Maxwell Technologies, Inc. (NASDAQ:MXWL) Barely Moves Despite Earnings Announcement and Restructuring Plans

Maxwell Technologies, Inc. (NASDAQ:MXWL)

Maxwell Technologies, Inc. (NASDAQ:MXWL) reported, after the close of the market’s regular session, operational and financial results for the three months ended December 31, 2016. Results were generally in line with analyst expectations and MXWL shares barely moved in the after-market – down 1.57% to $5.00. Also announced with Q4 earnings were corporate actions which will likely have a large influence on future earnings.

Total revenues for Q4 2016 were $26.4 million, compared with $25.5 million for Q3 2016 and $49.8 million for the same quarter of the prior year. Net loss for Q4 2016 was $12.2 million, compared with a net loss of $6.9 million for Q3 2016 and a net loss of $2.2 million for the prior year quarter.

San Diego, CA-based Maxwell Technologies, Inc. (NASDAQ:MXWL) develops, manufactures, and markets energy storage and power delivery products globally. The company also provides radiation-hardened microelectronic products consisting of single board computers and components comprising high-density memory and data conversion modules for satellites and spacecraft applications.

Also announced today was the news that Maxwell Technologies, Inc. (NASDAQ:MXWL) will purchase the operating entities of Nesscap Energy, Inc., a developer and manufacturer of ultracapacitor products for use in transportation, renewable energy, industrial and consumer markets, for an aggregate purchase price of $23.175 million, payable in common shares that are subject to a 10% collar adjustment at close. Maxwell expects to benefit from synergies between the two companies that will accelerate revenue and earnings growth, increase the pace of innovation, and create a broader and more advanced product portfolio.

Maxwell Technologies, Inc. (NASDAQ:MXWL) also announced a global restructuring plan which includes a reduction-in-force as well as a consolidation of their manufacturing and supply chains. The company is, however, expanding in one area – the Chinese bus market. Maxwell expanded their agreement with CRRC Qingdao Sifang Rolling Stock Research Institute Co. Ltd. which localizes the manufacturing of ultracapacitor-based modules for use in the China-based bus market.  

2/28/2017
Ticker Symbol MXWL
Last Price a/o 7:53 PM EST  $                      5.00
Average Volume                    166,310
Market Cap (mlns)  $                  161.04
Sales (mlns) $144.70
Shares Outstanding (mlns) 31.7
Share Float (mlns) 31.14
Shortable Yes
Optionable Yes
Inside Ownership 0.70%
Short Float 6.13%
Short Interest Ratio 11.49
Quarterly Return -2.50%
YTD Return -0.78%
Year Return -11.34%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

 

Ideal Power Inc. (NASDAQ:IPWR) Releases Earnings and Announces New Raise

Ideal Power Inc. (NASDAQ:IPWR) 

Austin, TX-based Ideal Power Inc. (NASDAQ:IPWR) released Q4 2016 and full year results. Ideal Power lost $0.29/share in Q4 which was better than the analyst estimates of $0.29. However Q4 revenue missed badly – $371,000 vs. estimates of $1.4 million. For the year, the company reported that its loss widened to $11 million, or $1.15 per share. Revenue was reported as $1.6 million.  

Also announced yesterday was a definitive securities purchase agreement with various accredited investors, including all of Ideal Power’s executive officers and directors, to raise gross proceeds of approximately $15 million in a private placement of common stock and warrants to purchase common stock. In addition, Ideal Power Inc. (NASDAQ:IPWR) has agreed to sell to a group of affiliated investors whose purchase of common stock would have resulted in such investors beneficially owning more than 9.99% of the company’s outstanding common stock immediately following the offering, shares of the company’s newly designated Series A Convertible Preferred Stock in lieu of common stock. Each share of such preferred stock is convertible, subject to certain limitations, into one share of common stock. Each share of common stock or preferred stock, together with a warrant to purchase one share of common stock, is being sold at a per share price of $2.535. The warrants will have an exercise price of $2.41 per share, are non-exercisable for the first six months and will expire three years from the date of issuance. 

Ideal Power Inc. ( NASDAQ:IPWR ) is a technology company dedicated to advancing electric power conversion. The company has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ (PPSA™). PPSA™ improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA™ can scale across several large and growing markets, including solar PV, variable frequency drives, battery energy storage, mobile power and microgrids, and electric vehicle fast charging. Ideal Power Inc. ( NASDAQ:IPWR ) is also developing and has patented a bi-directional, bi-polar junction transistor (B-TRAN™) which has the potential to dramatically increase bi-directional power switching efficiency and power density. Ideal Power employs a capital-efficient business model which enables the company to address several product development projects and markets simultaneously. 

