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
The BenRiach Distillery Debuts Four Limited-Release Single Malt Whisky Batches
New Hampshire's Most Exclusive Estate Listed at $49 Million
11 Meaningful Flowers For Earth Day & Why You Should Immediately Fill Your Home With Them
2014 Cannes Film Festival Announces 15 Female-Directed Titles
9 Awesome Golf Characters in Film We Would Love to Tee Off With
Belfast’s Malt Room Provides Welcome Retreat From Wicked Irish Weather
Enter to Win the Million-Dollar High-Tech 2014 HGTV Smart Home in Nashville
Rolls-Royce Teams Up With Formula One World Champion Jenson Button
Elvis and Priscilla Presley's Futuristic Palm Springs Honeymoon Estate Listed at $9.5M
Avoid the Mega Crowds With These 9 Eclectic Early Summer Music Festivals
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE