JinkoSolar (NYSE: JKS ) suffered a widened quarterly loss, as revealed in the release of its fiscal Q4 and 2012 results. For the quarter, revenue for the China-based solar specialist was the equivalent of $187 million, down from $192 million in the same period the previous year. Net loss widened over that time span, to $122 million, or $1.38 per share, from Q4 2011's red figure of $59 million, $0.65.
The most recent quarter's numbers fell well short of analyst expectations, which were for $245 million in revenue and a per-share loss of $0.80.
For the full year, the top line was $770 million, a steep fall from the 2011 figure of $1.18 billion. The company swung into the red in 2012, posting a net loss of $248 million, or $2.79 per diluted share, against the previous year's profit of $44 million, $0.46.
JinkoSolar also provided forward guidance for its delivery figures. For its current Q1 2013, total module shipments are anticipated to be 270 to 300 megawatts. The company also believes it will "maintain in-house annual silicon wafer, solar cell, and solar module production capacity at approximately 1,200 MW each by the end of 2013."
5 Best Construction Material Stocks To Own For 2015: Hanwha SolarOne Co. Ltd.(HSOL)
Hanwha Solarone Co., Ltd., an investment holding company, engages in the manufacture and sale of silicon ingots, silicon wafers, and PV cells and modules. The company also offers mono crystalline and multi crystalline silicon cells; and provides PV module processing services. It sells its products to solar power system integrators and distributors primarily in Germany, Italy, Australia, the United States, the Czech Republic, Spain, and China. The company was formerly known as Solarfun Power Holdings Co., Ltd. and changed its name to Hanwha SolarOne Co., Ltd. in December 2010. Hanwha Solarone Co., Ltd. was founded in 2004 and is based in Qidong, the People?s Republic of China.
Advisors' Opinion:- [By Paul Ausick]
Stocks on the move: Nokia Corp. (NYSE: NOK) is up 31.5% at $5.13 on the announcement that Microsoft Corp. (NASDAQ: MSFT) will acquire the Finnish firm�� mobile phone business for $7.2 billion. Chinese solar energy stocks are getting a boost again today, with Hanwha SolarOne Co. (NASDAQ: HSOL) up more than 15.9% and ReneSola Ltd. (NYSE: SOL) up 14.9%.
Hot Solar Companies To Buy For 2014: Canadian Solar Inc.(CSIQ)
Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it and third party supplied components, such as inverters, racking system, and other accessories, as well as implements solar power development projects. The company sells its products under the Canad ian Solar brand name. Canadian Solar Inc. offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar projects; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. The company was founded in 2001 and is based in Kitchener, Canada.
Advisors' Opinion:- [By Anna Prior]
Fund management group DIF agreed to acquire four new solar power plants from a Canadian Solar Inc.(CSIQ) (CSIQ) subsidiary for an undisclosed sum.
General Electric Co.(GE) agreed to sell the so-called Vital Signs segment of its health-care operation to CareFusion Corp.(CFN) (CFN) for $500 million.
- [By Justin Loiseau]
Canadian Solar (NASDAQ: CSIQ ) announced today that it has won a contract to supply Asia-based Soleq Solar with modules totaling 91 MW for solar power for projects in Thailand.
- [By Paul Ausick]
Chinese solar companies are a different story. Many manufacture their own silicon wafers and sell silicon to other makers. Trina Solar Ltd. (NYSE: TSL), LDK Solar Co. Ltd. (NYSE: LDK), JA Solar Holdings Co. Ltd. (NASDAQ: JASO) and Canadian Solar Inc. (NASDAQ: CSIQ) all manufacture and sell solar ingots, wafers or cells.
