Seadrill Ltd Reported Q2 Results

- Seadrill Ltd Reported Q2 Results



Aug 25, 2011

Seadrill Limited (NASDAQ:SDRL) reported Q2 EPS of $1.34, vs. consensus estimates of $0.69 per share. Revenues for the quarter rose 6.6% year-over-year to $995 million, missing consensus estimates of $1.01 billion.

Seadrill has a potential upside of 23.8% based on a current price of $31.04 and an average consensus analyst price target of $38.42.

Seadrill is currently below its 50-day moving average (MA) of $33.03 and below its 200-day MA of $34.15.

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Yingli Green Energy Topped Q2 Estimates, Top Line Up 27%

- Yingli Green Energy Topped Q2 Estimates, Top Line Up 27%



Aug 19, 2011

Yingli Green Energy (NYSE:YGE) reported Q2 EPS of $0.34, ahead of consensus estimates of $0.27 per share. Revenues for the quarter rose 27.4% year-over-year to $680.6 million, topping consensus estimates of $613.8 million.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy commented, "I'm pleased to announce that we had our best quarter ever in terms of PV module shipments, which increased by 36.6% over the previous quarter. With the significantly increased shipments, we managed not only to expand our global market share, but also to extend our sales geographies."

Yingli Green Energy has a potential upside of 60.4% based on a current price of $5.63 and an average consensus analyst price target of $9.03.

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JinkoSolar Holding Reported In Line Q2 EPS

- JinkoSolar Holding Reported In Line Q2 EPS



Aug 16, 2011

JinkoSolar Holding (NYSE:JKS) reported Q2 EPS of $1.38, in line with consensus estimates. Revenues for the quarter rose 152% year-over-year to $350.6 million, topping consensus estimates of $320.3 million.

The company sees Q3 revenues of $310 to $330 million, vs. consensus estimates of $343.13 million, with shipments of about 230 to 250 MW. For 2011, JinkoSolar sees revenues of $1.4 to $1.5 billion, vs. consensus estimates of $1.36 billion, with shipments of 950 to 1k MW.

Mr. Kangping Chen, JinkoSolar's chief executive officer said, "We are pleased to announce the second quarter results that came in ahead of our expectations, despite the challenging market environment. During the quarter, we exceeded our shipment and revenue guidance, and were able to maintain relatively healthy margins as a result of further improvements to our cost structure. The healthy growth is a testament to our ability to capitalize on our brand name and maintain the strong relationships we have built with our existing customers across the globe."

JinkoSolar has a potential upside of 81.2% based on a current price of $16.76 and an average consensus analyst price target of $30.37.

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ReneSola Reported Q2 Results; Issued Guidance

- ReneSola Reported Q2 Results; Issued Guidance



Aug 9, 2011

ReneSola (NYSE:SOL) reported Q2 EPS of $0.02, missing consensus estimates of $0.16 per share. Revenues fell 1.8% year-over-year to $249.3 million, vs. consensus estimates of $147.6 million.

Mr. Xianshou Li, ReneSola's chief executive officer said, "Both wafer and module prices fell faster than expected in the second quarter as European subsidy cuts weakened demand and led to oversupply in the industry. Although this affected both our top and bottom lines, we were able to maintain a gross margin of 18.4% with our industry-low wafer processing costs and growing in-house polysilicon production. Our new Virtus wafer, a multicrystalline wafer that can achieve cell efficiency rates of up to 18.2%, has an even higher profit margin than our existing wafers and has been well-received by clients with its high efficiency-to-price ratio. We expect Virtus wafers to replace all of ReneSola's existing multicrystalline wafers by the end of 2011. As the solar market matures, we will continue to focus on wafer production to capitalize on our brand name, scale of operations and innovative technologies to lead the industry in cost-competitive solar manufacturing."

The company expects Q3 revenues of $220 to $240 million, vs. consensus estimates of $166.63 million.

Renesola has a potential upside of 132.4% based on a current price of $2.77 and an average consensus analyst price target of $6.43.

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Sempra Energy Reported Mixed Q2 Results, Top Line Up 21%

- Sempra Energy Reported Mixed Q2 Results, Top Line Up 21%



Aug 9, 2011

Sempra Energy (NYSE:SRE) reported adjusted Q2 EPS of $0.97, missing consensus estimates of $0.98 per share. Revenues for the quarter rose 21% year-over-year to $2.42 billion, topping consensus estimates of $2.18 billion.