2/28/2017
Ticker Symbol IPWR
Last Price a/o 4:01 AM EST  $                      2.85
Average Volume                      51,000
Market Cap (mlns)  $                    22.92
Sales (mlns) $2.20
Shares Outstanding (mlns) 9.55
Share Float (mlns) 8.13
Shortable Yes
Optionable No
Inside Ownership 17.14%
Short Float 3.78%
Short Interest Ratio 6.04
Quarterly Return -45.58%
YTD Return -27.27%
Year Return -51.61%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Is Chesapeake Energy Corporation (NYSE:CHK) Going Anywhere?

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation (NYSE:CHK) posted largely feeble financial results for Q4 2016, which it reported on February 23. Revenue of $2.02 billion fell 24% from a year earlier quarter and also came short of the average revenue estimate of analysts polled by Reuters. Analysts were expecting the company to generate revenue of $2.08 billion for the quarter. The adjusted EPS of $0.07 that Chesapeake posted in Q4 2016 was in line with expectations.

Chesapeake’s results in the latest quarter were hurt by weaker prices and lower volumes. Unprofitable hedging also caused an adverse impact on the company’s earnings. Oil companies struggled with falling prices of the commodity for nearly two years amid a global supply glut. However, a landmark deal by the OPEC last year brought hope of price recovery in the oil market as members of the cartel agreed to cap their output. However, price recovery has been slow.

The nearly two years of downbeat oil prices not only impacted earnings at Chesapeake, but also left the company deep in the red. The company exited Q4 2016 with net long-term debt of more than $9.9 billion, offset by cash balance of $882 million.

What happens next?

While Chesapeake Energy Corporation (NYSE:CHK) fell short of providing clear assurance that 2017 would be a great year, the management provided several hints that the company is steadily regaining its footing and the coming years should be better. Though investors should be aware that any unexpected developments in the oil market that cause further and prolonged price declines could send the management of Chesapeake back to the drawing board.

As much as Chesapeake struggled with lower volumes and weak prices, it still managed to cut its operating expenses for Q4 2016 by 58.4% from a year earlier to $2.3 billion. That helped the company to narrow its GAAP net loss to $741 million from $2.23 billion a year earlier.

The management also addressed the issue of declining volumes, saying that it will try to reverse the trend starting in the back half of the year.

Production target

Chesapeake Energy Corporation (NYSE:CHK) hopes to produce between 532,000 and 562,000 barrels of oil equivalent per day (boepd) in 2017 despite narrowing its capital budget for the year as part of cost controls.

The management expects to cut the company’s debt by $2 – $3 billion over the next few years. Asset sales are expected to contribute toward the cost reduction.

Stock movement

Chesapeake Energy Corporation (NYSE:CHK)’s feeble quarterly earnings combined with concerns over the company’s huge debt sent the shares down nearly 2.9% to $5.75 in the last session. The stock is down more than 18% so far in 2016, but has gained more than 180% over the last 12 months.

2/23/2017
Ticker Symbol CHK
Last Price a/o, 4:02PM EST  $                       5.75
Average Volume (mlns) 44.58
Market Cap (blns)  $                  5.09
Sales (mlns) $9.93
Shares Outstanding (mlns) 884.48
Share Float (mlns) 878.95
Shortable Yes
Optionable Yes
Inside Ownership 1.00%
Short Float 12.67%
Short Interest Ratio 2.50
Quarterly Return -9.59%
YTD Return -18.09%
Year Return 113.75%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Can Canadian Solar Inc. (NASDAQ:CSIQ) Do Better in 2017?

Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ), like many other solar companies, had a tough year in 2016.  Can 2017 be better?

Canadian Solar is due to report its 4Q16 earnings on March 9, which might provide clues about how 2017 could turn out to be for the company. In 2016, the company struggled with tepid demand for solar panels because of a shortage of incentives to solar buyers from governments. Additionally, oversupply of panels led prices lower, making it difficult for panel manufacturers to meet their growth projections.

As a result, Canadian Solar Inc. (NASDAQ:CSIQ) posted downbeat earnings for 3Q16, its most recent quarterly report. Revenue of $657.3 million came short of consensus estimate by $28 million. Furthermore, the revenue declined 23% from a year earlier. Soft demand for panels and weak pricing environment contributed to the revenue shortfall.