Hot Solar Companies To Buy For 2014: LDK Solar Co. Ltd.(LDK)
LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. It offers solar-grade and semiconductor-grade polysilicon; and multicrystalline and monocrystalline solar wafers to the manufacturers of solar cells and solar modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, such as ingots and polysilicon scraps. In addition, it engages in the production and sale of solar cells and modules to developers, distributors, and system integrators; and design and development of solar power projects in Europe, the United States, and China, as well as provides engineering, procurement, and construction services. LDK Solar Co., Ltd. operates in Europe, the Asia Pacific, and North America. The company was founded in 2005 and is based in Xinyu City, t he People?s Republic of China.
Advisors' Opinion:- [By Rick Munarriz]
Thursday
Solar-energy stocks are rising again, and LDK Solar (NYSE: LDK ) will give alternative-energy investors a fresh snapshot on the state of solar on Thursday. Yes, the market's braced for a significant quarterly deficit, but we're talking about a lot less red ink than LDK Solar was sporting a year earlier. - [By Travis Hoium]
Today, LDK Solar (NYSE: LDK ) , which is the second largest maker of solar wafers, said it has "partially defaulted" on $23.8 million in bonds due yesterday. The company negotiated a settlement with holders of $16.6 million of the bond and is "ready and willing" to discuss a settlement with the others. �
- [By Travis Hoium]
What: After a two-day run-up in solar stocks, the party ended quickly, and every stock in the industry is dropping like a rock. Suntech Power (NYSE: STP ) led the declines by falling 23%, and LDK Solar (NYSE: LDK ) , Yingli Green Energy (NYSE: YGE ) , and JA Solar (NASDAQ: JASO ) all dropped at least 15%.
Hot Solar Companies To Buy For 2014: EMCORE Corporation(EMKR)
EMCORE Corporation, together with its subsidiaries, provides compound semiconductor-based products for the broadband, fiber optics, satellite, and solar power markets. The company operates in two segments, Fiber Optics and Photovoltaics. The Fiber Optics segment offers broadband products, including cable television, fiber-to-the-premises, satellite communication, video transport, and defense and homeland security products; and digital products comprising telecom optical, enterprise, laser/photodetector component, parallel optical transceiver and cable, and fiber channel transceiver products. This segment?s products enable information that is encoded on light signals to be transmitted, routed, and received in communication systems and networks. The Photovoltaics segment provides gallium arsenide (GaAs) multi-junction solar cells, covered interconnected cells, and solar panels for satellite applications; and concentrating photovoltaic (CPV) power systems for commercial and utility scale solar applications, as well as GaAs solar cells and integrated CPV components for use in other solar power concentrator systems. The company markets its products through its direct sales force, external sales representatives and distributors, and application engineers worldwide. EMCORE Corporation was founded in 1984 and is headquartered in Albuquerque, New Mexico.
Advisors' Opinion:- [By CRWE]
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, reported that it is ramping production and shipping the Opticomm-EMCORE NEXTGEN OTP-1DVI2A1SU insert cards for the Optiva platform.
Hot Solar Companies To Buy For 2014: Yingli Green Energy Holding Company Limited(YGE)
Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in the People?s Republic of China and internationally. The company offers PV cells, PV modules, and integrated PV systems, as well as polysilicon ingots, blocks, and wafers. It sells its PV modules to distributors, wholesalers, power plant developers and operators, and PV system integrators in Germany, the United States, Italy, China, Spain, the Netherlands, Greece, the Czech Republic, the United Kingdom, South Korea, and Japan under the Yingli and Yingli Solar brand names. The company also offers its integrated PV systems directly to end-users or to contractors for use in the electricity projects, as well as to mobile communications companies in the People's Republic of China. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the People? s Republic of China.
Advisors' Opinion:- [By Travis Hoium]
The largest manufacturer in China, Yingli Green Energy (NYSE: YGE ) , expects similar trends in the first quarter, with shipments falling 6% to 7% and gross margin between 4% and 4.2%. So, every company follows the same general trends on both the top and bottom lines.
