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
Solar Bulls
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, Solar Stocks, SolarCity Corp
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.
SPWR +9.18%
CSIQ +6.81%
FSLR +6.40%
STP +14.40%
SCTY +11.01%
SolarCity has been on the media radars quite often and the trend seems very steady:
Labels: Bullish, CSIQ, First Solar Inc, FSLR, SCTY, Solar Stocks, SolarCity Corp, 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
TAN - Guggenheim Solar ETF Update
After SunTech Power's downfall the Solar ETF TAN needs a chart update:
The trend still looks negative but look for some support around the 15/16 dollar mark.
Labels: ETF, solar ETF, Solar Stocks, TAN
Suntech Power Holdings (STP)
Suntech Power Holdings is having a wild ride in these last days.
Now up 28%, investors are still confused if Suntech will go into default, be saved by the China Government or neither of them.
Meanwhile the stock looks way too risky for any overnight trades.
The news reports have bondholders forcing the company into an involuntary bankruptcy tomorrow if the company doesn't pay back $541 million in bonds.
Two advisers of Chinese government agencies stated that the country would not do anything to save the once-largest solar panel manufacturer, Suntech Power Holdings from its creditors since the company requires economizing along with the rest of the industry.
Maybe next week we can get a hold of what the future holds for STP.
Labels: Solar Stocks, STP, Suntech Power
Suntech, Acquired, Now Officially a State-Owned Entity
After this news, Sun Tech Power (STP) is now trading 26% lower.
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Any pretense of Suntech (NYSE: STP) being an independent entity is over.
China's Suntech, faced with a debt crisis and with the fate of thousands of employees' jobs hanging in the balance, "is poised to be taken over partly or entirely by the municipal government's holding company in its hometown, Wuxi, China," according to
reports in the
New York Times after a confirmation from a Wuxi official on Wednesday.
Suntech was the world's largest manufacturer of solar modules in 2011. But it now has cash issues and bond obligations of more than $500 million coming due. In July 2012, Suntech's business partner, Global Solar Fund (GSF), faked $680 million in collateral for a loan backed by Suntech."
Labels: Solar Stocks, STP, Suntech Power
More Sell Ratings for Suntech Power Holdings (STP)
Biggest down movement for today in Suntech Power Holdings Co., Ltd. -7.31%
In the news:
Hapoalim Securities is out with a research report this morning, where it reiterates its Sell rating Suntech Power Holdings (NYSE: STP); it has a $6.00 price target on the stock.
The HS analysts cited the company's better than expected Q3 revenues and gross margins (though worse than expected EPS), which was driven entirely by losses due to foreign exchange.
The analysts noted that, in an effort to address a higher production cost structure than peers arising from the need to outsource all of its wafer needs, STP announced the acquisition of 375 MW of wafer capacity from one of its equity holdings, Glory Silicon. STP is acquiring the 70% of the capacity it doesn't own for $127 million; this implies $0.48 per watt, ahead of the $0.35-0.40 capex per watt the analysts believe standard new wafer capacity can be built.
Read more
Labels: downgrade, Solar Stocks, STP, Suntech Power
Solar market drops, but will recover
American thin film manufacturer First Solar ‒ top international producer of PV cells for 6 consecutive quarters ‒ lost ground in the third quarter of 2010, increasing capacity by just 2% and moving into third position behind Chinese companies Suntech and JA Solar.
Revealing this development in its latest analysis, IMS Research is predicting that even though demand will weaken in 2011, First Solar will gain market share when it increases production capacity through new production facilities that are expected to start up over the next two years.
First Solar recently announced that it would be expanding capacity by opening two additional four-line plants in the United States and Vietnam in 2012, in addition to previously announced expansions in France, Germany and Malaysia.
Renewableenergyworld.com reports that these expansions would suggest that the thin film supplier’s production capacity will reach over 2.7 GW by the end of 2012 at current line run rates. However, given its history of improving throughput, IMS Research estimates that its capacity could in fact reach over 3 GW by then.
IMS PV research analyst Sam Wilkinson commented: “While much of the industry has indicated uncertainty and a possible reduction in demand in 2011, with Germany’s small commercial segment likely to decrease the most in MW terms, First Solar is expecting an increase in demand for its products and a need to accelerate capacity expansions.”
