Tag Archives: earnings
ENER Spikes 13% on Earnings, Outlook $ENER
Energy Conversion Devices Inc. (NASDAQ: ENER), today, announced its fourth-quarter and fiscal 2010 financial results. The company reported total consolidatedrevenue of $86.2 million for the fourth quarter of fiscal 2010. For thesame period in the previous fiscal year, the company reportedconsolidated revenues of $51.4 million. The company’s solar product andsystem sales for the quarter were [...]
Analysts Reaction to Trina Earnings $TSL
Following Trina Solar’s (TSL) earnings results, at least two firms remain bullish on the stock – Auriga and Citi. HSBC wasn’t as impressed and downgraded the stock. ====> Click Here For Your FREE Trina Solar Analysis Auriga reiterates its Buy rating and raised the price target from $36 to $41. “Management did not disappoint investors [...]
Applied Materials Q3 Earnings Shine $AMAT
During yesterday’s earnings call Applied Materials CEO Mike Splinterand CFO George Davis discussed the company’s third quarter results.Overall the company exceeded its third quarter guidance driven by strong results in our semiconductor, display and crystalline silicon solarbusinesses. A look at our Solar Business Net sales for the Energy and Environmental Solutions (EES) segmentwas $387 million [...]
Analysts Mostly Bullish on Sunpower Following Earnings $SPWRA
Following Sunpower’s (SPWRA) earnings report last night, a few analysts are out with calls today and generally bullish. Hat tip to Street Insider for the analyst comments. ====> Click Here For Your FREE Sunpower Technical Analysis Ardour Capital upgrades from Hold to Accumlate.“As Fab 3 ramps production in 2011, we look for increasing scale andthroughput [...]
Sunpower Beats on Earnings, Misses on Revenues $SPWRA
Sunpower reported their second quarter resultstoday. Here’s a quick rundown for the high-efficiency solar panelmanufacturer and solar power provider. SunPower’s Q2 revenueswere $384.2 million, up from last quarter’s $347.3 million andsignificantly more than the the $299.3 million in Q2 2009. Gross margin has also improved over last quarter and last year to 22.9 percent. (All figures [...]
$CSUN Smashies Earnings, Narrows Guidance
China Sunergy (CSUN) reported results this morning and while they missed slightly on the revenue number posting $117million, they smashed EPS estimates with a profit surge of .33/share. That was nearly double the analyst estimate of .18/share and a newrecord for the company. It’s also more than double the EPS of lastquarter and more than 10x [...]
Analysts Reaction to Earnings $AMAT $WFR $ITRI $GPRE
A couple more firms have come out with notes on Itron (ITRI) after it was rumored that Siliver Springs Networks will win the BG&E deal, not Itron. Hat tip to Street Insider for the analyst comments. Wedbush is downgrading Itron from Outperform to Neutral and is alsocutting the price target from $85 to $62. “The [...]
Analysts React to WFR Earnings
As I reported last night, MEMC Electronic Materials (WFR) reported disappointing earning results once again sending the stock plummeting today below key resistancearound the $10 level. It is currently trading at levels not seen since2004 and assuming it closes below the $9.51 level today, the next levelof support doesn’t come into play until you get [...]
$WFR Whiffs Earnings
MEMC Electronic Materials (WFR) just can’t seem to get it going. Just when you think they are ready to turn the corner, they turn in another disappointing quarter and today was no exception. Despite a few firms coming out with bullish calls on WFR in recent days (Barclays, Gleacher & Kaufman Bros), the company missed on [...]