SolarWorld sees strong sales volumes, holds 2009 outlook

SolarWorld, Germany’s third-largest solar company by revenue, says it stands behind its previous earnings guidance of €1bn ($1.4bn) for 2009, claiming that cost-cutting measures and fattened sales volumes have taken the sting out of an industry-wide price collapse.  In the first six months of the year SolarWorld saw it sales volume swell to 239 megawatts, […] Read more

Preparing for First Solar’s Earnings (FSLR)

Sunpower (SPWRa) lit a fire under solar stocks today with impressive earnings results and even better earnings and revenue guidance.Even First Solar (FSLR), whose stock had become a bit of a laggard inthe sector, powered higher around 7%. Now, FSLR’s earnings report nextweek gets even more interesting. My biggest outstanding question iswhether SPWRa benefitted from […] Read more

FBR Upgrades Sunpower (SPWRA); Oppenheimer Downgrades MEMC Electronics (WFR)

Here are some analysts calls on SPWRA and WFR following last nights earnings reports. FBR upgraded Sunpower (SPWRA) from Market Perform to Outperform and doubled the price target from $20 to $40. The firm noted that while while earnings were a mixed (beat onrevenues, but lower margins), the upgrade is driven by increasedbusiness prospects in the […] Read more

SunPower (SPWRA) Smashes Estimates, Up 20% AH

SunPower (SPWRA) has long lagged its solar competitors in stockperformance this year and remains submerged below the 50 and 200 daymoving averages.  Tomorrow, the tide may turn.  SunPower just smashedanalyst earnings estimates after the bell by reporting an an EPS numberof .24/share, beating estimates by .10.  Revenues also came in higherthan expectations at 298 million.  […] Read more

Wedbush Morgan: Challenges Remain In Solar Market Heading Into Earnings

Wedbush Morgan was out with an article in Barrons yesterday highlighting the challenges that remain in the solar market as solar earnings kick off next week.  They believe that 2nd half estimates may be too optimistic and earnings will show the negative impact of rapidly declining average selling prices, inventory write downs and cancellations/delays of customer orders.  […] Read more

Hoku Scientific (HOKU) Plunging 30% On Financing Concerns

Hoku Scientific (HOKU) reported earnings after the bell yesterday,but it isn’t the earnings that’s driving the stock down this morning,it’s concern  that the company won’t be able to raise enough cash tofund construction of its Idaho polysilicon plant and possibly remain inbusiness.  The company has a $106 million gap that it’s working to fillthrough customer […] Read more

May 26-29: Dow, NASDAQ Rise; Solar Stocks Soar

Yingli, Canadian Solar and Suntech up over 30% TheDJIA packed on 223 points ending at 8500.33, a 2.7% rise. NASDAQ dideven better gaining 82+ to 1774.33 points, a 4.8% jump for the week.Eighteen stocks of the 20 Solar Stocks Index (20SSI) gained making thetotal average increase over 13%. Yingli (YGE), CanadianSolar (CSIQ) and Suntech (STP), […] Read more

Lazard Capital and Collins Stewart Buy Rating On Yingli Green Energy (YGE)

Yingli Green Energy (YGE) is erasing Friday’s losses after CollinsStewart maintained its Buy rating and raised the price target from $10to $11 and Lazard Capital upgraded the stock from Hold to Buy thismorning. Here are the comments from Collins according to Street Insider.  Not exactly bullish comments! “YGE’s 1Q09 revenues were $146M, 20% below our […] Read more

Canadian Solar (CSIQ) Reports Another Loss But Optimistic

Canadian Solar (CSIQ) is well off the morning lows and now tradingup 3% after reporting a better than expected non GAAP loss of.10/share, but on revenues that plunged 71% over the year ago quarterto $49.5 million.  The CEO said the company closed the quarter with astrong, liquid balance sheet and is increasing its sales staff.  […] Read more

LDK Finding Support

LDK Solar (LDK) reported mixed results after the bell yesterday,reporting an EPS loss of .21/share vs analyst expectations of a smallerloss .06/share as well as the whisper number of a .12/share loss, so nosurprise the stock is off this morning.  I’ts trading down about 13%but off the lows and appears to be finding support at […] Read more

Solar Longs Taking (Blood)Bath Today

Live by "the thesis that has no support in reality"; die by "the thesisthat has no support in reality". A lot of the hot themes of late areseeing serious bludgeoning today. I always so love the "oil is up,therefore I must buy solar stocks" thesis – that was working greatuntil a bevy of solar companies […] Read more

LDK Solar (LDK) Announces Further Write Downs of $87.5 Million

LDK Solar (LDK) is announcing today it is modifying its previous preliminary unaudited financial resultsfor the 4th quarter and fiscal year 2008, to reflect an additionalwrite down of about $87.5 million to its inventories and an additionalprovision of $12.3 for prepayments to suppliers it may not recover. The modification comes as result of updated info about […] Read more