That led Canadian Solar Inc. (NASDAQ:CSIQ) to report EPS of $0.27, barely in-line with the consensus estimate.

The troubles in the solar industry in 2016 were also responsible for the nearly 60% drop Canadian Solar’s share price in the year. However, in what signals a positive start to 2017, shares of Canadian Solar Inc. (NASDAQ:CSIQ) are already up more than 25% so far this year. The stock rose nearly 9% to $15.36 in the last session.

Hope for a better 2017

The gains in the stock seem to stem from investors growing more optimistic that 2017 will be a better year for Canadian Solar Inc. (NASDAQ:CSIQ). Part of the reason for optimism comes from expectations that Canadian Solar will find good market for the various projects it has earmarked for sale.

Instead of creating a yieldco, Canadian Solar said it would monetize about $2 billion worth of project assets. It has sold several projects already, including recent sale of three utility-scale solar farms to a unit of Fengate Real Asset Investments. The transaction involving the three solar farms was valued at more than $195 million. Canadian Solar said gains from the transaction will be reflected in its 1Q17 results.

But Canadian Solar Inc. (NASDAQ:CSIQ) has more assets to monetize. About $1.2 billion worth of project assets remain to be sold.

The sale of the assets will yield cash that Canadian Solar can funnel to more growth in 2017 or distribute to shareholders. The cash injection from assets monetization would also ease pressure on Canadian Solar in case recovery in solar industry remains slow in 2017.

Industry growth

Though 2016 was a tough year for solar companies, solar power industry is expected to continue growing thanks to regulatory requirements around greenhouse emissions. Falling panel prices is also expected to encourage uptake of solar power system, leading to more demand for Canadian Solar Inc. (NASDAQ:CSIQ) products and projects.

Canadian Solar Inc. (NASDAQ:CSIQ) has several projects in the pipeline.

2/21/2017
Ticker Symbol CSIQ
Last Price a/o, 4:02PM EST  $                       15.36
Average Volume (mlns)                    1.27
Market Cap (mlns)  $                  837.89
Sales (mlns) $3.30
Shares Outstanding (mlns) 54.55
Share Float (mlns) 45.25
Shortable Yes
Optionable Yes
Inside Ownership 31.00%
Short Float 12.31%
Short Interest Ratio 4.4
Quarterly Return 31.51%
YTD Return 26.11%
Year Return -26.86%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Tronox Limited (NYSE:TROX) Buys/Sells Operations & Market Responds Directly

Tronox Limited (NYSE:TROX)

Tronox Limited (NYSE:TROX) shares gapped to open the day at $17.50, hit a high of $19.79, and continue to trade in the $19 handle well into trading. Tonox released earnings that met with street approval, however the bigger news was the announcement that the company has agreed to buy Cristal’s Titanium oxide business for $1.673 billion in cash and stock equal to 24% ownership in Tronox. Titanium oxide is used in coatings, paper, and plastics.

To help finance the acquisition, Tronox Limited (NYSE:TROX) will divest itself of its Wyoming-based alkali mine, the world’s largest, that produces soda ash used in the production of glass, detergents, chemicals, and water treatment. On news of the deal(s), Moody’s Investors Service placed the B2 ratings of Tronox Limited (NYSE:TROX) on review for upgrade.

Tronox Limited already operates some titanium oxide mines and processes titanium ore, zircon and other minerals, and manufactures titanium oxide pigments. The business operates mines and mineral processing plants in South Africa and Australia, and pigment manufacturing plants in the United States, the Netherlands, and Australia.

Australia-based Tronox Limited (NYSE:TROX) reported its Q4 2016 results before the market opened today. The company posted net income of $122 million, after reporting a loss for the same quarter last year. Tronox had profit of $1 on a per share basis. Losses, adjusted for pretax gains and restructuring gains, were $0.14/share and revenues were $548 million for the period. For 2016, the company reported that its loss narrowed to $59 million, or $0.50/share. Revenue was reported as $2.1 million. Tronox Limited (NYSE:TROX) is up 40% YTD and up over 300% in the past year. Combined with the acquisition news, the earings were welcomed by the market and trading is up heavy – seven times the average daily volume. TROX shares are up over 30%.

