More From Sheldon Krieger
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.
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.
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 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.
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.
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.
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.
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 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.
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%.
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.
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.
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 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.”
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.
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.
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.
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.
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?
PRB Coal Prices Fell in Response to Lower Natural Gas Prices
During the week ending January 12, 2017, PRB (Powder River Basin) spot coal prices closed at $11.95 per short ton, 2% below their previous week’s price of $12.25 per short ton.
Upbeat Inventory Draw-Down Boosted Natural Gas Spot Prices
A mild winter weather forecast for January led Henry Hub natural gas spot prices to tumble nearly 6% during the week ended January 6, 2017.
Coal Prices Remained Steady in Week Ended January 5
During the week ended January 5, 2017, PRB spot coal prices closed at $12.25 per short ton, just above the previous week’s closing price of $12.15.
Will Higher Crude Oil Prices Benefit Coal Miners?
Although coal and crude oil don’t directly compete with each other as fuels, it’s still important for coal investors to track crude oil prices.
How Lower Natural Gas Prices Could Impact Coal Producers
Cleaner, more competitive natural gas has eaten away at the market share of coal in electricity generation, which is a continuing trend.
Natural Gas Drawdown Short of Expectations: What Now for Coal?
For the week ended December 30, 2016, natural gas inventory came in at 3,331 Bcf. It was 49 Bcf lower than analysts’ expectations.
How Coal Miners Could Benefit from a Higher Natural Gas Drawdown
The crude oil production curtailment deal between OPEC and non-OPEC producers supported natural gas prices during the week ended December 29, 2016.
Natural Gas Inventory Fell Sharply in the Week Ended December 23
For the week ended December 23, natural gas inventory came in at 3,360 Bcf (billion cubic feet) compared to 3,597 Bcf one week earlier.
How NRP’s Oil and Gas Segment Contributes to Top-Line Growth
Natural Resource Partners (NRP) forayed into the oil and gas business with the acquisition of BLC Properties in 1Q04.
What Do Natural Resource Partners’ VantaCore Operations Entail?
Natural Resource Partners’ (NRP) VantaCore is one of the top 25 aggregates producers in the US.
Higher Natural Gas Prices Continued to Support PRB Coal Prices
During the week ended December 22, 2016, PRB (Powder River Basin) spot coal prices hit a fresh 52-week high of $12.30 per short ton.
Will Sharp Fall in Natural Gas Inventory Benefit Coal Miners?
A lower-than-expected natural gas inventory indicates a lower-than-expected natural gas supply or higher demand for natural gas, which has a positive impact on natural gas prices.
Which Major Coal Mining Company Is Trading at a Discount?
On December 14, 2016, analysts had a consensus 12-month target price of $6.40 for Cloud Peak Energy (CLD).
Leverage and Liquidity Concern the Coal Mining Industry
Among the major coal mining companies, Peabody Energy (BTUUQ) has the highest level of debt on its books. On September 30, 2016, Peabody Energy had ~$8 billion in the form of consolidated debt.
Analyzing Major Coal Mining Companies’ Reported Net Income in 3Q16
The majority of coal (KOL) mining companies witnessed losses during 3Q16. However, Alliance Resource Partners (ARLP) remained profitable.
Why WLB’s Revenue Growth Outperformed Its Peers in 3Q16
The majority of coal mining companies witnessed a drop in their 3Q16 revenues due to lower demand for coal in both domestic and international markets when compared to 3Q15.
Why Westmoreland Coal Had Higher Coal Pricing Growth in 3Q16
Westmoreland Coal (WLB) and Arch Coal (ARCH) witnessed an improvement in average coal sales price per ton sold on a YoY basis when compared to its peers.
Behind Major Coal Mining Companies’ 3Q16 Shipment Growth
All major coal mining companies reported higher coal (KOL) shipments in 3Q16 compared to 2Q16. However, a majority of them reported lower shipments on a year-over-year basis.
Natural Gas Drawdown Beats Estimates: What’s Next for Coal?
For the week ended December 9, 2016, natural gas inventory was 3,806 Bcf (billion cubic feet) compared to 3,953 Bcf one week earlier.
Natural Gas Inventory Draw-Down Was Lower 2 Weeks in a Row
For the week ending December 2, the natural gas inventory came in at 3,953 Bcf (billion cubic feet)—compared to 3,995 Bcf one week earlier.
How Will Restructuring Initiatives Impact SunPower?
SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.
Why SunPower Stock Rose after the Restructuring Announcement
The market cheered SunPower’s restructuring initiatives. The initiatives are expected to reduce the company’s costs and improve its future margins.
High Natural Gas Prices Could Benefit Coal Miners
Henry Hub benchmark natural gas prices were $2.76 per MMBtu for the week ending on November 25—compared to $2.44 per MMBtu the previous week.
Natural Gas Inventory Fell during the Week Ending November 25
For the week ending November 25, the natural gas inventory came in at 3,995 Bcf (billion cubic feet)—compared to 4,045 Bcf the previous week.
What to Expect from Yingli Solar’s 3Q16 Earnings
Yingli (or Yingli Solar) (YGE) is set to announce its 3Q16 earnings on December 8, 2016. In this series, we’ll look at analysts’ expectations for Yingli Solar’s 3Q16 earnings.
A Look at Trina Solar’s Capacity Expansion and Financial Position
Trina Solar’s interest expenses have consistently been on the rise over the last two years. For 3Q16, they were $28.6 million compared to $26.0 million in 2Q16.
How Did Trina Solar’s Costs Affect Its Gross Margin in 3Q16?
In 3Q16, Trina Solar (TSL) reported a gross profit of $125.6 million compared to $176.3 million in 2Q16. On a YoY basis, the company’s gross profit fell nearly 9.0%.
Trina Solar Missed Analysts’ 3Q16 Revenue Estimates
In 3Q16, Trina Solar’s (TSL) consolidated revenue came in at around $741.0 million compared to analysts’ expectations of about $823.0 million.
Why Did Trina Solar’s Shipments Fall in 3Q16?
Trina Solar (TSL) had a total module shipment guidance of 1.55–1.65 GW (gigawatts) for 3Q16. However, it reported 1.36 GW of total solar (TAN) module shipments.
How Did Trina Solar Stock React to Its 3Q16 Results?
Trina Solar (TSL) announced its 3Q16 earnings results before market hours on November 23, 2016. In this series, we’ll take a look at the results and compare them with analysts’ expectations.
What to Expect from Canadian Solar’s Future Earnings
Following its 3Q16 results, Canadian Solar revised down its US GAAP revenue guidance for 2016 to $2.8 billion–$2.9 billion.
Why Did Canadian Solar Stock Fall after 3Q16 Results?
Canadian Solar posted mixed earnings for 3Q16. It reported EPS (earnings per share) of $0.27 compared to the analyst consensus of $0.24.
First Solar Will Focus on Accelerating Its Series 6 Product
On November 16, 2016, First Solar (FSLR) announced an update on its Series 6 product transition and revised its fiscal 2016 guidance.
What’s Canadian Solar’s Leverage and Liquidity Position?
Canadian Solar’s interest expenses fell considerably in 2Q16 to $11.9 million from $16.1 million at the end of 1Q16.
What to Expect from Canadian Solar’s 3Q16 Earnings
Canadian Solar (CSIQ) is set to announce its 3Q16 earnings results on November 21, 2016, before market hours.
What to Expect from Sunrun’s Future Earnings
For the coming quarter, analysts expect Sunrun’s (RUN) revenue to be ~$130 million, and they expect significant improvement in company revenue in the latter half of 1H17.
How Did Sunrun’s Costs in 3Q16 Affect Its Gross Margins?
Sunrun (SUN) reported an operating loss of ~$51 million for 3Q16 compared to an operating loss of $48 million in 2Q16 and $63 million in 3Q15.
Why Did Sunrun’s Stock Price Surge after Its 3Q16 Results?
Sunrun (RUN) announced its 3Q16 earnings results on November 10, 2016, after market hours. Sunrun reported earnings per share of $0.16, compared to analysts’ consensus EPS estimate of -$0.20.
How Lower Natural Gas Prices Could Impact Coal Mining Companies
Henry Hub benchmark natural gas prices reached $2.50 per MMBtu in the week ended November 4, as compared to $2.72 per MMBtu in the previous week.
How Higher Natural Gas Inventory Could Impact Coal Miners
For the week ending November 4, natural gas inventory came in at ~4.02 Tcf (trillion cubic feet), as compared to ~3.96 Tcf one week earlier.
How Did Vivint Solar’s Costs in 3Q16 Affect Its Bottom Line?
Vivint Solar (VSLR) reported $39.3 million in operating leases and incentives revenue costs for 3Q16 compared to $38.5 million in 2Q16 and $37.6 million in 3Q15.
Vivint Solar Reported a Record Low Cost per Watt in 3Q16
Vivint Solar (VSLR) reported a record low cost per watt of $2.85 for 3Q16 as compared to $2.94 in 2Q16 and $3.12 in 3Q15.
What Do Analysts Expect for Sunrun’s Margins in 3Q16?
Sunrun’s (RUN) gross profit for 2Q16 came in at $22.3 million. For 3Q16, analysts expect the company to report a gross profit of $23.3 million.
PRB Coal Prices Are Losing Steam as Natural Gas Prices Fall More
For the week ended October 28, 2016, PRB (Powder River Basin) spot coal prices fell nearly 1.0% to $11.80 per ton compared to $11.95 per ton the week before.
Natural Gas Prices Are Back in the Red: The Impact on Coal Miners
Henry Hub benchmark natural gas prices came in at $2.72 per MMBtu for the week ended October 28, 2016. That compares to $3.14 per MMBtu for the previous week.
Here’s Why Westmoreland Coal Beat 3Q16 Estimates
For 3Q16, Westmoreland Coal reported a record high adjusted EBITDA of about $71 million as compared to $48 million in 3Q15.
San Juan Acquisition Keeps Driving Westmoreland Coal’s Top Line
Revenue from the company’s coal mining operations in the US came in at about $168.9 million compared to $132.0 million in 3Q15 and $151.4 million in 2Q16.
Why Did Westmoreland Coal’s Shipments Rise in 3Q16?
For 3Q16, Westmoreland Coal’s total coal (KOL) shipments came in at 13.9 million tons compared to 13.8 million in 3Q15 and 12.0 million tons in 2Q16.
Why Did Westmoreland Coal’s Stock Surge 18% on Its 3Q16 Results?
Westmoreland Coal (WLB) announced its 3Q16 earnings results before markets opened on November 1, 2016.
Why Alliance Resource Partners’s Stock Rose after Its 3Q16 Results
Alliance Resource Partners (ARLP) announced its 3Q16 earnings results before market hours on October 28. In this series, we’ll analyze the company’s 3Q16 results, compare the results with analyst expectations, and analyze the factors that caused deviation.
Will Debt Restructuring Improve Cloud Peak’s Financial Position?
On October 17, 2016, Cloud Peak Energy completed an exchange of $237.9 million of its 2019 notes and $143.6 million of the 2024 notes.
Why Did Cloud Peak Energy’s Stock Surge 13% on Its 3Q16 Results?
For 3Q16, Cloud Peak Energy posted adjusted EPS of $0.06, as compared to the analysts’ consensus estimate of -$0.12. Its stock price rose ~13% the same day.
Why Analysts Expect Vivint Solar’s Revenue to Rise in 3Q16
Analysts estimate that Vivint Solar (VSLR) will report revenue of $44.0 million in 3Q16, which is almost a 26.0% rise on a quarter-over-quarter basis.
Analyzing SolarCity’s Leverage and Liquidity Position
SolarCity’s interest expenses have risen more than fourfold in the last two years.