- [By Travis Hoium]
Yingli Green Energy (NYSE: YGE ) was also the beneficiary of a $165 million loan agreement with the China Development Bank, which is owned by the Chinese government. This includes a one-year, $110 million loan and a three-year, $55 million loan for working capital needs. Yingli is one of the most indebted companies in the industry, but the government doesn't look like it is willing to let it fail. �
- [By Aaron Levitt]
That newfound focus on utility-sized projects has given CSIQ an edge over other solar stocks in the earnings department. For example, PV module only manufacturer Yingli Green Energy (YGE) fell hard when its earnings reported disappointed investors, as sales didn�� come meet expectations.
- [By Travis Hoium]
Shipment and margin trends aren't usually isolated to one Chinese solar manufacturer so it's easy to assume that other companies will see disappointing numbers in the first quarter. The first two to watch are Yingli Green Energy (NYSE: YGE ) and Canadian Solar� (NASDAQ: CSIQ ) , who round out the top three Chinese solar module suppliers with Trina. All three have high debt, low margins, and massive losses. �
Hot Solar Companies To Buy For 2014: DAQQ New Energy Corp.(DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon in China. The company sells its polysilicon to photovoltaic product manufacturers for use in the processing of ingots, wafers, cells and modules for solar power solutions. It also produces and sells mono-crystalline and multi-crystalline modules to photovoltaic system integrators and distributors in China and internationally under its Daqo brand. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered Wanzhou, the People?s Republic of China.
Advisors' Opinion:- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
Hot Solar Companies To Buy For 2014: Peabody Energy Corporation(BTU)
Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. The company owns interests in 30 coal mining operations located in the United States and Australia, as well as owns joint venture interest in a Venezuela mine. It is also involved in marketing, brokering, and trading coal. In addition, the company develops a mine-mouth coal-fueled generating plant; and Btu Conversion projects that are designed to convert coal to natural gas or transportation fuels; and clean coal technologies. As of December 31, 2011, it had 9 billion tons of proven and probable coal reserves. The company was founded in 1883 and is headquartered in St. Louis, Missouri.
Advisors' Opinion:- [By Dan Caplinger]
Cold like coal
Similar trends pushed coal producer Peabody Energy (NYSE: BTU ) down 45%. Coal producers have faced a number of challenges lately. Low natural-gas prices have made coal less desirable as a fuel for power production and other bulk needs, and an adverse regulatory environment in the U.S. has pushed most coal producers to turn to the export markets as their best source of potential demand. Yet as China's economy has slowed, Peabody in particular reaps less benefit from its strategically located reserves in Western Australia. Unless natural gas recovers all of its losses and makes coal more attractive, Peabody could continue to see pressure. - [By Taylor Muckerman and Joel South]
We have evidence in the form of second-quarter results from Peabody Energy (NYSE: BTU ) , Freeport-McMoRan Copper & Gold (NYSE: FCX ) and Southern Copper (NYSE: SCCO ) , all three of which hinted at where they believe the two industries are headed. Going over the conference calls, Motley Fool analyst Taylor Muckerman gathered a few interesting tidbits and discusses them with fellow analyst Joel South in the following video.�
- [By Taylor Muckerman and Joel South]
After a rough year in 2012, coal companies hope that they could bounce back a bit this year. In the latest deal between utilities and the coal industry, Duke Energy (NYSE: DUK ) has agreed to purchase between 1.7 million and 1.9 million short tons of coal from Peabody Energy (NYSE: BTU ) .
- [By Matt DiLallo]
Norfolk
The Norfolk area is home to coal-terminal operator Dominion Terminal Associates, among others. The facility is jointly owned by Peabody Energy (NYSE: BTU ) , Arch Coal (NYSE: ACI ) , and Alpha Natural Resources (NYSE: ANR ) , which use it to ship coal around the world. It's a state-of-the-art facility that features many environmental safeguards to keep the 1.7 million net tons of coal storage capacity from causing any environmental damage. Overall, coal exports provide significant economic benefits to Norfolk as well as the state of Virginia as a whole. It's estimated that coal exports contributed to more than 19,000 jobs to the state and added $2.5 billion in related economic value.�
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