SolarCity Earnings = MEH

SolarCity (SCTY) has been one of the hottest alternative energy stocks since its Initial Public Offering five short months ago. Yesterday it shot up 24% in one day, on the largest one-day volume since it opened, in anticipation of its quarterly earnings release. It is up 95% in the past three months, and has more [...]

First Solar Earnings Disappoint

Prior to reporting its full-year 2012 results yesterday evening (Feb. 26) First Solar announced that it’s reached a new efficiency level for cadmium telluride (CdTe) thin-film photovoltaics, at 18.7 percent efficiency (as verified by the National Renewable Energy Laboratory). Then during the earnings report, the company produced non-GAAP earnings per share of $2.04 for the [...]

Tesla Stock Down After Earnings Release

Tesla Motors (TSLA) reported earnings last night that provided a bit of fuel for skeptics, but hope remains and the company has indicated profitability is just around the corner. In the near term though, the stock is getting hit hard today and slicing through key support at the 50 day moving average this morning. Let’s [...]

A123 Reports $125M Q1 Loss

A123 (Nasdaq: AONE) confirmed a record loss of $125 million in the first quarter of 2012 and said it would seek debt financing as it struggles with a massive battery recall that will take up its existing factory capacity through the next It’s the latest in a string of bad news for the Waltham, Mass.-based [...]

First Solar Posts Loss; Executives Play Musical Chairs

First Solar (Nasdaq:FSLR) announced its Q1 earnings yesterday and posted its second-ever loss. As reported yesterday, the company appointed Jim Hughes as new CEO, and as reported last month, First Solar idled lines in Malaysia, closed down its German factory, and fired 30 percent of its workforce, or about 2,000 employees. The quarter’s loss was [...]

SunPower Q1 2012 Earnings

SunPower (Nasdaq:SPWR) reported its Q1 2012 results after the closing bell yesterday. Greentech Media spoke with SunPower CEO Tom Werner soon after the earnings call. The firm posted Q1 revenue of $494 million and gross margins of 12.7 percent. The firm, like every other solar module firm in Q1, lost money. In SunPower’s case, Q1 [...]

SunPower Silences the Critics with Recent Earnings and Guidance

While it’s still choppy seas for the solar industry, SunPower’s full-year results for 2011 beat analysts’ estimates, and its 2012 guidance led some analysts to be more bullish on its stock. Among other steps the company is taking, it’s working to reduce costs by simplifying its production process and introducing more efficient PV cells. The [...]

Has First Solar Bottomed? $FSLR

I’ve been traveling in Panama, so have some earnings reports to catch up on. First Solar (FSLR) reported after the bell on Tuesday and it wasn’t pretty. The company missed badly on a non GAAP basis in addition to reporting a hefty one time loss which included $125 million for faulty panels produced a few [...]

First Solar Whiffs Earnings $FSLR

First Solar (Nasdaq: FSLR) is the largest solar module firm by market capitalization, the largest thin-film solar firm, and one of the largest solar firms by capacity and shipments, and certainly by cumulative profits. The company is in the cross hairs of every other solar firm and continues to set the bar in terms of [...]

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