Analyzing JA Solar’s Leverage and Liquidity Position
JA Solar Holdings (JASO) reported $12.1 million as interest expense for 3Q17 compared to $12.4 million in 2Q17 and $11.3 million in 3Q16.
JA Solar’s total cost of sales for 3Q17 was $575.4 million compared to $778.9 million in 2Q17 and $539.3 million in 3Q16.
In 3Q17, JA Solar reported total revenues of $652.6 million compared to $878.2 million in 2Q17 and $624.3 million in 3Q16.
JA Solar Holdings (JASO) had a 3Q17 shipment guidance of 1,600–1,700 MW (megawatts). The company posted total shipments of 1,640.9 MW in 3Q17.
On November 15, 2017, after market hours, JA Solar Holdings (JASO) announced its 3Q17 results for the quarter ended September 30, 2017.
For 4Q17, Canadian Solar (CSIQ) estimates its revenues to be $1.77 billion–$1.81 billion.
On September 30, 2017, Canadian Solar (CSIQ) reported ~$1.2 billion in cash, cash equivalents, and restricted cash.
Canadian Solar’s (CSIQ) operating income for 3Q17 was ~$57.8 million, compared to $83.7 million in 2Q17 and $27.0 million in 3Q16.
Canadian Solar’s (CSIQ) total operating expenses totaled ~$102.0 million in 3Q17 compared to $84.1 million in 2Q17 and $90.3 million in 3Q16.
Canadian Solar’s revenues from the sale of electricity in 3Q17 totaled $9.6 million, which was marginally lower than $9.8 million in 2Q17.
In 4Q17, Canadian Solar expects its solar module shipments to reach ~1.7–1.8 GW.
Canadian Solar (CSIQ) reported its 3Q17 earnings results on November 9. CSIQ declared earnings per share of $0.22, slightly below the analyst consensus estimate of $0.26.
In 3Q17, 433 funds bought ConocoPhillips’s (COP) stock, and 713 funds sold COP stock.
As of November 17, 2017, ConocoPhillips (COP) had an implied volatility of 12.0%, which is lower than its implied volatility of 21.5% at the end of 3Q17.
On October 6, 2017, ConocoPhillips (COP) announced a 4Q17 dividend of $0.265 per share on its common stock.
For the week ending November 17, ConocoPhillips (COP) stock had shown the highest correlation of ~91% with natural gas (UNG).
As of November 17, 2017, around 42.9% of analysts covering ConocoPhillips (COP) have “buy” recommendations on the stock.
For the week ending November 17, 2017, crude oil (USO) prices fell marginally from $56.76 per barrel to $56.71 per barrel, a decrease of 0.05%.
On November 17, 2017, the short interest ratio (or short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~18.7%. In comparison, the short interest ratio in WLL…
About 15.2% of analysts tracking Whiting Petroleum (WLL) stock have recommended “buy,” 21.2% have recommended “strong buy,” and 45.5% have recommended “hold.” The average broker target price of $30.98 implies a return…