More From Sheldon Krieger
A Look at Electricity Generation by Region
Electricity generation in the United States came in at 72.7 million MWh (megawatt-hours) in the week ended October 7, 2016.
How Did Rockwell Automation’s Operating Segments Fare in Fiscal 1Q17?
For fiscal 1Q17, Rockwell Automation (ROK) reported $696 million in sales from its Architecture & Software segment compared to $643 million during fiscal 1Q16.
Why Did Sunrun Miss Analysts’ 3Q16 Revenue Estimates?
For 3Q16, Sunrun’s (RUN) consolidated revenue came in at ~$112 million against analysts’ expectations of $135 million.
What to Expect from Canadian Solar’s 2Q16 Earnings
Canadian Solar (CSIQ) is expected to announce its 2Q16 earnings results before market hours on August 15, 2016.
What Are Yingli Solar’s Key Performance Drivers?
Yingli Solar’s cost performance mainly depends on the price of its key raw material, polysilicon.
The Story behind JA Solar’s Inorganic Growth
In November 2011, JA Solar announced the acquisition of a 100% equity interest in Silver Age Holdings.
What to Expect from Caterpillar’s Future Earnings
For the coming quarter, analysts expect Caterpillar’s (CAT) EBITDA to be ~$1.1 billion, compared to pre-4Q16 estimates of ~$1.2 billion.
Are Analysts Looking on the Sunny Side for SunPower in 3Q16?
SunPower (SPWR) reported about $380 million in consolidated revenue for 3Q15. Analysts estimate that the company will report revenue of $778 million in 3Q16, which is close to a 105% increase on a year-over-year basis.
Analyzing the Impact of the Natural Gas Drawdown on Coal Miners
This series covers the latest EIA report for the week ended September 30, 2016. The natural gas inventory came in at 3,680 billion cubic feet, compared to 3,600 Bcf in the week ended September 23.
Why Did SunPower Miss Analysts’ 1Q16 EBITDA Estimates?
For 1Q16, SunPower reported EBITDA of $6.3 million, which fell far short of the analyst expectation of $11.5 million.
Why Analysts Expect Canadian Solar’s Revenue to Rise in 2Q16
Canadian Solar reported about $637 million in consolidated revenue for 2Q15. Analysts estimate that it will report revenue of about $726 million in 2Q16.
Analysts Expect SunPower’s Revenues to Decrease in 2Q16
SunPower reported about $381 million in consolidated revenue for 2Q15. Analysts estimate that the company will report revenue of $339 million in 2Q16.
How Higher Crude Oil Prices Could Impact Coal Miners
Oil prices are a mixed driver for the coal industry (KOL) in the United States. Energy stocks, including coal stocks, generally follow crude oil prices.
Capacity at Issue for Natural-Gas-Fired Plants: This Is Why
According to the EIA, the capacity factor for coal-fired power plants came in at 68.5% in August 2016 compared to 69.3% in July 2016.
Why More Than Half of Analysts Rate Cloud Peak Energy a ‘Hold’
Of the ten analysts covering Cloud Peak Energy (CLD), two gave it a “buy” rating, six gave it a “hold” rating, and two gave it a “sell” rating.
What You Can Expect from Cloud Peak Energy’s Future Earnings
After its 3Q16 results, Cloud Peak Energy (CLD) revised the low end of its 2016 sales guidance by 2 million tons.
What Factors Drove Major Coal Company Stocks in 2Q16?
The recovery in commodity prices helped coal stocks recover from their 1Q16 lows. High natural gas prices can have an indirect positive impact on coal stocks.
How Low Natural Gas Prices Could Impact Coal Miners
Henry Hub benchmark natural gas prices came in at $3.01 per MMBtu for the week ended September 30, 2016. This compares to $3.11 per MMBtu for the previous week.
How Did Cloud Peak Energy’s Coal Pricing Impact Its 3Q16 Results?
For 3Q16, Cloud Peak Energy (CLD) reported its realized coal price per ton sold at $12.33, as compared to $12.62 during the same period in 2015.
Westmoreland Coal Had Strong Revenue Growth in 2Q16
Westmoreland Coal witnessed the highest growth in coal pricing compared to its peers in 2Q16. Most coal mining companies witnessed a drop in revenues.