The company sees 2011 EPS of $4.00 to $4.30 per share, vs. consensus estimates of $4.20 per share.

Debra L. Reed, chief executive officer of Sempra Energy said, "Through the first half of the year, we are performing well across the board and are on track to meet our 2011 earnings guidance. Our utility and pipeline acquisitions are providing strong contributions to our earnings. We also are making excellent progress on our major California utility projects and our build-out of contracted renewable energy infrastructure."

Sempra Energy has a potential upside of 24.6% based on a current price of $46.03 and an average consensus analyst price target of $57.36.

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Broadwind Energy Missed Q2 Estimates

- Broadwind Energy Missed Q2 Estimates



Aug 5, 2011

Broadwind Energy (NASDAQ:BWEN) reported a Q2 loss of $0.04 per share, wider than consensus estimates for a loss of $0.01 per share. Revenues for the quarter rose 17% year-over-year to $39.3 million, missing consensus estimates of $46.7 million.

Peter C. Duprey, president and chief executive officer, said, "We are continuing to make progress with the business transformation. With three sequential EBITDA positive quarters behind us, we feel good about the operational momentum we have gained. Our Tower business had a 48% increase in revenue in a difficult market, and in our Gears business, sales to industrial customers exceeded wind customers. Our Gearing and Services businesses had new orders well in excess of sales; our enhanced focus on sales and diversification efforts are starting to have an impact. While we continue to face a challenging wind energy market, we remain focused on the diversification of our customer base and the expansion of our services business where we have strong core competencies."

Broadwind Energy has a potential upside of 150% based on a current price of $1.2 and an average consensus analyst price target of $3.

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PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2

- PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2



Aug 5, 2011

PPL Corporation (NYSE:PPL) reported Q2 adjusted EPS of $0.45 in line with analyst estimates. Revenues for the quarter were $2.49 billion, better than consensus estimates of $2.26 billion.

James H. Miller, PPL's chairman and chief executive officer said, "We're on track to achieve our forecasted 2011 earnings from ongoing operations despite extended unplanned outages to replace turbine blades at both of our Susquehanna nuclear units. We expect to mitigate the impact of the Susquehanna outages with strong performance from our U.K. business and positive results in other aspects of our competitive supply business."

PPL (NYSE:PPL) has a potential upside of 13.3% based on a current price of $26.53 and an average consensus analyst price target of $30.06.

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First Solar Misses Q2 Estimates

- First Solar Misses Q2 Estimates



Aug 4, 2011

First Solar (NASDAQ:FSLR) reported adjusted Q2 EPS of $0.70, missing analyst estimates of $0.92. Revenues for the quarter fell 9.4% to $533 million, less than consensus estimates of $583.42 million.

Rob Gillette, CEO of First Solar said, "First Solar continued to execute in the quarter despite a challenging European market, and our 2011 outlook remains solid due to our differentiated and resilient business model. We expect stronger performance in the second half of 2011 as we build projects from our systems pipeline, develop promising new markets, execute our cost reduction roadmaps and continue to improve module efficiencies."

First Solar (NASDAQ:FSLR) has a potential upside of 42.2% based on a current price of $107.94 and an average consensus analyst price target of $153.5.

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Progress Energy Reported Mixed Q2 Results, Top Line Down 5%

- Progress Energy Reported Mixed Q2 Results, Top Line Down 5%



Aug 4, 2011

Progress Energy (NYSE:PGN) reported Q2 EPS of $0.71, ahead of consensus estimates of $0.64 per share. Revenues for the quarter fell 4.9% year-over-year to $2.26 billion, missing consensus estimates of $2.29 billion.

The company sees 2011 EPS of $3.00 to $3.12, vs. consensus estimates of $3.13 per share.

Bill Johnson, Progress Energy chairman, president and CEO said, "Favorable weather in the second quarter, coupled with continued financial discipline within the company, helped us successfully deliver on our earnings per share goal for the first half of the year. "We continue to feel the effects of a challenging economy in our service area, but we remain focused on managing the business effectively and making wise investments to meet our customers' needs today and in the future, as we prepare for our pending merger with Duke Energy."

Progress Energy has a potential upside of 1.2% based on a current price of $46.53 and an average consensus analyst price target of $47.11.

