL)Aug 24, 2010
Q2 2010 Earnings Conference Call - 8:00AM EDT
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) Aug 19, 2010
Q2 2010 Yingli Green Energy Holding Company Limited Earnings Release - 9:30AM EDT
Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL, YGE, Yingli Green Energy Hold
Earnings Preview: Evergreen Solar's
Analysts, on average, expect Evergreen Solar (NASDAQ:ESLR) to report a loss of $0.10 on sales of $80 million on August 02, 2010.
For the full year, analysts expect the company to post a loss of $0.42. In the year-ago period, the company reported a loss of $0.10 on sales of $64 million.
In the previous quarter, the company reported a loss of $0.08, matching consensus estimates for a loss of $0.08.
Labels: Earnings, ESLR, Evergreen Solar, Solar Stocks
First Solar Earnings
First Solar, Inc. (NASDAQ: FSLR) will report financial results for the second quarter ended June 26, 2010, after market close on Thursday, July 29, 2010. The Company will hold its quarterly conference call to discuss these results and outlook for the remainder of fiscal 2010 at 4:30 p.m. EDT. Investors may access a live webcast of this conference call by visiting http://investor.firstsolar.com/phoenix.zhtml?c=201491&p=irol-calendar.
An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until Tuesday, August 3, 2010 at 7:30 p.m. EDT and can be accessed by dialing 888-203-1112 if you are calling from within the United States or 719-457-0820 if you are calling from outside the United States and entering the replay pass code 7770641. A replay of the webcast will be available on the Investor section on the Company’s web site approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.
Labels: Earnings, First Solar Inc, FSLR, Solar Stocks
Suntech Announces Preliminary Results
Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest crystalline silicon photovoltaic (PV) module manufacturers, today announced preliminary financial results for the first quarter of 2010.
Suntech expects total net revenues for the first quarter of 2010 to be in the range of $580 million to $590 million. Gross margin is expected to be in the range of 19% to 20%, compared to previous guidance of 18% to 20%.
As a result of the depreciation of the Euro versus the USD, Suntech expects to incur a foreign exchange loss of approximately $24 million to $25 million for the first quarter of 2010. This is expected to be partially off-set by a net gain of approximately $2 million to $3 million from hedging activities.
Dr. Zhengrong Shi, Suntech's Chairman and CEO said, "We are pleased to see extremely strong demand in the first quarter of 2010. With robust demand in incumbent solar markets and rapid growth in a host of emerging markets, we expect this environment to continue deep into 2010."
Source:prnewswire.com
Most Solar Stocks are moving up between 5% and 10% in the Pre-Market. With the massive rally in the European Markets, this should be an interesting day.
Labels: Earnings, Solar Stocks, STP, Suntech Power
JA Solar reporting earnings
Earnings Date:
May 11, 2010
Q1 2010 Earnings Release - 9:30AM EDT
Analysts, on average, expect JA Solar (NASDAQ:JASO) to report earnings of $0.18 on sales of $265 million on May 11, 2010.
For the full year, analysts expect the company to post EPS of $0.52. In the year-ago period, the company reported a loss of $0.18 on sales of $34 million.
In the previous quarter, the company reported EPS of $0.17, topping consensus estimates of $0.12.
JASO is near the 2010 Highs. Moving above $7 could prove very bullish for this stock:
Labels: Earnings, JA Solar Holdings Co., JASO, solar charts, Solar Stocks
First Solar, Inc Earnings
FSLR is up 15% after the Earnings Release:
First Solar, Inc. announced that for fiscal 2010, it expects net sales of $2.6-$2.7 billion, reflecting reallocation of module capacity from its systems business to meet stronger module demand by its European customers. Earnings per fully diluted share (EPS) are projected in the range of $6.80 to $7.30 and include $0.09-0.10 per share dilution for the pending acquisition of NextLight Renewable Power, LLC. According to Reuters Estimates, analysts on an average are expecting the Company to report revenues of $2.7 billion and EPS of $6.29 for fiscal 2010. The First Solar Board of Directors has approved an additional four line manufacturing plant with an annual capacity of over 220 MW at the first quarter 2010 line run-rate. The plant is expected to begin production in the fourth quarter of 2011.
Labels: Earnings, First Solar Inc, FSLR, Solar Stocks
First Solar Releases its Quarterly Earnings on April 28
Analysts, on average, expect First Solar (NASDAQ:FSLR) to report earnings of $1.65 on sales of $539 million on April 28, 2010.