What Are Analysts’ Ratings for Westmoreland Coal?
Of the four analysts covering Westmoreland Coal (WLB), 100% or four analysts gave the company a “buy” rating. There weren’t any “sell” or “hold” ratings.
What Do High-Capacity Factors of Coal-Fired Plants Mean?
Capacity factors are an important indicator when it comes to understanding power plants’ utilization levels.
Why Did ROK Beat Analysts’ Fiscal 1Q17 Revenue Estimates?
For fiscal 1Q17, Rockwell Automation (ROK) reported ~$1.5 billion in consolidated sales compared to analysts’ expectations of ~$1.4 billion.
What Could Drive Arch Coal Stock in 2017?
Although the majority of coal (KOL) stocks began 2016 on a weak note, they outperformed the broader market in 2016.
A Glimpse at Vivint Solar’s Aggressive Expansion
Vivint Solar has witnessed rapid growth since inception with installed capacity reaching 129.7 megawatts as of June 30, 2014. The company went public on October 1, 2014.
What to Expect from Major Coal Mining Companies in Their Future Earnings
Alliance Resource Partners (ARLP) revised its fiscal 2016 shipments guidance to 36.5 million–37.0 million tons from its prior guidance of 35.0 million–36.0 million tons.
Why Did SolarCity’s Stock Tumble after 1Q16 Earnings?
SolarCity posted mixed results for 1Q16. The company reported adjusted EPS of -$2.56 compared to the analyst consensus EPS estimate of -$2.31.
Factors Driving Major Coal Company Stocks So Far in 4Q16
Stocks of all major coal mining companies remained upbeat after the US election results on November 9, 2016. The recent rally in natural gas prices helped coal stocks continue their momentum so far in December 2016.
What to Expect From First Solar’s 2Q16 Earnings
First Solar (FSLR) is expected to announce its 2Q16 earnings results on August 4, 2016, after market hours.
Solar Companies See Pressure to Improve Top Line Growth in 3Q16
Following 2Q16, major downstream solar companies such as Sunrun, SolarCity, and SunPower have revised their 2016 guidances downward.
Understanding Trina Solar’s Valuation Compared to Peers: Who’s Trading at a Discount?
Four out of 11 analysts covering Trina Solar have rated the stock a “buy.” Six have rated the stock a “hold,” and one recommends a “sell” for the stock.
What Was SunEdison’s Path to Bankruptcy?
The major factors that led to SunEdison’s bankruptcy were leveraged acquisitions and the liquidity crisis. More than the macro factors, SunEdison’s fall appears to be self-made.
Bowie Resource Transaction: How It Impacts Peabody Energy
According to Peabody Energy’s filings, the proceeds from the transaction with Bowie Resource Partners are crucial for it to meet future financial covenants.
How Did Sunrun Stock React to 1Q16 Results?
Sunrun (RUN) announced its 1Q16 earnings results on May 12, 2016. In this series, we’ll look at the 1Q16 results, compare them with analysts’ estimates, and see the factors behind deviations.
What Factors Drove the Major Coal Company Stocks in 1Q16?
Uncertainty surrounding the recovery of coal prices and the enactment of environmental regulations such as the Clean Power Plan impacted coal stocks in 1Q16.
A Closer Look at Arch Coal’s Financial Position and 2017 Guidance
Arch Coal’s (ARCH) 4Q16 earnings were driven by a strong rebound in metallurgical coal prices.
Must-Knows for JA Solar Investors from Service and Product Suite
JA Solar (JASO) is primarily involved in the design, development, manufacturing, and sales of solar power products based on crystalline silicon technologies.
Coal Prices Remained Steady in the Week Ending September 9
For the week ending September 9, 2016, PRB spot coal prices came in at $10.50 per ton, which is marginally lower than the previous week’s $10.65 per ton.
Can Vivint Solar Beat Analysts’ 2Q16 Estimates?
Vivint Solar (VSLR) will announce its 2Q16 earnings results on August 8, 2016, after Market hours. In this series, we’ll look at analysts’ expectations for 2Q16 and 2016 guidance.
SolarCity: A Quick Trip down Memory Lane
SolarCity was founded in 2006 with the initial focused on selling, financing, and installing solar energy systems for residential and commercial customers.