Tronox Limited (NYSE:TROX) is trading over 30% above it 52-week high and 540% above its 52-week low. Traders are paying close attention to TROX’s Relative Strength Index (RSI) which is currently sitting well above 85.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Marc has a degree in economics and a MSc. in Finance. Over his 20 year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Can Gold Resource Corporation (NYSE:GORO) Cash In On Global Economic Uncertainty?

Gold Resource Corporation (NYSE:GORO) recently updated the public on the expansion of its Arista Mine in Mexico. The company said it expanded the mine’s Switchback vein system through additional step-out drill intercepts. Gold Resource added that the additional step-out extended the mine’s total strike length to more than 575 meters. That signals a 275 meters expansion since January 1.

“We are thrilled to add another 75 meters on strike of high-grade veins at our Switchback vein system,” Gold Resource’s CEO Jason Reid commented on the development.

Boosting mine output

The expansion of Arista Mine is part of the efforts to boost output at the mine. Gold Resource Corporation (NYSE:GORO)  is a producer of gold and silver.

Gold, considered a safe haven asset by traders, gains when markets are gripped by uncertainty. Prices of the yellow metal have risen more than 7% since the beginning of the year. Some analysts have pointed out that uncertainty over Donald Trump’s presidency could buoy gold. The president’s controversial policies such as a travel ban that targeted citizens of certain Muslim countries and anti-Globalism sentiments could give way to global economic uncertainty that allows gold to thrive. In that case, Gold Resource would benefit from increased demand for gold at a higher price.

However, strong demand for gold in an uncertain economic environment could also encourage other gold producers to step up their production, potentially leading to a supply glut that could destroy prices.

Staying out of controversies

As such, for Gold Resource, gaining from a gold rally would largely depend on how the company keeps down its costs while ramping up production and stays out of controversies.

The company has recently reported mine accidents that are under investigations by the company itself and the authorities in Mexico. Gold Resource could be slapped with fines if investigations reveal that failure to comply with certain workplace regulatory requires led to the accidents.

In a move aimed at increasing Gold Resource’s capacity the company, in January, announced completing acquisition of 100% of East Camp Douglas Property for $2 million.

Shareholder returns

Gold Resource Corporation (NYSE:GORO) recently updated that it has returned $109 million to its shareholders through monthly dividends since it began commercial production in July 2010. Shareholders of Gold Resource are given the option to take their dividends in the form of gold and silver instead of cash.

Earnings above expectations

Gold Resource Corporation (NYSE:GORO) reported Q3 2016 EPS of $0.03, sharply up from EPS loss of $0.01 a year earlier. Revenue of $21.4 million in the most recent quarter rose from $19.4 million in the prior year.

Shares of Gold Resource have risen more than 36% year-to-date, and are up more than 240% since the last 12 months.

 

2/17/2017
Ticker Symbol GORO
Last Price a/o, 4:02PM EST  $                        5.92
Average Volume (mlns) 1.01
Market Cap (mlns)  $                   342.83
Sales (mlns) $86.60
Shares Outstanding (mlns) 57.91
Share Float (mlns) 54.55
Shortable Yes
Optionable Yes
Inside Ownership 2.00%
Short Float 2.66%
Short Interest Ratio 1.43
Quarterly Return 32.29%
YTD Return 36.19%
Year Return 242.97%

Southcross Energy Partners, L.P. (NYSE:SXE) Shares Pushing Back Against Analysts

Southcross Energy Partners, L.P. (NYSE:SXE)

Southcross Energy Partners, L.P. (NYSE:SXE) shares are up over 15% on heavy volumes. SXE ended yesterday’s trading at $2.26 but hit a high today of $2.74 – a 20% move. The uptick came in conjunction with volumes nearing 880k thousand shares – average daily volumes are under $200k.

Dallas, TX-based Southcross Energy Partners, L.P. (NYSE:SXE) is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include two gas processing plants, one fractionation plant and approximately 3,100 miles of pipeline.

Southcross Energy Partners, L.P. (NYSE:SXE) did not fare well in 2015. SXE shares dropped from just over $20 to less than $1. In 2016, four notable financial firms downgraded the shares. However for the past quarter, SXE is up over 66%; for the past year SXE is up 276%; and for year-to-date SXE shares are up over 67%.

On January 9, 2017 Southcross Energy Partners, L.P. (NYSE:SXE) announced a change in leadership. Bruce A. Williamson, currently the Executive Chairman of Holdings and a director of the Southcross general partner, was been named President and Chief Executive Officer of both Holdings and Southcross’ general partner. Mr. Williamson has over 35 years of experience encompassing all facets of the energy value chain with Shell Oil Company, PanEnergy Corporation, Duke Energy, Dynegy, and Cleco Corporation.  He also brings a strong record of accomplishment as a CEO delivering shareholder value through transformation, restructuring, capital allocation, asset transactions and mergers.

Southcross Energy Partners, L.P. (NYSE:SXE) sales dropped from 2014 ($848.5 million) to 2015 ($698.5 million) but are still above levels experienced between 2011 and 2013. Earnings on a per share basis have been negative for the past five years with 2015 reporting a loss of $1.32.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/16/2017
Ticker Symbol SXE
Last Price a/o 3:22 PM EST  $                      2.66
Average Volume                    198,800
Market Cap (mlns)  $                  140.05
Sales (mlns) $554.80
Shares Outstanding (mlns) 61.97
Share Float (mlns) 10.27
Shortable Yes
Optionable Yes
Inside Ownership 0.50%
Short Float 1.40%
Short Interest Ratio 0.72
Quarterly Return 66.18%
YTD Return 67.41%
Year Return 276.67%

Solar Edge Technologies, Inc. (NASDAQ:SEDG) Will It Win the Shorts Battle?

Solar Edge Technologies, Inc. (NASDAQ:SEDG)

Solar Edge Technologies, Inc. (NASDAQ:SEDG) ended Tuesday’s after-hours trading session at $15.35 – up over 14% from Monday’s close. The gain was attributed to the earnings release which showed an 11.5% YoY decline in revenues, a 13.8% gain in gross margins, a 35% decrease in net income, and a 37.5% reduction in net diluted EPS. Total revenues for 2016 improved over 2015. Results missed analyst’s EPS (-$0.01) and revenue (-$4.32 million) estimates.

Solar Edge Technologies, Inc. (NASDAQ:SEDG) develops and sells solar power products and services to global commercial and residential clients. The SolarEdge system consists of inverters, power optimizers, storage solutions, and a cloud-based monitoring platform. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Israel.

2016 was a good year for the American solar industry. In terms of megawatts, the market nearly doubled its output last year. Solar energy ranked #1 in terms of new power generation and non-residential installations surpassed residential installations for the first time since 2011.

Still, investors don’t seem convinced. Solar Edge Technologies, Inc. (NASDAQ:SEDG) is among the sector’s most heavily shorted companies. According to Markit data, both Solar Edge Technologies, Inc. (NASDAQ:SEDG) and Sunpower Corporation (NASDAQ:SPWR) have 16.7 percent of their shares outstanding on loan to short sellers. Short interest in Sunpower is higher by 5 percent over the past month.

Interestingly, the day after the 2016 U.S. Presidential election, four analysts downgraded their ratings on Solar Edge Technologies, Inc. (NASDAQ:SEDG). This is likely due to the potential elimination of beneficial tax policies that the solar industry has enjoyed.

Solar Edge Technologies, Inc. (NASDAQ:SEDG) has impressive business performance over the past five years. In 2012, the company reported sales of $75.4 million and improved that figure to $489.8 million in 2016. SEDG shareholders shared in that improvement. In 2012 Solar Edge Technologies, Inc. (NASDAQ:SEDG) posted a loss of $0.73, but in 2016 EPS was and impressive $1.92.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/14/2017
Ticker Symbol SEDG
Last Price a/o 7:59 PM EST  $                    15.35
Average Volume                    687,600
Market Cap (mlns)  $                  573.66
Sales (mlns) $503.30
Shares Outstanding (mlns) 39.7
Share Float (mlns) 39.11
Shortable Yes
Optionable Yes
Inside Ownership 2.20%
Short Float 21.38%
Short Interest Ratio 12.16
Quarterly Return 8.24%
YTD Return 16.53%
Year Return -45.64%

Ballard Power Systems (NASDAQ:BLDP) Shares Jump on Consortium Membership

Ballard Power Systems Inc. (NASDAQ:BLDP)

Ballard Power Systems Inc. (NASDAQ:BLDP) announced its membership in California’s “Fuel Cell Electric Bus Commercialization Consortium” (FCEBCC). This consortium will receive funding for the deployment of 20 zero-emission hydrogen fuel cell electric buses at two California transit agencies. Ten buses are to be deployed each with the Alameda Contra-Costa Transit District the Orange County Transportation Authority. News of the deal sent BDLP shares up almost 7% in after-hours trading on light volume.

Ballard will be providing 20 of its FCveloCity®-HD 85-kilowatt fuel cell engines to New Flyer of America Inc., a subsidiary of New Flyer Industries Inc. (“New Flyer”), the largest transit bus and motor coach manufacturer and parts distributor in North America. Ballard’s engines will power New Flyer 40-foot Xcelsior XHE40 fuel cell buses, which are planned to be delivered and in-service with AC Transit and OCTA by the end of 2018. The buses are to be supported by advanced hydrogen fueling infrastructure provided by The Linde Group.

Ballard Power Systems Inc. (NASDAQ:BLDP) has powered buses for over a cumulative 10 million kilometers (6.2 million miles) in revenue service – more than any other fuel cell company – and New Flyer has been very active in the North American fuel cell electric bus market. These efforts have contributed to improving the durability and reliability of these buses while demonstrating fuel economy 1.4x higher than diesel buses and 1.9x higher than CNG (compressed natural gas) buses.

Ballard Power Systems Inc. (NASDAQ:BLDP) sales slipped in 2015 from 2014 when it posted $68.7 million, In 2015 Ballard Power Systems Inc. (NASDAQ:BLDP) posted a sales figure of $56.5 million. BLDP shareholders have not experienced positive EPS in the last five years. In 2011 there was an EPS loss of $0.44, followed by losses of $0.48, $0.20, $0.22, and $0.04 respectively. Analysts from four firms follow Ballard Power Systems Inc. (NASDAQ:BLDP) and three rate BLDP as a “Strong Buy” while one rates the shares as a “Hold”. The consensus price target for BLDP is $3.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/13/2017
Ticker Symbol BLDP
Last Price a/o 5:34 PM EST  $                      2.01
Average Volume                    634,500
Market Cap (mlns)  $                  335.77
Sales (mlns) $74.60
Shares Outstanding (mlns) 168.73
Share Float (mlns) 156.87
Shortable Yes
Optionable Yes
Inside Ownership 0.50%
Short Float 3.17%
Short Interest Ratio 7.84
Quarterly Return 3.65%
YTD Return 20.61%
Year Return 56.69%

Sky Solar Holdings Ltd. (Nasdaq: SKYS) Report Earnings and Shares Gain 50%+

Sky Solar Holdings, Ltd. – Nasdaq: SKYS

Shares of Sky Solar Holdings (Nasdaq: SKYS) rocketed this morning – at one point trading at double yesterday’s closing price. The Hong Kong based firm announced its financial results for the third quarter of 2016 ended September 30, 2016. Among the Q3 2016 highlights were: total revenue up 93.4% over same period last year; electricity revenue up 58.8% over same period last year; adjusted EBITDA up over 466% over same period last year; and a plethora of solar projects in the pipeline.

Shares of Sky Solar Holdings (Nasdaq: SKYS) ended yesterday at $1.79 but the financial release sent the shares gapping up to open at $2.81 and they reached a high of $3.62 before pulling back below $3. Average volumes for SKYS were posted at just over 37k, but today volumes are already over 6.7 million before lunch.

Sky Solar Holdings is a global independent power producer that develops, owns, and operates solar parks around the world. The company has a broad geographic reach and established solar parks in Asia, South America, Europe, North America, and Africa. Interestingly, Sky Solar Holdings (Nasdaq: SKYS) is technology agnostic and can customize its solar parks based on local environmental and regulatory requirements.

Sky Solar Holdings (Nasdaq: SKYS) sales have been erratic. In 2012 Sky Solar reported sales of $203.8 million however that figure dropped to $47.2 million for 2015. EPS for SKYS shareholders has been no less unpleasant. In 2012 Sky Solar posted an EPS of $0.49, in 2014 that dropped to a loss of $1.72, and in 2015 EPS for SKYS shares was a smaller loss of $0.03.

Two firms follow Sky Solar Holdings. They both rate shares of SKYS as a “Strong Buy” with a price target of $6.50.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/9/2017
Ticker Symbol SKYS
Last Price a/o 11:36 AM EST  $                      2.80
Average Volume                      37,150
Market Cap (mlns)  $      6,716,065.00
Sales (mlns) $48.60
Shares Outstanding (mlns) 47.54
Share Float (mlns) 6.03
Shortable Yes
Optionable No
Inside Ownership 0.00%
Short Float 1.62%
Short Interest Ratio 2.62
Quarterly Return -22.15%
YTD Return -19.65%
Year Return -53.70%