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El Paso Pipeline Partners Missed Q2 Estimates, Top Line Up 9%

- El Paso Pipeline Partners Missed Q2 Estimates, Top Line Up 9%



Aug 4, 2011

El Paso Pipeline Partners (NYSE:EPB) reported Q2 EPS of $0.50, missing consensus estimates of $0.54 per share. Revenues for the quarter rose 9.1% year-over-year to $358.0 million, missing consensus estimates of $360.8 million.

Jim Yardley, president and chief executive officer of El Paso Pipeline Partners said, "We continue to deliver superior results for our unitholders with another quarter of higher earnings and cash flow. Our portfolio of high-quality assets continues to grow through acquisitions and expansions. During the quarter, we completed the acquisition of additional interests in CIG and SNG, and now own 100 percent of SNG. We also placed into service additional expansion projects which brings our total to fourteen in less than three years. Our successful acquisitions and expansions have enabled us to deliver consistent distribution growth, as we have increased quarterly distributions every quarter since our IPO in 2007."

El Paso Pipeline Partners has a potential upside of 19.4% based on a current price of $35.29 and an average consensus analyst price target of $42.15.

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El Paso Topped Q2 EPS Estimates By $0.10 Per Share

- El Paso Topped Q2 EPS Estimates By $0.10 Per Share



Aug 4, 2011

El Paso (NYSE:EP) reported Q2 EPS of $0.34, ahead of consensus estimates of $0.24 per share.

Doug Foshee, chairman, president, and chief executive officer of El Paso Corporation said, "We are very pleased with our financial and operational performance. With the completion of our Ruby Pipeline, we have placed three major projects into service this year and will complete two more by year end. And with natural gas likely to be the cornerstone for growth in electric power development, we continue to see exciting growth opportunities on the horizon. Execution in our E&P business is outstanding, with oil programs ramping up with results that are equal to or better than expectations. We are very encouraged by the completion of our first 7,000 foot plus lateral in the Wolfcamp Shale, and we see this program delivering many years of very profitable development across our large acreage position. On the financial front, we continue to make excellent progress, improving our balance sheet primarily through drop downs to El Paso Pipeline Partners. This progress has put us in position to separate into two outstanding companies by year end. We believe this is a great time to be a shareholder of El Paso."

El Paso has a potential upside of 27.7% based on a current price of $19.49 and an average consensus analyst price target of $24.89.

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GM Topped Estimates For Q2, Rose 18.7% YoY

- GM Topped Estimates For Q2, Rose 18.7% YoY



Aug 4, 2011

General Motors (NYSE:GM) reported adjusted Q2 EPS of $1.54, better than analyst estimates of a $1.20 per share. Revenues for the quarter rose 18.7% year-over-year to $39.40 billion, topping consensus estimates of $36.71 billion.

GM Chairman and CEO Dan Akerson said in a statement, "GM's investments in fuel economy, design and quality are paying off around the world."

General Motors (NYSE:GM) has a potential upside of 59.9% based on a current price of $27.17 and an average consensus analyst price target of $43.45.

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NRG Energy Reported Q2 Results, Top Line Up Nearly 7%

- NRG Energy Reported Q2 Results, Top Line Up Nearly 7%



Aug 4, 2011

NRG Energy (NYSE:NRG) reported Q2 EPS of $2.53, which may not be comparable to consensus estimates of $0.39 per share. Revenues for the quarter rose 6.8% year-over-year to $2.28 billion, missing consensus estimates of $2.43 billion.

The company is increasing its share purchases by an additional $250 million.

David Crane, NRG President and Chief Executive Officer commented, "Our relentless focus on execution across the Company has resulted in solid financial results for the second quarter, enabling the Company to generate substantial free cash flow even after investing close to $700 million year-to-date in our exciting growth projects. We are in a good position now to complete the simplification of our capital structure in a way that allows the Company to optimize the allocation of capital for the benefit of all of its stakeholders."

NRG Energy has a potential upside of 13.1% based on a current price of $23.66 and an average consensus analyst price target of $26.75.

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Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY

- Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY



Aug 4, 2011

Pioneer Drilling (AMEX:PDC) reported Q2 EPS of $0.07, ahead of consensus estimates of $0.04 per share. Revenues for the quarter rose 46.4% year-over-year to $171.3 million, topping consensus estimates of $166.0 million.

William Locke, President and CEO of Pioneer Drilling said, "We continue to see strong demand for our drilling rigs in the West Texas drilling division, which has grown from zero to 12 rigs since the beginning of 2011, and we have contracted four more rigs that will begin operating in West Texas by year-end, although day rates are lower in West Texas when compared to certain other regions, putting rigs back to work results in higher utilization rates and increased Adjusted EBITDA."

