Home Wealth  Money Solar Power Companies Disappoint with Earnings

Solar Power Companies Disappoint with Earnings

Posted: Nov. 24th, 2012  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Several China-based solar power companies are reporting lackluster earnings today.

JA Solar (nasdaq: JASO - news - people ) posted a loss in the third quarter of $0.36 per American depositary share, compared to earnings of $0.49 per share last year.

JA Solar also cut its full year shipments forecast.

Solar panel producer Suntech Power Holdings (nyse: STP - news - people ) reported it swung to a loss in the third quarter, of $116 million, or $0.64 per American depositary share, from a profit of $0.18 per share last year.

The loss was much wider than analysts expected.

And, photovoltaics maker LDK Solar (nyse: LDK - news - people ) also swung to a loss of $114.5 million, or $0.87 per American depositary share, compared to earnings of $93.4 million, or $0.72 per American depositary shares, last year.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Campari Adds Forty Creek Canadian Whisky to Growing Portfolio
Glenglassaugh Releases Torfa Peated Single Malt Whisky
Join the Exclusive Family With Bugatti's First Certified Program for Pre-Owned Veyrons
Historic Russian VA Space Capsule Valued at $1-2 Million Going to Auction in Brussels
Inkas Armored Vehicles Offer Real Peace of Mind for VIPs on the Go
Brad Pitt & Angelina Jolie's Vineyard Scores a Hit with the Superyacht Set
Drive Your Vessel Right into This Luxury Bahamas Boat House
World's Most Exclusive Yacht Clubs to Stage Race from Newport to England
Pushing the BMW HP2 Sport to the Limits
Stella Artois Pushes Perfect Pours With Countertop Draft System
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE