Earnings season is in full swing, and solar stocks have been crushing it across the board.
After all, you don’t get stock performance like this unless margins and income are increasing…
With those gains in mind, here’s a brief look at the highlights of recent solar earnings reports.
Can you spot the pattern?
JinkoSolar (NYSE: JKS), Reported November 1st
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Q3 revenue grew 261%
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Gross profit up 706%
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Raised Q4 guidance above analyst estimates
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Shares up 225% since May
GT Solar (NASDAQ: SOLR), Reported November 7th
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Q2 net income more than quadrupled
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Revenue doubled
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Earnings per share beat analyst estimates by $0.04
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Raised full-year revenue guidance by $75 million
Renesola (NYSE: SOL), Reported November 5th
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Record Q3 revenue of $358.7 million
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Gross margin increased tenfold
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Upped Q4 shipment guidance
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Spending $150 million to expand capacity
LDK Solar (NYSE: LDK), Reported November 8th
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Q3 earnings per share up 167%
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Net sales up 140%
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Raised Q4 sales guidance by more than $100 million
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Forecast 2011 sales of $3.0 billion
Solarfun (NASDAQ: SOLF), Reported November 9th
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Q3 revenue rose twofold to $327 million
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Earnings per share $0.20 higher than estimates
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Shipments doubled in the quarter
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Upped full-year shipments to 785 MW
JA Solar (NASDAQ: JASO), Reported November 9th
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Q3 earnings quadrupled to $0.47 per share
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Revenue grew 180%
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Raised full-year shipments to 1.45 gigawatts
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Expects strong demand in 2011
And there are plenty of solar stocks yet to report, which means there’s still time to squeeze out some profits.
Here’s a quick reference guide for solar stocks with earnings in the next few weeks:
Solar Stock |
Date |
Daqo New Energy (NYSE: DQ) |
November 12th |
STR Holdings (NYSE: STRI) |
November 12th |
Chinese Sunergy (NASDAQ: CSUN) |
November 15th |
Trina Solar (NYSE: TSL) |
November 15th |
Suntech Power (NYSE: STP) |
November 17th |
Canadian Solar (NASDAQ: CSIQ) |
November 18th |
Yingli Green Energy (NYSE: YGE) |
November 19th |
Your turn
Next year is looking pretty good for solar as well. JA Solar, Solarfun, and others have already announced drastic capacity expansion to keep up with demand.
If you haven’t already, you should consider making solar a permanent part of your portfolio. These stocks are up as much as 200% in the past six months, and many analysts are expecting even higher returns…
Jefferies & Co. has a $42.00 price target on Trina Solar. That stock trades for $26.00 today.
The same investment bank has a $14.00 price target on JA Solar. It’s going for less than $9.00 today.
You get the idea.
It’s your turn to cash in on these explosive solar profits…
And one of the best ways to do just that can be found in our new solar investment webinar.
It discusses a solar technology recently featured on CNBC as a “Fuel of the Future.” It’s up to 300% more efficient than traditional solar panels, and can be sprayed on any window — instantly turning it into a solar panel.
The stock is trading for around a dollar. It’s already up 80% since the CNBC mention, but we’re anticipating another 595% in a few years’ time…
Learn more about the technology — and the company behind it — by clicking here…
And make the fuel of the future a part of your portfolio today.
Call it like you see it,
Nick