30 Jan
Article Below was taken from Vestas PR story::
Engel said promises by Gordon Brown to creates thousands of new jobs in Britain and China’s intention to pump $70bn on electricity grid connections also gave him confidence for the future.
Vestas already employs 20,000 people, around double the figure four years ago.
The Global Wind Energy Council estimates there are now 400,000 people worldwide employed in the sector.
It told a World Future Energy Summit in Abu Dhabi that this figure could grow to 1 billion by the end of the decade.
But there were warnings this week from Wall Street with financial analysts saying both wind and solar firms were in for a rough ride.
“We believe that the most important theme in 2009 within the alternative energy space will be a move from severe undersupply to one of at least a more balanced market and potentially serious oversupply,” said Goldman Sachs analyst Jason Channell in a note to investors.
30 Jan
SunPower and First Solar clawed their way back into investors focus after SunPower delivered much stronger results than guided by management. Given that its always better to under promise and over deliver vs the other way around, SunPower stock closed up 12% today.
NEW YORK (AP) – SunPower Corp. shares jumped Friday as its fourth-quarter and full-year results beat expectations and its outlook, although lowered, failed to disappoint investors.
For the full-year the San Jose, Calif.-based company earned $92.3 million, or $1.09 per share, compared with $9.2 million, or 11 cents per share. Adjusted earnings per share were $2.28 per share. Analysts predicted $2.15 per share.
The company also lowered its 2009 earnings per share to between $1.40 and $1.90 from a prior estimate of $3.
30 Jan
SunPower today LOWERED guidance from $3 to $1.40 and the stock soared 10% based on great earnings for 2008. My gut tells me to short SunPower given they got nothing but tough road ahead given the financial crisis in the world. All the good news is out for SunPower. However, APWR needs to guide down based on they are behind on their 2009 wind production schedule and some DG contracts have been pushed back or postponed. End of 2008, APWR guided down missing revenues by 75 million due to postponed projects and the stock dropped 15% and then came roaring back with the GE press release. All analysts who cover APWR have guided down already and the estimates are about 400 million per year different than management of APWR. Why can APWR management live in China and not understand how to manage shareholders of an American company trading in USA but yet the factories are located in China??? Management of APWR still have a billion of revenues for 2009 and a profit of around $2 per share. Sure they could still deliver these type numbers if some ridiculous amount of new contracts and new work were signed an booked for 2009. Shareholders live in reality and expect management of APWR to deliver realistic results and guidance. I hope I am put to shame with final numbers way above my revised estimates which mirror Roth Capital and Jesup and Lamont, its time for APWR management to come clean and maintain honest transparency with their currrent shareholders cause you can deceive me once (Dec 29th, 2008) but you wont get a third chance if you blow 1Q09 without guiding down and being honest and realistic!!
NEW YORK (AP) – SunPower Corp. shares jumped Friday as its fourth-quarter and full-year results beat expectations and its outlook, although lowered, failed to disappoint investors.
For the full-year the San Jose, Calif.-based company earned $92.3 million, or $1.09 per share, compared with $9.2 million, or 11 cents per share. Adjusted earnings per share were $2.28 per share. Analysts predicted $2.15 per share.
The company also lowered its 2009 earnings per share to between $1.40 and $1.90 from a prior estimate of $3.
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