Wednesday, July 31, 2013

Stocks to Watch –Solar stocks, August 1, 2013

Crude oil prices have been surging recently, and there is little sign that the momentum will be slowing down. Every time crude oil reaches these types of elevated levels, it seems that interest in alternative forms of energy also rise. Solar is one type of alternative energy that gets particular attention, and should be on investors' radar going into 2013. 
  
SunPower EPS beats by $0.37, revenue misses by $3M.
  • SunPower (SPWR): Q2 EPS of $0.48 beats by $0.37.
  • Revenue of $576.5M (-3% Y/Y) misses by $3M.
  • Expects Q3 revenue of $550M-$600M and EPS of $0.15-$0.35 vs. a consensus of $682.2M and $0.19.
  • Expects 2013 revenue of $2.5B-$2.6B and EPS of $1-$1.30 vs. a consensus of $2.57B and $0.77.

    • SunPower's (SPWR) Q2 EPS beat had much to do with a gross margin of 19.5%, -320 bps Q/Q but +480 bps Y/Y and well above guidance of 14%-16%. SunPower attributes the gains to cost reductions.
    • Full-year GM guidance is now at 18%-20%, above a prior 15%-17%. Q3 GM guidance of 17%-19%.
    • SunPower still expects to recognize 1GW-1.1GW in module shipments in 2013. 277MW were recognized in Q2, near the high end of a guidance range of 260MW-280MW. 240MW-260MW expected in Q3.
    • Q2 Americas sales (68% of revenue) -1% Y/Y. EMEA -31%. Asia-Pac +110%, thanks in part to 30% Q/Q growth in Japan.
    • Americas GM was 22.5% in Q2, -1000 bps Q/Q and +340 bps Y/Y. EMEA GM was 9.7% after being negative for three straight quarters. Asia-Pac came in at 16.6%.
    • All of SunPower's plants are running at 100% utilization.
    • Shares +391% YTD going into the report.
    • Q2 results, PR, slides, datasheet
You can also check previous stocks to buy reports- Right Here 

Below these are the  Solar stocks  I am follow on 2013.
  
Solar Stocks List 
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)

Smaller companies with Solar exposure:
•Energy Conversion Device (Nasdaq: ENER)
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)

Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)

Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)

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