This week is an extremely important week for solar stocks and alternative energy stocks. JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co.Ltd. (NYSE: LDK), Canadian Solar Inc. (NASDAQ: CSIQ), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) are all up on the earnings deck this week.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is the first of the solar companies to watch. Monday’s estimates from First Call are $0.10 EPS on $146.6 million in revenues. The next quarter estimates are $0.15 EPS and $179.9 million, while fiscal Dec-2008 are $0.85 EPS on $984.4 million. JA Solar is Chinese and it is thought of by many as one of the cheapest cost producers with some of the closest and firmest supplies of silicon to make solar pv cells. This has been a monster performer since coming public early last year and many consider it one of the cheapest of the solar stocks.
LDK Solar Co.Ltd. (NYSE: LDK) is also set to report earnings Monday, and this has been one of the more controversial names in solar power for traders. It is still down more than 50% from its highs, and is now up almost 100% from its lows since right before we covered this one securing silicon contracts and having its orders fully booked up. We already gave guidance for its targets but the estimates for this quarter are $0.39 EPS on $217.29 million in revenues.
On Tuesday, we’ll see earnings out of Canadian Solar Inc. (NASDAQ: CSIQ). This solar player’s estimates from First Call are $0.31 EPS on $151.88 million in revenues. Next quarter estimates are $0.34 EPS on $167.6 million in revenues, and the fiscal Dec-2008 estimates are $1.60 EPS on $730.7 million in revenues. This one is up huge by some 400% or more since its September 2007 lows.
On Thursday morning, we’ll see earnings out of Yingli Green Energy Holding Co. Ltd. (NYSE: YGE). First Call has estimates pegged at $1.33 EPS on $1.47 Billion. Estimates for next quarter are $1.38 EPS on $1.5 Billion in revenues and fiscal Dec-2008 estimates are $6.54 EPS on $6.84 Billion in revenues.
As a reminder, many estimates will have changed by the time the Tuesday and Thursday report gets here. Also, with the performance that has been seen in these names you have to understand that for any real rally to be sustained based upon the actual earnings report that these have to "beat earnings targets and raise guidance." Those that don’t beat will likely either see profit taking or just outright short selling.
- Citi recently gave mixed coverage to other solar stocks.
- We recently highlighted the new solar ETF.
Jon C. Ogg
May 11, 2008
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.