Canadian Solar Inc. (CSIQ) reported adjusted EPS of 69 cents in the third quarter of fiscal 2009, which pushed past the Zacks Consensus Estimate of 52 cents per share. Also, adjusted EPS for the quarter was far higher than the year-ago quarter’s 31 cents. Canadian Solar net revenues in the reported quarter escalated to $213.1 million, compared to net revenues of $114.2 million in the second quarter of 2009 and $252.4 million in the year-ago quarter. In the reported quarter, following industry trends, the company witnessed a large spike in shipments, which rose to 102.6 MW, compared to shipments of 48.2 MW in the second quarter of 2009 and 60 MW in the year-ago quarter. The reported quarter witnessed a huge demand for solar products, with a number of companies setting new peaks of volume sales. JA Solar Holdings Co. Ltd. (JASO) and ReneSola Ltd. ...

ReneSola Ltd. (SOL) reported a third-quarter loss of 7 cents per share, worse than the Zacks Consensus Estimate of a loss of 4 cents per share. However, the company was able to increase its revenues 70.6% to $140.9 million in the reported quarter from $82.6 million in the previous quarter.   Sales in the reported quarter were boosted by higher solar product shipments, a company record of 146.9 MW, an increase of 71% from 85.9 MW in the prior quarter. In the year-ago quarter, shipments were 90.4 MW, representing shipment growth of 62.5%.   The reported quarter witnessed a huge demand for solar products, with a number of companies setting their own peak of volume sales. Last week, JA Solar Holdings Co. Ltd. (JASO) also reported a company record of 177 MW shipments during the reported quarter, showing a sequential growth of 129.9%.   The bottom line, ...

For Immediate Release

Chicago, IL – November 11, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AT&T Inc (T), Centennial Communications Corp (CYCL), Verizon (VZ), JA Solar Holdings Co. Ltd. (JASO) and AutoNation (AN).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

AT&T Completes CYCL Acquisition

AT&T Inc (T) has reportedly completed its much anticipated acquisition of Centennial Communications Corp (CYCL), the eighth largest US wireless carrier by subscribers. This follows the recent approvals of the transaction by the US Department of Justice and US

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JA Solar Holdings Co. Ltd. (JASO) announced adjusted earnings per American Depositary Share (EPADS) of RMB 0.66 (10 cents) in its fiscal third quarter, which exceeded the Zacks Consensus Estimate by 7 cents. The performance improvement came from higher shipments along with growing margins.   In the reported quarter, revenues rose 119.6% to RMB 1.3 billion ($193.3 million), as compared to RMB 600.7 million ($88.0 million) reported in the previous quarter. However, revenues fell 37.8% when compared to year-ago quarterly revenue of RMB 2.1 billion ($310.7 million).   JA Solar’s shipments were a company record of 177MW in the quarter. In the prior quarter, shipments were only 77MW, representing a sequential growth of 129.9%. In the year-ago quarter also, shipments were only 99MW, representing shipment growth of 78.8%.   JA Solar’s gross profit in the reported quarter rose to RMB 220.5 million ($32.3 million), or 16.7%, compared with RMB 68.3

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For Immediate Release

Chicago, IL – November 5, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Alternative Energy sector, including Evergreen Solar Inc. (ESLR), JA Solar Holdings Co Ltd. (JASO), A-Power Energy Generation System (APWR), LDK Solar Company Ltd. (LDK) and First Solar Inc. (FSLR).

A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/26898/Alternative+Energy.

Alternative energy stock prices generally rise and fall in direct proportion to the price of crude oil. While in times of high oil prices this may present an opportunity, it also increases volatility in the sector.

Industry-wide excess solar cell and module capacity have led to stockpiling across the board. As a result, we think the performance of companies such as Evergreen Solar Inc. (ESLR), JA Solar Holdings Co

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OUTLOOK The Alternative Energy industry is going through a recovery after absorbing the global recession and the cascading fall in global crude oil prices. Earlier this year, quite a few alternative energy companies were in the trough. Though these companies have recovered from their lows, their valuations are still significantly lower than their 52-week highs. The growth of alternative energy companies is closely tied to the fortunes of the economy. In its latest release, the Energy Information Administration (EIA) predicted that total U.S. electricity consumption will decline by 3.3% in 2009 before growing by 1.3% in 2010 as the improving economy coaxes a gradual recovery in electricity sales. In fiscal 2008, annual U.S. photovoltaic (PV) installed capacity grew by 63% year-over-year, bringing the cumulative installed capacity to 792MW. According to the Solar Energy Industries Association (SEIA) -- the U.S. trade association representing close to 500 companies ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Alexandria Real Estate Equities Inc (ARE) American Commercial Lines Inc (ACLI) Ameren Corp (AEE) Arris Group Inc (ARRS) Assisted Living Concepts Inc (ALC) Astec Industries Inc (ASTE) Blackrock Kelso Capital Corp (BKCC) CapLease Inc (LSE) Cascade Bancorp (CACB) Cheniere Energy Inc (LNG) Ciber Inc (CBR) Community Trust Bancorp Inc (CTBI) EnPro Industries Inc (NPO) Evergreen Solar Inc (ESLR) Fair Isaac Corp (FICO) First Industrial Realty Trust Inc (FR) ...

JASO, JA Solar Holdings Co., Ltd.

SPNG, SpongeTech Delivery Systems Inc, SPNG.OB

 

DrStockPick Watch List!

DrStockPick Watch List! for Friday July 24, 2009

 

My Picks for Friday July 24, 2009 are:

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JASO, JA Solar Holdings Co., Ltd.

JASO is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs.

JASO sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

JASO’s Headquarters is located in Shanghai, China with current manufacturing facilities located in Ningjin, Hebei

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JASO, JA Solar Holdings Co., Ltd.

SPNG, SpongeTech Delivery Systems Inc, SPNG.OB

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Friday July 24, 2009

Our Picks at PennyOmega.com for Friday July 24, 2009 are:

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JASO, JA Solar Holdings Co., Ltd.

JASO is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs.

JASO sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

JASO’s Headquarters is located in Shanghai, China with current manufacturing facilities located in Ningjin, Hebei Province and Yangzhou, Jiangsu Province.

*The Chinese government

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Chinese photovoltaic module manufacturer Suntech Power Holdings Co. Ltd.’s (STP) is seeking to change its top management.

Its COO Johnson Chiang’s stint was cut short on Tuesday, July 8. Chiang had been with the company since November 2005. Chiang’s duties have been taken over by Suntech’s Chairman and CEO Zhengrong Shi and Guangchun Zhang, VP of manufacturing technology and quality.

While Zhang will oversee Suntech's crystalline silicon PV manufacturing operations in China, Shi will temporarily be at the helm of the Shanghai thin film plant, KSL Kuttler and BIPV manufacturing operations at Suntech Japan.

Suntech designs, develops, manufactures and markets an array of PV cells and modules. It also provides PV system integration services.

The company’s operational shake-up is an effort to boost lukewarm fortunes of the world's largest crystalline silicon solar module manufacturer. In the first quarter of fiscal 2009, revenues fell 27% and 24%, from the

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