Short Interest (Shares Short)
Days To Cover (Short Interest Ratio)
Short Percent of Float
Short Interest - Prior
Short % Increase / Decrease
Micron issues healthy guidance; strong NAND bit growth expected
Micron (MU) expects FQ4 revenue of $4B-$4.2B vs. a $4.06B consensus.
DRAM bit growth was flat Q/Q in FQ3, and ASP down 2%; Micron had guided for each to show a low-single digit % drop.
Trade NAND bit growth (inc. 3rd-party purchases) was -6%, and ASP was flat. Guidance was for a high-single digit % production drop, and a low-singe digit % ASP drop.
DRAM cost/bit fell 3%, and NAND cost/bit was flat; both figures are in-line with guidance.
FQ4 DRAM guidance: Low-single digit % bit growth, flat ASP, low-single digit cost/bit decline. Trade NAND guidance: Low-to-mid teens % bit growth (aided by mobile product launches), low-to-mid single digit % ASP decline, flat cost/bit.
DRAM made up 69% of FQ3 revenue, and NAND 28%. Gross margin was 34%, flat Q/Q and up from 24% a year ago.
Operating cash flow was $1.46B, and capex $576M. FY14 capex guidance is at $2.8B-$3.2B.
June 23, 2014 8:27 AM EDT
Rotch Capital maintains Canadian Solar (Nasdaq: CSIQ) at Buy with a target price of $35 following recent investor meetings.Analyst Philip ...
SolarCity (Nasdaq: SCTY) is lower Monday following cautious commentary late last Friday.
The WSJ noted that SolarCity uses a metric called “retained value,” which estimates how much future income from the power SolarCity's customers purchase, net of costs, is worth in today's money.
SolarCity assumes 90 percent of customers will renew leases after the original 20-year term is up, which is an aggressive assumption. Those renewals account for 29 percent of its retained value estimate.
Another questionable area is backlog panels that customers have signed for, but haven't been deployed. Backlog ceased to be reported in May 2013 under the assumption that time between a contract being signed and panels being deployed made the metric less relevant. You can calculate the metric by dividing retained value by value per watt.
The risk to these assumptions is sales in the backlog can be canceled. SolarCity doesn't disclose cancellation rates for signed contracts. The company previously would impose a fee on canceled contracts, though that fee isn't being enforced as heavily, if at all.
Shares of SolarCity are down about 0.4 percent.
mkerryfuller: u are such a #$%$....hole. I post when I cover on Qcor for a nice $18, 000 profit. NICE TRY LOSER. Didn't u have a whooping 100 shares investment in Qcor? Wow last of the big guns. Lol.. Answer the question loser , what ever happen to the buy back program? I see u are in on another losing trade. What a loser!!!
Yingli Green Energy Holding misses by $0.11, misses on revenue
Yingli Green Energy Holding (YGE): Q1 EPS of -$0.35 misses by $0.11.
Revenue of $432.2M (+0.2% Y/Y) misses by $31.84M.