For the full year, analysts expect the company to post EPS of $6.13. In the year-ago period, the company reported EPS of $1.99 on sales of $418 million.
In the previous quarter, the company reported EPS of $1.65, topping consensus estimates of $1.51.
First Solar, Inc. Chart:
Labels: Earnings, FSLR, solar charts, Solar Stocks, solarstocks
SunPower Corporation (SPWRA): Earnings Preview
SunPower Corporation (SPWRA : 18.16, 0.28) is scheduled to report first quarter 2010 results on Thursday, April 22.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. The company operates through two business segments: components segment and systems segment. The Systems Segment represents sales directly to system owners and developers and includes engineering, procurement, construction (EPC) and other services relating to solar electric power systems that integrate the company's solar panels and balance of systems components, as well as materials sourced from other manufacturers. The Components Segment primarily represents sales of the Company's solar panels and inverters to solar systems installers and other resellers, including the company's third-party global dealer network. On April 14, 2009, the Company completed the acquisition of Tilt Solar. In March 2010, the Company acquired SunRay Renewable Energy.
Dec-Q operating EPS of $0.32 vs. $0.27 is $0.07 below my estimate. Sales rose 18% from Oct-Q, reflecting higher shipments in all geographies. Gross margins, below my view, narrowed due to foreign exchange. As expenses rose, the operating margin contracted. Separately, the internal audit committee concluded that '08-'09 income was overstated by about $17 million. I still see pricing pressure from Asia-based competitors with rising conversion efficiencies. While Q4 results confirmed strength of company's components biz, its ability to maintain price premium, guidance suggests back-end-loaded year, higher expenses tied to SunRay purchase. But I feel the company is taking right steps to secure strong pipeline in U.S., Europe, which will become even more important in possible oversupplied environment in H2 '10.
For the 1st qtr 2010, analysts' estimates range from $0.0 to $0.36, with a consensus estimate of $0.09. The consensus EPS forecast has decreased over the past week from -$0.36 to $0.35 and decreased over the past three months from $0.35 to $0.36.
Source:istockanalyst.com
Labels: Earnings, Solar Stocks, Solar Technology, SPWRA, SunPower Corp
Evergreen Solar says 1Q revenue was $78.5 million
Evergreen Solar Inc. said Monday that its first-quarter revenue was about $78.5 million, higher than analysts expected and 44 percent above its revenue a year earlier.
The company, which makes solar-power products using silicon wafers, did not forecast its profit.
In the same period a year earlier, the company lost $64.3 million, and analysts were expecting it to report an adjusted loss of 9 cents per share, or nearly $19 million, for the quarter that ended April 3.
Evergreen is scheduled to report first-quarter results May 4.
The company said it shipped enough products to generate about 35.4 megawatts of power, or about enough to power 35,000 homes.
The average selling price in the first quarter was about $2.20 per watt, about 4 percent less the previous quarter. Evergreen said its manufacturing costs were $2.05 per watt, flat with the fourth quarter.
Evergreen expects to produce 37 megawatts to 38 megawatts in the second quarter.
Its shares rose 6 cents to $1.18 in regular trading Monday and another 9 cents in extended trading after release of the revenue estimate.
Source: businessweek.com
Labels: Earnings, ESLR, Evergreen Solar, Solar power, Solar Stocks
LDK Solar Results Miss Estimates
LDK Solar Co., Ltd.'s Q4 2009 Results Miss Estimates, Stock Drops; Issues Q1 2010 Revenue Guidance Above Analysts' Estimates-Reuters
Tuesday, 30 Mar 2010 11:35am EDT
Reuters reported that LDK Solar Co., Ltd.'s fourth quarter 2009 earnings missed Wall Street expectations, sending its shares tumbling. The Company also expects first quarter 2010 revenue of between $310 million and $330 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $312 million for the first quarter of 2010.
