The quarterly results of Yingli (NYSE:YGE) and SunPower (Nasdaq:SPWRA), along with solid guidance, is pulling up the overall solar sector today, including First Solar (Nasdaq:FSLR), LDK (NYSE:LDK), JA Solar (Nasdaq:JASO), First Solar (Nasdaq:FSLR) and Suntech Power (NYSE:STP).
For Yingli, they concentrated on shipments in their guidance, with a full year 2011 estimate of 1,700 to 1,750 megawatts, which equals an increase of 60.1 percent to 64.8 percent over full year 2010.
SunPower gave a full year 2011 EPS estimate of $2.00 to $2.20 a share, on revenue of $2.80 to $2.95 a share. Consensus is for EPS of $1.87 and revenue of $2.77 billion.
Concerns still remain in place for the solar sector concerning subsidies, which European countries like Italy and Germany have implied they may cut back on in 2011.
Friday, February 18, 2011
Solar's Up on Yingli (YGE), SunPower (SPWRA) Results, Guidance
Labels:
First Solar,
JA Solar,
LDK Solar,
Sunpower,
Suntech,
Yingli Energy
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