Wednesday, April 29, 2009

Akeena Solar: Q1 Revs Light; Q2 Guidance Below Ests And: First Solar Reports After Close (AKNS; FSLR)

Although the bigger event is FSLR's Q1, keeping an eye on AKNS is a shorthand way to follow the installers. AKNS is trading down a penny at $1.09, first Solar is up $8.16, trading at the day's high, $154.82.
From Tech Trader Daily:

Akeena Solar (AKNS) this morning posted Q1 revenue of $7.6 million, well below the Street consensus estimate of $9.2 million. The solar power installation company said that commercial sales remained “weak.” Akeena posted a loss in the quarter of 17 cents a share, one penny worse than expectations.

For Q2, the company sees revenue flat to slightly down compared to the $7.06 million reported a year ago; the Street has been expecting $10.47 million....MORE