Thursday, July 30, 2009

Akeena Shares Up Despite Q2 Rev Miss; Smaller Net Loss (AKNS)

Sorry for the light posting today, reality keeps intruding. The big news in solar will be First Solar's after-the-close earnings release. FSLR is up 3.71 %, AKNS 3.76%.
From Tech Trader Daily:

In a good omen, perhaps, for solar technology makers First Solar (FSLR) and Evergreen Solar (ESLR), which report tonight after the bell, Akeena Solar (AKNS) shares are rising despite a top-line miss in the company’s Q2 report this morning.

Akeena said revenue in Q2 fell 17%, year over year, to $5.9 million, lower than the $7.1 million consensus forecast, but thanks to a 30% drop year over year in operating expenses, the company was able to report a net loss of 9 cents per share in profit, above the 11-cent loss expected and narrower than the 18-cent loss a year earlier....MORE