Sunrun: The Beginning of a Residential Solar Major
Sunrun was co-founded in 2007 as a startup by Ed Fenster and Lynn Jurich, with an aim to create worldwide use of solar energy. It began offering solar services in 2008.
Understanding SolarCity’s Valuation Compared to Peers: Who’s Trading at a Discount?
Among the downstream solar companies, SolarCity (SCTY) has the highest EV-to-sales value of 8.70x, which is closely followed by Vivint Solar at 8.31x.
Can SunPower Beat Analysts’ Expectations in 2Q16?
SunPower (SPWR) is expected to announce its 2Q16 earnings results on July 26, 2016, after market hours.
Why Are Analysts Rating Westmoreland Coal a ‘Buy’?
Of the three analysts covering Westmoreland Coal (WLB), 100% (three analysts) gave the company a “buy” recommendation.
Why Did Coal Stocks Soar after the US Election Results?
The Republicans won the majority of the major coal-producing (KOL) states in the United States such as Wyoming, West Virginia, Kentucky, Pennsylvania, and Montana.
What Does Yingli Solar’s Product Suite Entail?
Yingli Solar (YGE) offers products and services that span the entire value chain of integrated power products.
What Do Analysts Expect for Yingli Solar’s Margins in 3Q16?
For 3Q16, analysts expect Yingli Solar to report a gross profit of about $31.0 million with a gross margin of about 12.4%, which is in line with the company’s gross margin guidance.
How Are Analysts Rating Vivint Solar?
Of the six analysts covering Vivint Solar (VSLR) stock, two have given the company a “buy” rating, two a “hold” rating, and two a “sell” rating.
What Factors Have Driven Downstream Solar Stocks So Far in 2016?
In this series, we will perform a comparative analysis of downstream solar companies’ 1Q16 earnings and SunPower’s downstream operations. We will take a close look at its management’s guidance and analyst expectations for 2016.
A Closer Look at Trina Solar’s 2Q16 Shipments
Trina Solar (TSL) had given shipment guidance of 1,500 MW (megawatts) to 1,600 MW for 2Q16. However, the company reported 1,658.3 MW of solar (TAN) module shipments recognized in its revenue for 2Q16.
What Could Drive Alliance Resource Partners Stock in 2017?
The majority of coal stocks began 2016 on a weak note. But they outperformed the broader market in 2016—mostly through gains in the second half of 2016.
How Do Analysts Rate SolarCity ahead of 3Q16 Results?
Since the release of SolarCity’s 2Q16 results, three of the 15 analysts covering the stock lowered their price targets.
How Do Analysts Rate Sunrun ahead of Its 3Q16 Results?
Of the 11 analysts covering Sunrun (RUN) stock, nine analysts (81.8%) gave the company a “buy” rating. Two analysts (18.2%) rated it a “hold,” and there weren’t any “sell” ratings on Sunrun’s stock on November 4, 2016.
What to Expect from SolarCity’s 3Q16 Earnings
Between its 2Q16 earnings release on August 9 and October 21, 2016, SolarCity’s stock price fell nearly 19%.
How Has JA Solar Stock Performed in 2016?
JA Solar (JASO) stock fell nearly 39% from January 4, 2016, through September 22, 2016.
Analyzing the Coal Mining Industry Value Chain
Coal (KOL) mining is a capital-intensive industry. A wide variety of auxiliary industries both help and depend on the coal mining sector across its value chain.
Clean Coal: The Future of the US Coal Mining Industry
Clean coal aims to minimize the emission of harmful greenhouse gases with clean coal technologies.
Can Peabody Energy Rise from the Ashes?
As of February 29, 2016, Peabody Energy (BTUUQ) has about $940 million in liquid assets.
Inside SolarCity’s Fundraising for Business Expansion
SolarCity initially raised funds through the issue of warrants to investors on preferred stock. It also raised capital through a range of investment funds.
Why Westmoreland Coal’s Shipments Fell in 2Q16
In 2Q16, all of the reportable coal mining segments of Westmoreland Coal (WLB) witnessed a decline in coal shipments both on a YoY and QoQ basis.
Electricity Generation Hit 5-Month Low in Week Ended October 28
US electricity generation fell to 69.0 million MWh (megawatt-hours) from 72.6 million MWh the previous week. It was a five-month low.
