New Contracts, Orders, and Financial Results - Analyst Notes on JinkoSolar, Ballard, EnerSys, GrafTech, and Capstone
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NEW YORK, March 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding JinkoSolar Holding Co., Ltd. (NYSE: JKS), Ballard Power Systems Inc. (NASDAQ: BLDP), EnerSys (NYSE: ENS), GrafTech International Ltd. (NYSE: GTI), and Capstone Turbine Corp. (NASDAQ: CPST). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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JinkoSolar Holding Co., Ltd. Analyst Notes
On March 3, 2014, JinkoSolar Holding Co., Ltd. (JinkoSolar) reported its Q4 2013 and full-year 2013 financial results. For the quarter, the Company reported total revenues of RMB2.2 billion ($361.4 million), up 87.5% YoY. Net income attributable to JinkoSolar's ordinary shareholders was RMB164.3 million ($27.1 million) in Q4 2013, compared to net loss attributable to the Company's ordinary shareholders of RMB761.1 million in Q4 2012. Diluted earnings per American depositary share (ADS) was RMB5.88 ($0.96), compared to diluted loss per ADS of RMB34.32 in Q4 2012. For full-year 2013, total revenues were RMB7.08 billion ($1.17 billion), up 47.6% YoY. Net income attributable to JinkoSolar's ordinary shareholders was RMB188.0 million ($31.1 million) in full-year 013, compared with a net loss of RMB1.54 billion in full-year 2012. Diluted income per ADS was RMB7.84 ($1.28) in full-year 2013, compared with diluted loss per ADS of RMB69.52 in full-year 2012. Mr. Kangping Chen, JinkoSolar's CEO said, "We closed out 2013 on a stronger footing by further cutting costs and improving gross margins for the fourth quarter to an industry-leading 24.7%. With total product shipments for the year reaching an all-time high of approximately 2 GW and a new revenue stream from our rapidly expanding downstream business, we have only increased our ambitions." The full analyst notes on JinkoSolar Holding Co., Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/JKS/report.pdf
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Ballard Power Systems Inc. Analyst Notes
On February 25, 2014, Ballard Power Systems Inc. (Ballard) reported its Q4 2013 and full-year 2013 consolidated financial results. For the quarter, revenue was up 4.8% YoY to $17.3 million. Net loss in Q4 2013 was $2.3 million or 0.02 per share, compared to $17.1 million or 0.19 per share in Q4 2012. Full year 2013 revenue growth was 40.3% YoY to $61.3 million. John Sheridan, President and CEO of Ballard, said, "Ballard's strong Q4 results capped off a great year for the Company, with full year revenue growth of 40%, gross margin improvement of 10 points to 27% and 63% improvement in Adjusted EBITDA. When viewing this 2013 performance in the context of the past two years, it is clear the Company is executing strongly, on the right strategy." For full year 2014, Ballard expects revenue growth of approximately 30% YoY. The full analyst notes on Ballard Power Systems Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/BLDP/report.pdf
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EnerSys Analyst Notes
On February 26, 2014, EnerSys announced that it has received two new contracts from the United States Defense Logistics Agency (DLA). According to the Company, both the contracts are for the production and supply of valve regulated lead acid (VRLA) batteries using EnerSys' proprietary thin plate pure lead (TPPL) technology. "EnerSys has supplied approximately 1.5 million Hawker Armasafe Plus batteries to the US military and remains a dedicated supplier to our fighting forces both at home and abroad," said John Craig, Chairman, President and CEO of EnerSys "We are pleased that DLA has acknowledged our efforts to support the US military through the award of these competitive contracts." The batteries will be supplied through February 2017. The full analyst notes on EnerSys are available to download free of charge at:
http://www.AnalystsReview.com/03052014/ENS/report.pdf
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GrafTech International Ltd. Analyst Notes
On February 27, 2014, GrafTech International Ltd. (GrafTech) reported its Q4 2013 and full-year 2013 financial results. For the quarter, net sales were $308.5 million, down 16.8% YoY. Net loss was $28.2 million, or $0.21 loss per diluted share, in Q4 2013, versus net income of $28.6 million, or $0.21 per diluted share, in Q4 2012. For full-year 2013, net sales were $1.2 billion, down 6.5% YoY. Net loss was $27.3 million, or $0.20 loss per diluted share in full-year 2013, compared to net income of $117.6 million, or $0.84 per diluted share, in full-year 2012. Joel Hawthorne, CEO of GrafTech, commented, "We faced a number of challenges throughout 2013, primarily in a difficult market environment in our Industrial Materials segment. We are pleased with the progress we made as we navigated through this cyclically low period in our industry." The full analyst notes on GrafTech International Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/GTI/report.pdf
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Capstone Turbine Corp. Analyst Notes
On March 4, 2014, Capstone Turbine Corp. (Capstone) announced that it has received two orders totaling 2.6MW from Regatta Solutions for Capstone C800s and a Capstone C1000 to be used in two Southern California hospitals. Vice President of Regatta Solutions, Kenda Burkhart, stated, "It is great to see the continued adoption of Capstone Turbine technology in the healthcare industry. The market as a whole is realizing that implementing clean and green CHP technology will deliver substantial improvements in their overall efficiency and reduce their facility's operating expenses." The full analyst notes on Capstone Turbine Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/CPST/report.pdf
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