JA Solar Holdings (Nasdaq:JASO) added several more supply agreements, implying their recent strong third-quarter results have some sustainability to them.
Dr. Peng Fang, CEO of JA Solar, said, “Business momentum continues to be strong, with robust demand from existing and new customers across multiple geographies. Visibility of customer demand remains high and major client indications give us increased confidence in the prospect for 2011.”
Revenue for the quarter came in at $541 million, generating earnings of 47 cents a share.
Guidance for shipments was increased 1.35 gigawatts to 1.45 gigawatts.
Supply deals with multiple customers will go beyond 1.2 gigawatts in 2011, and prepayments have already come in for the agreements.
Showing posts with label Guidance. Show all posts
Showing posts with label Guidance. Show all posts
Wednesday, November 10, 2010
Monday, October 25, 2010
Demand for Caterpillar (NYSE:CAT) Products Look Good
Handily beating earnings estimates last quarter, Caterpillar (NYSE:CAT) has garnered some solid support for growth in the near term.
While maintaining a "Neutral" on the equipment maker, UBS (NYSE:UBS) raised their price target from $74 to $85, and their earnings estimate too.
"Given an improved demand outlook and demonstrated impact of cost takeouts, we are raising our 2011E EPS to $4.00, from $3.60, and raising our 2011E and 2012E to $5.70 and $7.50, from $4.50 and $6.00, respectively," said UBS.
Caterpillar said in a statement, "2010 is shaping up to be one of the most significant year-over-year increases in sales and revenues in our history."
More significantly, Caterpillar's guidance for sales in 2011, was strong, with revenue estimated to reach $50 billion for the full year. That's about a 20.5 percent boost from guidance last year.
Credit Suisse (NYSE:CS) said if margins increase by 20 percent or more incrementally, earnings per share for Caterpillar could reach $6 a share for the year.
Caterpillar closed Friday at $78.33, losing $0.56, or 0.71 percent.
While maintaining a "Neutral" on the equipment maker, UBS (NYSE:UBS) raised their price target from $74 to $85, and their earnings estimate too.
"Given an improved demand outlook and demonstrated impact of cost takeouts, we are raising our 2011E EPS to $4.00, from $3.60, and raising our 2011E and 2012E to $5.70 and $7.50, from $4.50 and $6.00, respectively," said UBS.
Caterpillar said in a statement, "2010 is shaping up to be one of the most significant year-over-year increases in sales and revenues in our history."
More significantly, Caterpillar's guidance for sales in 2011, was strong, with revenue estimated to reach $50 billion for the full year. That's about a 20.5 percent boost from guidance last year.
Credit Suisse (NYSE:CS) said if margins increase by 20 percent or more incrementally, earnings per share for Caterpillar could reach $6 a share for the year.
Caterpillar closed Friday at $78.33, losing $0.56, or 0.71 percent.
Monday, September 20, 2010
Macquarie Slashes Massey (NYSE:MEE) After Lower Guidance
After Massey Energy Company (NYSE:MEE) lowered its guidance, Macquarie downgraded the stock from "Outperform" to "Neutral."
Not only has the company lowered its outlook for shipments, but also expects a loss in the third quarter.
Massey's Chairman and CEO Don Blankenship said, "Our operations have continued to struggle since April. As we have noted earlier,
increasingly stringent enforcement actions by MSHA across our
operations and throughout the Central Appalachian region have resulted
in lost shifts and loss of productivity. In addition, our Revolution
longwall mine was idled in June for a planned longwall move but has
remained down pending approval of its ventilation plan. As a result of
these and other factors, we now expect our third quarter shipments to
approximate 10 million tons and we expect to report an operating loss
for the quarter."
Concerning guidance for 2011, Blankenship added, "We remain confident that we will achieve operational improvements going forward. As the Upper Big Branch investigation winds down, we have refocused management time and attention on our ongoing operations and we are initiating actions to improve productivity and re-establish operating consistency in all our mines. In addition, our early negotiations with metallurgical coal customers give us reason to expect pricing in 2011 will be favorable to what we have realized in 2010. Our guidance for 2011 remains unchanged."
Results for the third quarter will be released on after the close of the market on October 26, 2010.
Not only has the company lowered its outlook for shipments, but also expects a loss in the third quarter.
Massey's Chairman and CEO Don Blankenship said, "Our operations have continued to struggle since April. As we have noted earlier,
increasingly stringent enforcement actions by MSHA across our
operations and throughout the Central Appalachian region have resulted
in lost shifts and loss of productivity. In addition, our Revolution
longwall mine was idled in June for a planned longwall move but has
remained down pending approval of its ventilation plan. As a result of
these and other factors, we now expect our third quarter shipments to
approximate 10 million tons and we expect to report an operating loss
for the quarter."
Concerning guidance for 2011, Blankenship added, "We remain confident that we will achieve operational improvements going forward. As the Upper Big Branch investigation winds down, we have refocused management time and attention on our ongoing operations and we are initiating actions to improve productivity and re-establish operating consistency in all our mines. In addition, our early negotiations with metallurgical coal customers give us reason to expect pricing in 2011 will be favorable to what we have realized in 2010. Our guidance for 2011 remains unchanged."
Results for the third quarter will be released on after the close of the market on October 26, 2010.
Wednesday, September 15, 2010
AK Steel (NYSE:AKS) Plunges on Weaker Guidance
The overall steel industry is taking a big hit as companies downwardly revise their guidance in the wake of a weakening US economy. AK Steel (NYSE:AKS) joined the growing number of steel companies lowering guidance for the third quarter, and the stock price plummeted in response.
AK now expects a loss in the third quarter of $20 a ton, significantly down from the projected profits of close to $15 a ton.
Higher operating and raw material costs were cited as the reason for the lower guidance.
The steel company dropped to $13.60, falling $0.93, or 6.37 percent, as of 1:52 PM EDT.
AK now expects a loss in the third quarter of $20 a ton, significantly down from the projected profits of close to $15 a ton.
Higher operating and raw material costs were cited as the reason for the lower guidance.
The steel company dropped to $13.60, falling $0.93, or 6.37 percent, as of 1:52 PM EDT.
Tuesday, August 31, 2010
Goldman (NYSE:GS) Lowers Longer Term EPS Estimates for NRG Energy (NYSE:NRG)
While Goldman Sachs (NYSE:GS) increased the short term earnings estimate of NRG Energy (NYSE:NRG), over the next several years they've lowered earnings per share estimates from 2012 through 2014.
For the 2010-2011 year, EPS were increased from $2.12 to $2.14, to $2.45 to $2.99.
In 2012, EPS are estimated to be from $2.62 to $2.51; 2013, $2.34 to $2.25; and 2014, $1.86 to $1.69.
An increase in depreciation expenses also had the giant financial institution lower its long-term outlook for the Northeast segment, while lowering operating income to $47 million a year.
NRG Energy's latest quarterly results showed them with earnings of $693 million. They also raised their guidance for the full year from $2.2 billion to $2.45-2.55 billion.
For the 2010-2011 year, EPS were increased from $2.12 to $2.14, to $2.45 to $2.99.
In 2012, EPS are estimated to be from $2.62 to $2.51; 2013, $2.34 to $2.25; and 2014, $1.86 to $1.69.
An increase in depreciation expenses also had the giant financial institution lower its long-term outlook for the Northeast segment, while lowering operating income to $47 million a year.
NRG Energy's latest quarterly results showed them with earnings of $693 million. They also raised their guidance for the full year from $2.2 billion to $2.45-2.55 billion.
Monday, August 2, 2010
Barclays (NYSE:BCS) Keeps Linn Energy (Nasdaq:LINE) at "Overweight"
Barclays (NYSE:BCS) kept its rating on Linn Energy (Nasdaq:LINE) at "Overweight," noting the company continues to move along nicely.
The price target for Linn was increased from $30 to $33 a share.
"LINE continues to make progress in growing production and strengthening
distribution coverage ratios through a mix of acquisitions and drilling. Positive results from the Granite Wash could offer some upside to management's guidance later this year," said Barclays.
"We are revising our FY10 EBITDA/DCF per unit estimates to $4.80/$3.10 from $4.55/$2.95 and our FY11 EBITDA/DCF per unit estimates to $5.00/$2.90 from $4.60/$2.55."
Linn Energy closed Friday at $30.69, gaining $0.55, or 1.82 percent. Trading volume was below its 3-month average of 1,372,460.
The price target for Linn was increased from $30 to $33 a share.
"LINE continues to make progress in growing production and strengthening
distribution coverage ratios through a mix of acquisitions and drilling. Positive results from the Granite Wash could offer some upside to management's guidance later this year," said Barclays.
"We are revising our FY10 EBITDA/DCF per unit estimates to $4.80/$3.10 from $4.55/$2.95 and our FY11 EBITDA/DCF per unit estimates to $5.00/$2.90 from $4.60/$2.55."
Linn Energy closed Friday at $30.69, gaining $0.55, or 1.82 percent. Trading volume was below its 3-month average of 1,372,460.
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