Friday, July 18, 2008

Evergreen Solar Q2 In Line, But Shrs Fall On Light Outlook (ESLR)

"A trend is emerging."

I'm sorry, private joke. One of the best securities analysts I know said that in 1999 when looking at this chart, minus the last eight years of course, and right before the stock took a sixty percent dumper. At the time, MO was up approximately "1 billion, gagillion, fafillion, shabolubalu million illion yillion..." percent over the prior twenty five years.
(that's Dr. Evil's demand [...Yen] in the third movie, about which Wikipedia says "This time his demand is met with simple confusion from the world leaders.")

From BigCharts:

On to the story from Barron's Tech Trader Daily:

Evergreen Solar (ESLR) shares are falling hard in after-hours trading on a disappointing outlook for the company’s third quarter.

For Q2, the company posted revenue of $22.8 million and a loss of 8 cents a share, a bit ahead of the Street consensus of $22.1 million and a loss of 10 cents. ...
...In after hours trading, ESLR is down $1.05, or 10.2%, to $9.27.

The trend started with SPWR. Earnings up, stock down. I'll try to identify these things earlier in the move, promise.