LDK Solar (LDK): Q3 net loss of $0.87/ADS misses by $0.44. Revenue of $471M (-30% Y/Y) misses by $71.9M More on LDK Solar (LDK) Q3: Swings to net loss of $114.5M from profit of $93.4M a year earlier. Results reflect a write-down of $47.3M on inventory because of a fall in demand, and the prices of wafers and modules. Estimates Q4 revenue of $440M-$520M vs. analyst estimates of $535.9M
JinkoSolar (JKS) is trading down after hours following Q3 report that beat revenue estimates but disappoined on a Y/Y basis. Earnings fell 74% as the Chinese solar-product maker saw higher prices weigh on its margins. The company guides Q4 revenue below estimates, now saying it expects to earn between $180M - $210M, below Street expectations for $244M. Shares -14.3% AH
JinkoSolar (JKS) is trading down after hours following Q3 report that beat revenue estimates but disappoined on a Y/Y basis. Earnings fell 74% as the Chinese solar-product maker saw higher prices weigh on its margins. The company guides Q4 revenue below estimates, now saying it expects to earn between $180M - $210M, below Street expectations for $244M. Shares -14.3% AH
Technical side JinkoSolar (JKS) has resistance at $4.55 and panl has support at $5.76
Keep on eye those below solar stocks:
First Solar (Nasdaq: FSLR)
Suntech Power (NYSE: STP)
Canadian Solar (Nasdaq: CSIQ)
SunPower (Nasdaq: SPWRA)
JA Solar (Nasdaq: JASO)
LDK Solar (NYSE: LDK)
Trina Solar (NYSE: TSL)
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