Full articleLabels: First Solar Inc, FSLR, Solar Energy, 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
Top 10 Fastest-Growing Solar Stocks
Below are the top 10 fastest-growing Solar stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts.
Real Goods Solar, Inc. (NASDAQ:RSOL) is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 40.0%. This number is based on the average estimate of 2 brokerage analyst(s).
Canadian Solar Inc. (NASDAQ:CSIQ) is the 2nd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 35.5%. This number is based on the average estimate of 4 brokerage analyst(s).
ReneSola Ltd. (ADR) (NYSE:SOL) is the 3rd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 29.0%. This number is based on the average estimate of 2 brokerage analyst(s). SunPower Corporation (NASDAQ:SPWRA) is the 4th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 28.5%. This number is based on the average estimate of 6 brokerage analyst(s).
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 5th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 25.0%. This number is based on the average estimate of 4 brokerage analyst(s).
Trina Solar Limited (ADR) (NYSE:TSL) is the 6th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 24.0%. This number is based on the average estimate of 5 brokerage analyst(s).
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 7th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 23.8%. This number is based on the average estimate of 8 brokerage analyst(s).
First Solar, Inc. (NASDAQ:FSLR) is the 8th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.8%. This number is based on the average estimate of 8 brokerage analyst(s).
Evergreen Solar, Inc. (NASDAQ:ESLR) is the 9th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.5%. This number is based on the average estimate of 2 brokerage analyst(s).
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 10th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.0%. This number is based on the average estimate of 3 brokerage analyst(s).
Source:
China AnalystLabels: CSIQ, ESLR, FSLR, JASO, RSOL, SOL, Solar Stocks, SPWRA, STP, TSL, YGE
Trina Solar to Supply Solar Modules to SunEdison
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its subsidiary, Trina Solar (U.S.) Inc., has signed a sales agreement to supply solar modules to SunEdison, a subsidiary of MEMC Electronic Materials, Inc. ("MEMC").
Under the terms of the agreement signed with MEMC, Trina Solar is expected to supply SunEdison with approximately 35 megawatts (MW) of PV modules over the remainder of 2010. The modules are expected to be utilized by SunEdison for projects in North America and Europe.
"This collaboration once again demonstrates Trina Solar's ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market," said Mr. Sean Tzou, Chief Strategy Officer of Trina Solar. "Combining Trina Solar's high-quality modules with SunEdison's leading solar project capabilities, helps our company to further increase market share, diversify our sales base and enhance recognition of our brand globally."
Source: prnewswire.com
TSL Chart:
Short Term and Long Term trends seem to point up. Trina Solar is still beating the performance of the whole bearish market in these last months.
Labels: solar charts, Solar News, 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
4 Ways to Profit from the Coming Boom in Alternative Energy
Love is a fickle thing. When oil prices surged past $100 a barrel in 2008, investors fell madly in love with alternative energy stocks. But when oil prices crashed, and when signs emerged that government budget problems would curtail the industry-friendly subsidies, so did investor ardor for this young industry. The PowerShares Wilderhill Clean Energy Exchange Traded Fund (NYSE: PBW) slid from $28 in early 2008 to below $10 today.
These ups and downs are par for the course in any young industry. Sales initially soar, then the key companies raise loads of cash to aggressively boost capacity -- often times to a point where supply exceeds demand. Prices for items -- such as solar panels and wind turbines in this case -- then plunge, leading investors to assume that profits will never be robust.
But it usually just takes time. Eventually, the industry learns to keep capacity expansion at a minimum, demand keeps rising, and prices eventually firm. And that’s just what looks to be happening in the field of alternative energy.
Continue reading
hereLabels: Alternative Energy, ETF, FSLR, PBW, Solar Stocks
Claymore/MAC Global Solar Index (ETF) (NYSE:TAN)
The Solar Stock ETF TAN continues upwards, alongside other titles like STP, FSLR and TSL. All still looking bullish on the short-term.
Labels: FSLR, solar ETF, Solar Stocks, STP, Suntech Power, Trina Solar, TSL
