FuelCell Reported Q3 Results, Top Line Up 65% YoY

- FuelCell Reported Q3 Results, Top Line Up 65% YoY



Sep 7, 2011

FuelCell Energy (NASDAQ:FCEL) reported a Q3 loss of $0.07 per share, narrower than consensus estimates for a loss of $0.09 per share. Revenues for the quarter rose 65.1% year-over-year to $31.2 million, topping consensus estimates of $29.0 million.

Chip Bottone, President and CEO of FuelCell Energy, Inc said, "The team at FuelCell Energy achieved an important milestone this quarter by generating a gross margin for the first time since we began the commercialization process of Direct FuelCells. We are executing our revenue growth plan and benefitting from operating leverage that is driving down costs. We have record product and service backlog of $230.6 million and we are producing at a record rate and have substantially increased our production run rate to a level of 56 megawatts annually compared to 22 megawatts of production for fiscal year 2010."

FuelCell Energy has a potential upside of 186.4% based on a current price of $1.03 and an average consensus analyst price target of $2.95.

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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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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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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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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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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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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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