China Tracker - Details for China Hydroelectric (CHC)

 China Hydroelectric
Shares Outstanding (MRQ): 51.10 mill
New Shares / Dilution (TTM): 13.58 mill36.18%
Cash (MRQ): 17.10 mill0.00%
Account Receivables (MRQ): 5.21 mill0.00%
Account Receivables (Q/Q): + 0.86 mill19.61% 
Long-Term Debt (MRQ): 272.85 mill0.00%
Revenue Growth (Q/Q): 15.67% 
Revenue Growth (Y/Y): -27.25%
Net Income Growth (Q/Q): N/A (LOSS) 
Net Income Growth (Y/Y): -268.41%
EPS Growth (Y/Y): -223.67%
Net Margin (Q/Q): -38.3% (-48.7%)10.40% 
Net Margin (Y/Y): -38.3% (16.5%)-54.80% 
EPS | P/E (2 MRQ Projection): -$0.360.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Ernst & Young
* operating cash flow data not (yet) included
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.250.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2010-01-25 
IPO Price: $16.00 (-100.00% since IPO)

 Business Outlook

Although Yunnan experienced normal rainfall during the first half of 2011, less than favorable rainfall was realized in Fujian and Zhejiang as a result of fewer typhoons than normal. The net impact of this year's rainfall on the Company's full year results remains uncertain at this time.

(Source: PR Newswire, 2011-08-15)

Although Yunnan continued to experience normal rainfall during the first quarter of 2011, less than favorable rainfall was realized in Fujian and Zhejiang as a result of fewer than normal monsoons. However, the impact the rest of the year's rainfall will have on the Company's full year results remains uncertain at this time as the precipitation level in the upcoming quarters is not known.

In addition to our 563.8 MW capacity as of today, we have signed an MOU for the remaining two Taiyu Projects in Fujian, Yangkou, a 48 MW project and Huangtangjia, an 11 MW project. Consummation of these two acquisitions is expected to occur this year.

(Source: PR Newswire, 2011-05-19)

The Company believes that the significant increase in its aggregate installed capacity in 2010 will lay a solid foundation for its performance in 2011. In addition to our 548.8 MW capacity as of December 31, 2010, we signed a definitive agreement in November 2010 to acquire the Dazhaihe project, a 15 MW facility in Yunnan, and an MOU for the remaining two Taiyu projects in Fujian (Yangkou, a 48 MW facility, and Huangtangjia, an 11 MW facility). We expect these two acquisitions to close in the first half of 2011. The Company has a robust target pipeline of projects which collectively represent over 2,000 MW of capacity. Management favors acquisition targets in Yunnan province, where hydroelectric power projects have higher capacity factors, better hydrology, lower costs per megawatt, and more potential for tariff appreciation.

The Company is pursuing additional debt financing, which in addition to our positive cash flow, would enable China Hydroelectric to fund future acquisitions. In reviewing our operating results project by project and region by region, energy production was below normal in 2009 and above normal in 2010. It is reasonable to anticipate 2011 energy production will more closely resemble normal year production.

(Source: PR Newswire, 2011-03-31)

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 Analyst Coverage (show more)
2011-05-24Roth CapitalReiterationBuy$7.00
2011-05-23Morgan JosephReiterationBuy$13.00
2011-04-07Morgan JosephReiterationBuy$15.00
2011-04-04Brean MurrayReiterationBuy$10.00
2011-04-01Roth CapitalReiterationBuy$9.00

CHC is currently followed by 4 analysts. 3 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 10.00.


    see all Analyst Ratings
CHC
Clean Energy
SCORE
-3
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for CHC
Current Price:  n/a
F10k Day (2010-01-25): -100.00%$13.90
2010 Close: -100.00%$7.39
2011 Close: -100.00%$1.14
High (2012-03-09): -100.00%$2.44
Low (2012-07-10): -100.00%$0.62
Exchange:
Market Capitalization: n/a
Total Shares: 51.10 mill
Float: n/a
Avg Volume: 20.90 k
Short Interest: 386.80 k
Short Ratio: 1.97%18.5 d
Last Quarter: 2011-03-31
Revenue (MRQ): 11.51 mill
Net Income (MRQ): -4.40 mill
all financial data provided without warranty