The quarterly results of Yingli (NYSE:YGE) and SunPower (Nasdaq:SPWRA), along with solid guidance, is pulling up the overall solar sector today, including First Solar (Nasdaq:FSLR), LDK (NYSE:LDK), JA Solar (Nasdaq:JASO), First Solar (Nasdaq:FSLR) and Suntech Power (NYSE:STP).
For Yingli, they concentrated on shipments in their guidance, with a full year 2011 estimate of 1,700 to 1,750 megawatts, which equals an increase of 60.1 percent to 64.8 percent over full year 2010.
SunPower gave a full year 2011 EPS estimate of $2.00 to $2.20 a share, on revenue of $2.80 to $2.95 a share. Consensus is for EPS of $1.87 and revenue of $2.77 billion.
Concerns still remain in place for the solar sector concerning subsidies, which European countries like Italy and Germany have implied they may cut back on in 2011.
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