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 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]
Friday, November 30, 2012, 6:55 AMDAQO New Energy (DQ): Q3 EPS of -$0.44 misses by $0.22. Revenue of $21.1M misses by $8M.
Comment![Earnings, Tech]
Friday, August 17, 2012, 2:25 PM
Daqo New Energy (DQ +3.3%) moves up after its Q2 beat on bottom line estimates. Net losses came in less than expected, as margins improved due to several technology improvements and a lower seasonal electricity rate. The company warns, however, that the solar PV industry continues its downward trajectory and that the average selling prices for polysilicon, wafer and modules remain weak.
Comment![Earnings, Global & FX, Tech]
Friday, August 17, 2012, 5:53 AMDaqo New Energy (DQ): Q2 EPS of -$0.20 beats by $0.09. Revenue of $30.6M (-56.7% Y/Y) misses by $2M. (PR)
Comment![Earnings, Tech]
Monday, May 21, 2012, 7:52 AMDaqo New Energy Corp (DQ): Q1 EPS of -$0.39 misses by $0.12. Revenue of $34M (-61% Y/Y) beats by $1.15M. (PR)
Comment![Earnings, Tech]
Wednesday, March 21, 2012, 6:40 AMDaqo New Energy (DQ): Q4 EPS of -$1.12 misses by $0.05. Revenue of $38.2M (-53.4% Y/Y) misses by $4M. (PR)
Comment![Earnings, Tech]