Volume Spike Investor » ESLR

PREMARKET ALERT: Evergreen Solar (ESLR)

247admin — Fri, 31 Jul 2009 12:24:53 +0000

Evergreen Solar Inc. (Nasdaq: ESLR) shares are down 10 percent to $2.14 in premarket trading of more than 50,000 shares as of 8:20 a.m. Eastern. The company reported a wider-than-expected loss of 11 cents a share, vs. a comparable expectation of an 8 cent loss per share. Gross margins were lower than expectations, due to price pressures. — Mike Tarsala

Can solar stocks catch heat in today's trading? (SPWRA)

247admin — Fri, 19 Jun 2009 13:11:27 +0000

Solar energy stocks are mostly higher in premarket trading this morning, after UBS upgraded Sunpower Corporation (Nasdaq – SPWRA) to a Buy, calling it the best-positioned U.S. solar play.

The positive sentiment is also spilling over to many other names in the group, as they all can potentially benefit from the same trends UBS says could cause residential solar adoption to double next year.

The job market is still rough, and fewer consumers can afford big solar installations. But system prices have come down in the past 12 months, prompting more consumers to take advantage of a 30% federal solar tax credit, as well as state incentives.

The combination means that consumers can in theory makek their money back on a solar investment in about 5 years… nearly half the payback time of a solar investment made just a few years ago.

Sunpower and Evergreen Solar (Nasdaq – ESLR) sharse were up nearly 5% at 9:15 Eastern. Meanwhile, JA Solar (Nasdaq — JASO), LDK Solar (NYSE – LDK) and Suntech Power Holdings (NYSE – STP) all were rising 1.5% or more in premarket trading.

– Mike Tarsala

Odd Pre-Market Volume: Evergreen Solar (ESLR)

247admin — Thu, 11 Jun 2009 12:14:01 +0000

Evergreen Solar Inc. (NASDAQ: ESLR) is seeing strange upside volume. There has been no news this morning out of the company but we have seen 271,000 shares trade hands as of 8:12 AM EST. Shares are up 10% at $2.78 on last look. This may just be further speculative excitement on the solar stocks now that oil is entrenched above $70.00/barrel, but that is just for reference in this notion. Evergreen’s 52-week range is $1.00 to $12.64 and the avareage volume is about 5.5 million shares. -JOn Ogg

VOLUME SPIKE: Solar Stocks (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)

247admin — Tue, 06 Jan 2009 14:56:44 +0000

We are seeing a sharp rise in the volume of solar power stocks this morning. Unfortunately, it is to the downside despite some peers holding up on the news. LDK Solar Co. (NYSE: LDK) issued a warning for Q4 and for 2009 revenues and margins, and you can see the full description of their warning. LDK shares are down 10% at $13.28 in pre-market trading on about 98,000 shares traded as of 9:01 AM EST. Here is how peers are trading this morning:

Shares of First Solar Inc. (NASDAQ: FSLR) are actually UP marginally at $158.00 on about 25,000 shares.
Canadian Solar Inc. (NASDAQ: CSIQ) is now up 0.4% at $7.07 on about 4,200 shares.
JA Solar Holdings Co. (NASDAQ: JASO) shares are down almost 3% at $4.95 on 51,000 shares.
Evergreen Solar Inc. (NASDAQ: ESLR) is down 0.5% at $3.58 on 31,000 shares.
Solarfun Power Holdings (NASDAQ: SOLF) is down almost 1% at $6.05 on 14,000 shares.

Jon C. Ogg
January 6, 2009

Trader Alert: Suntech Power & Solar Stocks (STP, FSLR, ESLR, CSIQ, SOLF, CSUN)

247admin — Wed, 20 Aug 2008 12:44:35 +0000

Suntech Power Holdings Co. Ltd. (NYSE: STP) is seeing a surge in both its price and its pre-market trading volume. Shares are trading up over 4% at $38.90 at 8:40 AM EST on more than 130,000 shares pre-market after beating earnings and raising guidance.

Its new guidance for 2008 is $2.05 to $2.15 Billion in sales, up from a prior range of $1.9 to $2.1 Billion and above estimates of $2.06 Billion in revenues. The company is also becoming one of the largest solar players as it now expects capacity to be able to run at an annual 1 Gigawatt production by the end of the year.

Volatility is this solar player’s middle name as its 52-week trading range is $28.19 to $90.00.

Other solar tickers to watch: FSLR, ESLR, CSIQ, SOLF, CSUN.. most are indicated higher pre-market

JON OGG
August 20, 2008

Pre-Market Volume Surge: Evergreen Solar (ESLR)

247admin — Tue, 15 Jul 2008 12:40:48 +0000

Evergreen Solar Inc. (NASDAQ: ESLR) is seeing another volume surge after the company announced a $1.2 Billion supply contract in Germany this morning. At 8:44 AM EST this has traded almost 600,000 shares pre-market and the last trade was up 9.7% at $10.05. Shares were initially up about 12% but have backed off marginally.

An average day’s trading volume is 9.1 million shares and the 52-week trading range is $7.52 to $18.85. Its market cap after this pop will be about $1.22 Billion.

Jon Ogg

July 15, 2008

Pre-Market Volume Spike: Evergreen Solar (ESLR)

247admin — Fri, 27 Jun 2008 13:07:50 +0000

Evergreen Solar Inc. (NASDAQ: ESLR) has made its way on to the pre-market or after-hours most actives several times now. The company has priced its secondary, so today’s increased trading activity is easy to assume. At 9:05 AM EST the stock has already seen 1.44 million shares trade, making it the most active of pre-market NASDAQ stocks (non-ETF’s). Shares closed at $10.83 yesterday and are now down to $9.9.

Average Volume: 8.1 million shares

52-week range: $7.52 to $18.85

Market cap: $1.3 Billion (before offering)

After-Hours Volume Spike…. Evergreen Solar (ESLR)

247admin — Tue, 24 Jun 2008 20:42:31 +0000

Evergreen Solar Inc. (NASDAQ: ESLR) is seeing shares hit on high volume for an after-hours session for the stock. The company announced it was selling $300 million in convertible notes and was entering into derivative contracts to limit the dilution. Wit a $1.4 Billion market cap at the close and on the heels of that huge contract award(s) announcement last week, you can imagine that shares are getting hit in after-hours.

At 4:40 PM EST we have seen more than 291,000 shares trade hands with a last print down 3.7% at $11.14, and that is after closing down 4% at $11.57 on the normal day. This trades on average about 7.9 million shares as of now on average days.

Jon Ogg
June 24, 2008

After-Hours Surge: Evergreen Solar (ESLR)

247admin — Wed, 18 Jun 2008 22:32:13 +0000

Evergreen Solar, Inc. (NASDAQ: ESLR) is seeing a huge surge after-hours on trading volume and in price. The solar panel maker announced a huge contract after the close and shares at 6:25 PM EST have already seen some 653,877 shares trade hands since the 4:00 PM close. Shares closed at $10.24 in regular trading and shares are up 14.75% at $11.75 at 6:25 PM EST.

Avg. Daily Volume:   7.17 million shares
52-Week Range:       $7.52 to $18.85
Market Cap:              $1.24 Billion (at close)

It’s a very safe bet that this will be one of the more active alternative energy stocks in tomorrow’s pre-market hours and in the trading day on Thursday.

Jon Ogg
June 18, 2008