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Posts Tagged ‘company results’

8 February 2012

Vestas 2011 revenue falls short of expectations, CFO quits

vestas1_170_170 Danish wind energy company Vestas recorded revenue of €5.8bn in 2011, significantly below the original forecast of €7bn and less than preliminary figures released in January, causing CFO and deputy CEO Henrik Nørremark to resign.

13 January 2012

Stock round-up: Wind shares steady despite Vestas newsp

The announcement from Danish wind energy giant Vestas that it is to cut its workforce by at least 2,300 was an ominous way for the sector to start the new year.

6 January 2012

Stock round-up: European renewable stocks look shaky amid market uncertaintyp

Vestas’ announcement scaling down its revenue forecast and the decision by Norway’s Renewable Energy Corporation to prolong its factory shutdown were discouraging New Year signs for European cleantech.

4 January 2012

Vestas’ profit cut sparks panic selling, but is the reaction overblown?p

vestas_sunny_170SQ Danish wind energy giant Vestas saw its share value drop by more than €2 as it cut its revenue and profit forecast in yesterday’s preliminary financial results.

3 January 2012

Vestas reveals preliminary 2011 financial results

Danish wind energy giant Vestas has released preliminary financial figures for 2011 showing an order intake of 7.4GW of turbines, worth around €7.3bn.

14 December 2011

First Solar revises down 2011 sales forecast

US-based First Solar has upgraded its 2011 financial guidance and is now predicting net sales in the range of $2.8bn to $2.9bn, compared to the original forecast of $3bn to $3.3bn.

12 December 2011

OPT reveals Q2 loss, increases order backlog

US marine energy developer Ocean Power Technologies made a second quarter operating loss of $3.9m, an improvement on the same three months last year when the figure was $5.5m.

29 November 2011

Impax Asset Management records 36% revenue rise in 2011

UK environmentally-focussed investment manager the Impax Asset Management Group has recorded a 36 per cent revenue rise to £20.9m so far this year.

23 November 2011

Yingli becomes another to record Q3 loss

Chinese photovoltaic manufacturer Yingli has recorded a third quarter net loss of RMB180.5m ($22.4m), compared to a second quarter profit of RMB375.6m($59m) and a RMB556.6m ($88m) income in the same period last year.

23 November 2011

Suntech becomes latest solar company to record quarterly loss

Chinese solar photovoltaic company Suntech has recorded a third quarter loss of $116.4m, an improvement on the $259.5m loss of the second quarter but down significantly on the $33.1m profit made in the same period last year.

22 November 2011

JinkoSolar becomes third Chinese company to record negative Q3

Chinese photovoltaic manufacturer JinkoSolar made a non-GAAP net loss of RMB 247.9m ($38.9m) in the third quarter of 2011, after having made a second quarter income of RMB286.5m ($45m) in the previous three months and positive RMB259.5m ($41m) in the third quarter 2010.

22 November 2011

LDK Solar makes $114m Q3 net loss

graph_down_170SQ Chinese photovoltaic manufacturer LDK Solar has recorded third quarter net sales of $471.9m, down slightly on the $499.4m loss made in the second quarter and significantly lower compared with the same period last year when the figure was $675.6m.

17 November 2011

Sunergy sees record shipment volume, despite net loss

Solar photovoltaic manufacturer China Sunergy has recorded third quarter revenue of $145.8m, a 1.3 per cent increase over the second quarter and a 15.9 per cent rise on the same period last year.

14 November 2011

SolarWorld posts Q3 net loss

Germany-based photovoltaic specialist SolarWorld posted a €238m revenue in the third quarter, 30 per cent down on the same period in 2010 when the figure was €342m.

14 November 2011

JinkoSolar revises down revenue and shipping expectations

jinko_170 Chinese photovoltaic manufacturer JinkoSolar has updated its guidelines for the quarter ending on 30 September with shipments and revenue expected to be slightly lower than previously forecast.

11 November 2011

KiOR records Q3 loss, attracts $53m investment

US biofuel developer KiOR made a net loss of $14.8m in the third quarter of 2011, compared to a $10.6m loss in the same period last year.

10 November 2011

AMSC makes $50m Q2 loss

US power technology specialist the American Superconductor Company recorded revenue of $20.8m for the second quarter of fiscal 2011, down significantly compared to $98.1m in the same period last year but an improvement on the first quarter’s $9.1m.

9 November 2011

Suntech expects order increase, puts expansion on hold

Chinese photovoltaic manufacturer Suntech has announced preliminary financial results for the third quarter with shipments during the period expected to be up 15 per cent on the second quarter.

9 November 2011

Vestas to make redundancies in 2012

vestas_turbines_170SQ1 Ditlev Engel, president and CEO of Danish wind energy company Vestas, made an announcement to staff this morning informing them of a plan to reduce fixed costs by at least an annual €150m by the end of 2012.

4 November 2011

SunPower records $370m Q3 loss, restructures company

US photovoltaic company SunPower has announced third quarter revenue of $705m, an almost 20 per cent increase compared to the second quarter's result of $592m and also up on the same period last year when the figure was $550m.

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