2013-04-10 14:04:56 -
NEW YORK, NY -- (Marketwired) -- 04/10/13 -- First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation (NASDAQ: SPWR), LDK Solar Co., Ltd. (NYSE: LDK), Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
First Solar, Inc. (FSLR) saw shares advancing 45.53% or $12.31 per share to close at $39.35 on volume of 40,147,203 shares traded during Tuesday's trading session. Shares of the solar company rose sharply after the company forecast 2013 earnings and revenue well above Wall Street estimates, in part because it will begin recognizing revenue from a massive California power plant this year. The U.S. solar panel maker expects 2013 net sales of $3.8 billion to $4 billion and earnings per share of $4 to $4.50, excluding one-time items. Wall Street analysts, on average, had been expecting revenue of $3.122 billion and earnings per share of $3.51, according to Thomson Reuters I/B/E/S. Find out our thoughts & what to expect from First Solar, Inc. next in our exclusive report at: http://squawkboxstocks.com/reports/FSLR : squawkboxstocks.com/reports/FSLR
SunPower Corporation (SPWR) saw shares rising 17.07% to close yesterday's trading session at $11.39 on volume of 14,446,243 shares traded. The integrated solar products and solutions company saw shares rise following the positive earnings forecast from rival First Solar. Will speculators continue to send shares higher or will we see the stock give back some gains? Find out more in our exclusive report at: http://squawkboxstocks.com/reports/SPWR : squawkboxstocks.com/reports/SPWR
LDK Solar Co., Ltd. (LDK) saw shares advancing 23.36% or $0.25 per share to close yesterday at $1.32 on volume of 4,893,333 shares traded. The manufacturer and marketinger of photovoltaic (PV) products joined in on the sector wide solar rally posting the biggest gains of the day for alternative energy names. Will shares of LDK continue to rise higher or will investor begin to secure profits? Find out our thoughts in our exclusive report at: http://squawkboxstocks.com/reports/LDK : squawkboxstocks.com/reports/LDK
Yingli Green Energy Holding Co. Ltd. (YGE) saw shares advancing 21.08% or $0.39 per share to close yesterday at $2.24 on volume of 5,842,332 shares traded. The company was yet another beneficiary of positive earnings forecast from rival First Solar. Will these positive earnings forecast from its rival be a sign of better than expected earnings out of Yingli? Find out our thoughts in our exclusive report at: http://squawkboxstocks.com/reports/YGE : squawkboxstocks.com/reports/YGE
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