Solar Earnings

Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL, YGE, Yingli Green Energy Hold

posted by Ertai at 11:05 AM | 0 comment(s)

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).

Labels: Earnings, Solar Stocks, YGE, Yingli Green Energy Hold

posted by Ertai at 3:02 PM | 0 comment(s)

Solar Upgrades and Downgrades

Australian firm Macquarie has made several changes to stocks in the Solar sector this morning:

upgrades Yingli Green Energy (NYSE: YGE) from Neutral to Outperform. Shares of Yingli are up 2.6% to $13.06 in the pre-market trading session.

upgrades Sunpower (Nasdaq: SPWRA) from Underperform to Neutral. The stock is up 1.3% to $32.

downgrades First Solar (Nasdaq: FSLR) from Outperform to Neutral. First Solar shares are down slightly to $147.41.

downgrades Suntech Power Holdings (NYSE: STP) from Neutral to Underperform. Shares of Suntech are down 0.13% to $14.87.

The Claymore/MAC Global Solar Index ETF (NYSE: TAN), or commonly referred to as just "the TAN", is up about 0.21% today.

Labels: First Solar Inc, FSLR, solar ETF, SPWRA, STP, SunPower Corp, TAN, Yingli Green Energy Hold

posted by Ertai at 9:59 AM | 0 comment(s)

Solar Stocks Bounce Up

Labels: First Solar Inc, FSLR, JA Solar Holdings Co., JASO, solar charts, Solar Stocks, STP, Suntech Power, YGE, Yingli Green Energy Hold

posted by Ertai at 11:04 AM | 0 comment(s)

Solar Stocks Rally Ending?

On Friday night's Mad Money, Jim Cramer got bullish on several solar stocks, Yingli (NYSE: YGE) and Suntech (NYSE: STP), revising his recent recommendation that First Solar (Nasdaq: FSLR) was the only worthy one from the group. Traders seem to be taking heed to the Cramer call this morning, bidding up shares of both these solar plays. Yingli Green Energy is currently up 3.6% to $15.63, while shares of Suntech are up 0.8% to $20.65.

Cramer attributed his now positive views on the two stocks to China's new solar initiative which subsidizes all solar installations in urban areas by 50%. Cramer believes that Suntech will be involved in "all of the high-profile solar installations" and that Yingli should benefit from its low-cost structure.

Labels: Cramer, First Solar Inc, FSLR, Solar Stocks, STP, Suntech Power, YGE, Yingli Green Energy Hold

posted by Ertai at 1:59 PM | 0 comment(s)

Canadian Solar Earnings (CSIQ)

The first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of -$0.13 on revenue of $49.5 million. Analysts had forecast a net EPS loss of -$0.26 on revenue of $54.08 million.

Labels: Canadian Solar Inc., CSIQ, ReneSola, Solarfun, SOLF, Trina Solar, YGE, Yingli Green Energy Hold

posted by Ertai at 3:49 PM | 0 comment(s)