What Lower Electricity Generation Means for Coal Producers
The EEI (Edison Electric Institute) publishes electricity generation data weekly. The current report for the week ended October 14, 2016.
Coal Production Estimated to Rebound in Week Ended October 22
The EIA (U.S. Energy Information Administration) estimated that US coal production would rise to 16.5 million short tons during the week ended October 22, 2016.
Did Arch Coal Meet Analysts’ 4Q16 Estimates?
Arch Coal (ARCH) announced its 4Q16 and fiscal 2016 earnings results on February 8. In this series, we’ll analyze ARCH’s 4Q16 results and compare its results with analysts’ expectations.
How Coal Production Changed during the Week Ended September 10
According to EIA estimates, US coal shipments fell to 15.1 million short tons during the week ended September 10, 2016.
What’s Next for Arch Coal?
During the restructuring process, Arch Coal hopes to continue its normal course of business with cash generated from ongoing operations, existing liquidity, and new financing.
Can Peabody Post Biggest Fourth-Quarter Earnings Drop in 5 Years?
Peabody Energy (BTU) reported $1.42 billion as consolidated revenue for 3Q15. Analysts estimate it will report $1.35 billion in 4Q15, almost 5% less on a QoQ basis.
Where Does Yingli Solar’s Valuation Stand among Peers?
As of December 9, 2016, among its major peers, Yingli Solar had the highest forward EV-to-EBITDA multiple of 14.3x.
Why Did Yingli Solar’s Shipments Fall in 3Q16?
Yingli Solar (YGE) reported about 365 MW of solar (TAN) module shipments for 3Q16, as compared to 662 MW in 2Q16 and 460 MW in 3Q15.
Is Sunrun’s Growth Rate Sustainable?
The extension of the investment tax credit for owning eligible solar systems and a decrease in solar hardware prices provide a strong growth opportunity for downstream solar companies.
What Can Investors Expect from Sunrun in 2016?
Moving ahead, Sunrun (RUN) expects to deploy about 285.0 megawatts in fiscal 2016—compared to 202.9 megawatts in fiscal 2015.
Can JA Solar Outperform Its Peers in Fiscal 2016?
Analysts expect a fall in JA Solar’s revenue in 3Q16. They anticipate that consolidated revenue will fall 7% on a quarter-over-quarter basis.
Arch Coal Beats Analyst’s 4Q16 Revenue Estimates
For 4Q16, Arch Coal (ARCH) reported revenues of ~$576 million compared to analyst estimates of $548 million.
Why Did Arch Coal’s Shipments Fall in 4Q16?
Arch Coal (ARCH) owns and operates mines in all three major coal mining regions in the US.
Why Did Emerson Electric Stock Rise after Its Fiscal 1Q17 Results?
Emerson Electric (EMR) announced its fiscal 1Q17 earnings results on February 7, 2017. In this series, we’ll analyze EMR’s earnings, compare the results with analysts’ expectations, and analyze the factors that caused any deviation.
Why Analysts Expect Arch Coal’s Revenue to Fall in 4Q16
Arch Coal (ARCH) reported about $563 million in consolidated revenues for 4Q15.
How Do Analysts Rate Emerson Electric Stock ahead of 1Q17 Results?
Of the 25 analysts covering Emerson Electric stock, three analysts gave the company a “buy” rating, 17 analysts gave it a “hold” recommendation, and five analysts recommended it as a “sell.”
What Factors Could Drive Emerson Electric Stock in 2017?
Emerson Electric (EMR) is set to announce its 1Q17 earnings results on February 7, 2017, before market hours.
How Did Danaher’s Operating Segments Fare in 4Q16?
Currently, Danaher (DHR) reports its revenue under four operating segments: Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions.
Why Danaher Stock Rose after Its 4Q16 Results
Danaher Corporation (DHR) announced its 4Q16 and 2016 earnings results before the market opened on January 31, 2017. Let’s take a look.
Can Caterpillar Benefit from Its Cost Reduction Initiatives?
Caterpillar’s (CAT) restructuring costs were estimated to be ~$2 billion, with $1.6 billion of cash costs and the remaining $400 million of non-cash costs.
How Did Caterpillar’s Operating Segments Fare in 4Q16?
For 4Q16, Caterpillar (CAT) reported revenues from its Energy & Transportation (E&T) business of ~$3.9 billion compared to ~$4.5 billion in 4Q15.
Coal Prices Remained Upbeat during the Week Ended January 26
During the week ended January 26, 2017, PRB spot coal prices closed at $12.45 per short ton, just above the previous week’s price of $12.40 per short ton.
Coal Production Continued to Rebound During the Week Ended January 21
US coal production was continued to rebound sharply to 16.76 million short tons during the week ended January 21, 2017.
Natural Gas Spot Prices Gets Support from Higher Inventory Drawdown
For the week ended January 20, 2017, Henry Hub benchmark natural gas prices came in at $3.29 per MMBtu, as compared to $3.28 per MMBtu in the previous week.
Natural Gas Drawdown Beats Expectations 3 Weeks in a Row
For the week ending January 20, natural gas inventory came in at 2,798 Bcf (billion cubic feet), as compared to 2,917 Bcf one week earlier.
A Closer Look at Rockwell Automation’s Leverage and Liquidity
At the end of fiscal 1Q17, Rockwell Automation (ROK) had ~$1.6 billion in the form of cash and cash equivalents on its balance sheet compared to ~$1.5 billion at the end of fiscal 1Q16.
Pulling Back the Curtain on ROK’s Fiscal 1Q17 Operating Performance
For fiscal 1Q17, Rockwell Automation (ROK) reported an ROIC of 34.6% compared to 32.6% reported for fiscal 1Q16.
Rockwell Automation’s Key Operating Metrics: Investor Must-Knows
For fiscal 1Q16, the pre-tax margin of ROK’s Architecture & Software segment was 27.4%, as compared to the Control Products & Solutions segment’s 15.3%.
Rockwell Automation’s Fiscal 2017 Guidance: A Closer Look
ROK maintains that oil prices have recovered since early 2016 and that most of its business in the heavy industries end market is expected to stabilize.
How Do Analysts Rate Rockwell Automation Stock Prior to Its Fiscal 1Q17 Results?
Of the 24 analysts covering Rockwell Automation stock, three analysts gave the company a “buy” recommendation, while 17 analysts (71%) gave it a “hold.”
What Factors Could Drive Rockwell Automation Stock in 2017?
Rockwell Automation (ROK) is set to announce its fiscal 1Q17 earning results on January 25, 2017, before market hours.
Powder River Basin Coal Prices Recovered Sharply
During the week ended January 19, 2017, PRB spot coal prices closed at $12.40 per short ton, which was 4.0% above the previous week’s price.
Upbeat Inventory Drawdown Still Supports Natural Gas Spot Prices
For the week ended January 13, 2017, Henry Hub benchmark natural gas prices were $3.27 per MMBtu, compared to $3.47 per MMBtu for the previous week.
Natural Gas Drawdown Beats Expectations 2 Weeks in a Row
Every Thursday, the EIA publishes a natural gas inventory report for the previous week. This series will cover the latest report for the week ended January 13, 2017.
What Factors Could Drive Caterpillar Stock in 2017?
Caterpillar (CAT) plans to announce its fiscal 2016 and 4Q16 earning results on January 26, 2017. In this series, we’ll look at analyst expectations for CAT’s 4Q16 earnings and the factors that led analysts to arrive at those expectations.
A Look at Danaher’s 4Q16 Margin Estimates
In 4Q15, Danaher’s (DHR) adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was ~$1.4 billion, while its EBITDA margin was 23.3%.
Behind Danaher’s 4Q16 Revenue Estimates
Danaher (DHR) reported ~$5.9 billion in consolidated revenue in 4Q15. Analysts expect DHR to report $4.5 billion in 4Q16 revenue.
How Do Analysts Rate Danaher ahead of Its 4Q16 Results?
Of the 19 analysts covering Danaher, 15 had given the company “buy” ratings, four had given it “hold” ratings, and none had given it “sell” ratings as of January 12, 2017.
What Factors Could Drive Danaher Stock in 2017?
Danaher Corporation (DHR) will announce its 4Q16 earning results before the market opens on January 31, 2017. What should we expect?