Monday, May 20, 10:45 AM
JA Solar (JASO +34.4%) is now skying higher following its Q1 beat and full-year shipment guidance reiteration, and is providing fresh fuel for the colossal solar stock rally that started last fall (TAN +4.4%). TSL +13.3%. DQ +20%. LDK +9.9%. JKS +10.3%. SCTY +11.6%. SOL +9.4%. CSUN +8.9%. SPWR +4.9%. ASTI +9.4%. YGE +8.4%. CSIQ +6.6%. The fact 38% of JA's Q1 module shipments went to Japan (a market with higher ASPs/margins than China) is likely going over well with investors.
5 Comments[Tech, On the Move, Earnings]
Friday, May 17, 5:42 PMAfter-hours top gainers, as of 5:15 p.m.:GAIA +7.6%. ADK +6.4%. PATH +5.3%. GST +4.2%. DQ +3.3%. After-hours top losers:DATA -5.1%. QEP -3.8%. CPRT -3.8%. RPAI -3.6%. EA -2.3%.
Comment![On the Move]
Thursday, May 2, 4:37 PM
Solar stocks spiked in the final hour of trading (TAN +2.3%) after SunPower's blowout Q1 results were leaked. LDK +8%. JKS +9.5%. JASO +11%. TSL +7.5%. WFR +3.6%. DQ +4.6%. YGE +3.7%. FSLR +1.4% after spending most of the day in negative territory.
2 Comments[Tech, On the Move]
Wednesday, April 17, 1:27 PM
Daqo (DQ -4.3%) COO Qiangmin Zhou has left the company "for personal reasons." CEO Gongda Yaho will serve as acting COO for now. Daqo shares are lower, but so are those of many solar peers. (PR)
Comment![Tech, On the Move]
Monday, April 15, 12:49 PM
Disappointing Chinese GDP data helps fuel a rout in solar stocks (TAN -3.8%). A broader selloff in risk assets isn't helping either. Suntech (STP -21.1%) is the biggest loser, as the Buffett rumor rally officially comes to an end. JASO -11.8%. LDK -10.7%. YGE -8%. WFR -7.9%. GTAT -5.9%. SOL -8.2%. TSL -6.9%. SPWR -5.1%. JKS -8.5%. DQ -5.2%. YGE -8%.
Comment![Tech, On the Move]
Tuesday, April 9, 1:41 PM
First Solar (FSLR +23.8%) guides on its analyst day for 2013 revenue of $3.8B-$4B and EPS of $4-$4.50, far above a consensus of $3.15B and $3.46. Shares have spiked higher on the news, and were shortly halted due to volatility. Other solar names are also surging: SPWR +9.8%. TSL +8.7%. DQ +12.3%. STP +36.1%. LDK +15%. JKS +15.4%. WFR +7.5%. JASO +6.6%. (previous) Update (1:56): First Solar shares are now up 48.2%, and have been halted again. CNNMoney's Paul R. La Monica notes over 1/3 of the float is shorted. "Can you say squeeze?"
9 Comments[Tech, On the Move, Earnings, Breaking News, Top Stories]
Monday, April 8, 10:07 AM
First Solar (FSLR +1.8%) and sales chief James Brown have "mutually agreed" Brown should no longer work for the company. The disclosure, which comes in advance of tomorrow's analyst day, doesn't seem to be bothering investors much, as First Solar joins a broader rally in solar names (TAN +1.3%) in the wake of Trina's upbeat comments about industry capacity and Chinese demand. JKS +8.2%. CSUN +8.4%. YGE +4%. SOL +4.7%. SPWR +2.4%. SCTY +1.9%. DQ +6.3%. CSIQ +2.6%. JASO +2.3%.
3 Comments[Tech, On the Move]
Monday, April 1, 2:00 PM
Disappointing Q4 results from Daqo (DQ -9.8%), together with a general decline in risk assets, fuels a rout in solar names. YGE -7.9%. SOL -7.3%. JKS -5.4%. GTAT -4.1%. CSIQ -4.9%. SPWR -2.8%. WFR -2.5%. Daqo's Q4 revenue of $6.2M represented a 77% Y/Y drop, and was well below the $14.5M forecast by the one analyst providing estimates. Gross margin was -178.5% (no typo), a little worse than Q3's -51.1%. Polysilicon output is expected to total 720 MT in Q1, up from Q4's 592 MT.
Comment![Tech, Earnings, On the Move]
Monday, March 18, 1:13 PM
Chinese solar stocks are selling off following (widely-expected) news of Suntech's default, and reports the Chinese government may soon cut solar electricity subsidies. The latter is potentially a major problem given how weak European demand and trade disputes have made the domestic solar market more important than ever. LDK -9.1%. SOL -10.2%. DQ -7%. YGE -6.9%. JASO -3.7%. CSIQ -3.4%.
1 Comment[Tech, On the Move]