Source: Reuters
Labels: Earnings, LDK, LDK Solar, Solar Stocks
SunPower Reports Fourth-Quarter 2009 Results
SPWRA is down -14% after earnings results:
Record Q4-2009 revenue of $548 million; fiscal-year 2009 revenue of $1.52 billion -- Q4 GAAP EPS of $0.09 and non-GAAP EPS of $0.47 - includes $0.03 per share in accounting investigation expenses -- Completed largest solar power plant in Italy, 24-megawatt (MW) project in Montalto -- Completed construction of more than 100-MW rooftop and ground mount systems in 2009 -- More than doubled the number of SunPower dealers in 2009 to ~1,000 dealers in eight countries -- Announced the acquisition of SunRay Renewable Energy - will add 1.2 gigawatt pipeline -- Announced 200 MW, five year rooftop supply agreement with Southern California Edison -- Financed 19-MW power plant for Xcel Energy in Colorado to be completed in 2010 -- Announced 32-MW supply agreement with Toshiba for 2010 delivery -- Appointed Jim Pape to lead Residential and Commercial (R&C) business unit
SourceLabels: Bearish, Earnings, Solar Stocks, SPWRA
SunPower Corporation Earnings Today
After the closing bell, SunPower Corporation (SPWRA) will take the spotlight to reveal its fourth-quarter earnings. Analysts surveyed by Thomson Reuters are expecting the solar concern to report net income of 49 cents per share, down from its year-ago profit of 70 cents per share. Sales for the period are expected to arrive at $491 million.
SunPower has a solid history in the earnings spotlight, having exceeded Wall Street's consensus expectations in three of the past four reporting periods. Judging by a recent uptick in call buying, some traders appear to be anticipating another upside surprise.
During the past 10 days, traders on the International Securities Exchange (ISE) have bought to open 3.75 calls for every put on SPWRA, revealing a distinct preference for bullish bets over their bearish counterparts. In fact, this ratio of calls to puts ranks higher than 82.7% of other such readings, indicating that traders on the ISE have rarely shown a greater bias toward calls over puts.
SourceLabels: Earnings, Solar Stocks, SPWRA, SunPower Corp
Yingli Green Energy posts 4th-qtr loss, predicts strong 2010 solar module shipments
Yingli Green Energy Holding Co. (YGE) on Monday said its fourth-quarter results slid to a loss driven by one-time charges, but the solar cell maker predicted 2010 module shipments to nearly double from 2009 levels.
The China-based company posted a quarterly loss of 44.8 million renminbi ($6.6 million), or 0.3 renminbi per American Depository Share (4 cents per ADS), compared with a profit of 82 million, or 0.64 renminbi per ADS, during the same period the prior year.
Excluding special charges, adjusted earnings amounted to 137.5 million renminbi ($20.2 million), or 0.89 renminbi per ADS (13 cents per ADS).
Analysts polled by Thomson Reuters estimated a profit of 14 cents per ADS, on average. Analysts typically exclude one-time items.
Revenue climbed 44 percent to 2.53 billion renminbi ($370.8 million) from 1.76 billion renminbi in the prior-year period. Analysts forecast an average revenue of $326.5 million.
For the full year, the company reported a loss of 459.2 million renminbi ($67.3 million), or 3.31 renminbi per ADS (48 cents per ADS), compared with earnings of 653.8 million renminbi, or 5.05 renminbi per ADS, in 2008. Revenue slid 4 percent to 7.25 billion renminbi ($1.06 billion).
SourceLabels: Earnings, Solar Stocks, YGE, Yingli Green Energy Hold
Trina Solar profit tops Wall Street, shares climb
Trina Solar (TSL) opened higher today, but now seems to follow the rest of the solar stocks, losing -3.44% at the moment.
TSL's Earnings info:
Earnings per ADS 74 cents tops Wall St view of 60 cents
* Revenues rose 45 pct to $313 mln
* Shares climb 3.4 percent premarket
NEW YORK, Feb 24 (Reuters) - China-based Trina Solar Ltd (TSL.N) reported higher-than-expected fourth quarter profit and said its margins widened even as the industry continued to see weaker selling prices for solar modules.
A glut of solar cells and modules pressured prices by about 40 percent last year, but a recent rebound in demand ahead of expected subsidy cuts in Germany has boosted sales for many producers of the renewable energy systems.
Net income rose to $49.2 million, or 74 cents per American Depositary Share, versus a loss of $673,000, or 1 cent per share, in the year-earlier quarter.
That easily topped the 60 cents per share that analysts had on average forecast, according to Thomson Reuters I/B/E/S.
Revenue rose 45 percent to $313.3 million, beating analysts' forecast for $284 million.
Gross margins climbed to 32.6 percent, topping Trina's forecast of 25 percent to 27 percent.
ReutersLabels: Earnings, Solar Stocks, Trina Solar, TSL