Pioneer Drilling has a potential upside of 14.3% based on a current price of $15.58 and an average consensus analyst price target of $17.81.

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Walter Energy Earnings Miss Q2 Estimates

- Walter Energy Earnings Miss



Aug 3, 2011

Walter Energy (NYSE:WLT) reported adjusted Q2 EPS of $2.36, missing analyst estimates of $4.07. Revenues for the quarter rose 88.3% to $773.00 million, missing consensus estimates of $927.16 million.

Joe Leonard, interim chief executive officer said, "Walter Energy continues to execute on its long-term strategic plan to grow its met coal production base, highlighted by the acquisition of Western in April and our execution of lease agreements on 68 million metric tons of Blue Creek coal reserves in May."

Walter Energy is currently below its 50-day moving average (MA) of $117.23 and below its 200-day MA of $118.62. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.4%.

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Energy Transfer Equity Misses Estimates For Q2

- Energy Transfer Equity Misses Estimates For Q2



Aug 3, 2011

Energy Transfer Equity (NYSE:ETE) reported adjusted Q2 EPS of $0.30, missing analyst estimates of $0.37 per share. Revenues for the quarter rose 45% year-over-year to 1.62 billion, below consensus estimates of $1.81 billion

Mike Bradley, president and chief executive officer of Regency said, "Regency delivered strong results in the second quarter of 2011, fueled by our acquisition activity over the last year and volume growth in south and west Texas in our Gathering and Processing segment."

Energy Transfer Equity (NYSE:ETE) has a potential upside of 21.4% based on a current price of $40.7 and an average consensus analyst price target of $49.4.

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Spectra Energy Reported Mixed Q2 Results, Top Line Up Over 11%

- Spectra Energy Reported Mixed Q2 Results, Top Line Up Over 11%



Aug 3, 2011

Spectra Energy (NYSE:SE) reported Q2 EPS of $0.42, ahead of consensus estimates of $0.40 per share. Revenues for the quarter rose 11.8% year-over-year to $1.19 billion, missing consensus estimates of $1.23 billion.

The company expects 2011 EPS to exceed the stated target of $1.65, vs. consensus estimates of $1.76 per share.

Spectra Energy has a potential upside of 13.4% based on a current price of $26.45 and an average consensus analyst price target of $30.

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Forest Oil Topped Q2 Estimates, Top Line Up 14%

- Forest Oil Topped Q2 Estimates, Top Line Up 14%



Aug 2, 2011

Forest Oil (NYSE:FST) reported Q2 EPS of $0.36, ahead of consensus estimates of $0.30 per share. Revenues rose 14.4% year-over-year to $238.1 million, topping consensus estimates of $224.8 million.

Forest Oil has a potential upside of 22.5% based on a current price of $26.4 and an average consensus analyst price target of $32.33.

Forest Oil is currently below its 50-day moving average (MA) of $26.72 and below its 200-day MA of $33.15.

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SM Energy Reported Mixed Q2 Results, Top Line Up Over 78%

- SM Energy Reported Mixed Q2 Results, Top Line Up Over 78%



Aug 2, 2011

SM Energy (NYSE:SM) reported Q2 EPS of $0.91, ahead of consensus estimates of $0.53 per share. Revenues rose 78.5% year-over-year to $377.9 million, topping consensus estimates of $307.5 million.

SM Energy has a potential upside of 13.8% based on a current price of $75.56 and an average consensus analyst price target of $86.

SM Energy is currently above its 50-day moving average (MA) of $70.38 and above its 200-day of $63.32.

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Linn Energy Reported Q2 EPS Of $0.47

- Linn Energy Reported Q2 EPS Of $0.47



Jul 28, 2011

Linn Energy (NASDAQ:LINE) reported Q2 Adjusted EPS of $0.47, vs. consensus estimates of $0.61 per share.

Mark E. Ellis, President and Chief Executive Officer said, "We have already closed more than $850 million in acquisitions, setting a strong pace for the year. In addition, our organic growth program is on track to deliver an estimated 30 percent growth year-over-year. Our strong second quarter results, coupled with our projected future growth, positioned us to raise our distribution by 5 percent. This is the second time we have raised the distribution in the last nine months, and represents a 10 percent increase since the second quarter 2010."

Linn Energy has a potential upside of 13.2% based on a current price of $39.77 and an average consensus analyst price target of $45.

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