OMG! SOL smashes estimates and guides higher

larryvand

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Thursday, March 14th 2013, 4:13am

OMG! SOL smashes estimates and guides higher

Q4: 713.2 MW up 34% from 532MW in Q3
Revenues $306.5 million in Q4 up 40.5% from Q3
Gross profit: a profit of $10.3 million +3.3% GM in Q4 versus a loss of $39.2mil and -18% GM in Q3

Beat top line and bottom line by a mile...

http://finance.yahoo.com/news/renesola-l…-110300050.html

This post has been edited 1 times, last edit by "larryvand" (Mar 14th 2013, 4:26am)

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uchsteve

Pop2mollys

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Thursday, March 14th 2013, 4:18am

2013 Guidance

-Outlook
For Q1 2013, the Company expects total solar wafer and module shipments to be in the range of 660 MW to 680 MW, with solar module shipments expected to be in the range of 280 MW to 300 MW. Revenues are expected to be in the range of US$260 million to US$270 million and gross margin is expected to be positive.
For the full year 2013, the Company expects total solar wafer and module shipments to be in the range of 2.7 GW to 2.9 GW, with solar module shipments expected to be in the range of 1.4 GW to 1.6 GW.

That YoY growth is unreal!

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uchsteve

larryvand

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Thursday, March 14th 2013, 4:19am

They shipped 320.5MW modules again smashing guidance of 250-270MW

That's a 120% growth over Q3!!!!!!!!! ASPs were 63c

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larryvand

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Thursday, March 14th 2013, 4:24am

SOL's guidance is some 30% HIGHER than analysts were expecting... this is HUGE...

Current estimates are for $204.15mil.... and the company is guiding to $260-$270mil... Renesola business and growth is ON FIRE!!!

http://finance.yahoo.com/news/renesola-l…-110300050.html

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Pop2mollys

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Thursday, March 14th 2013, 4:25am

"In Q1 2013, the Company expects its total solar module production cost to decrease to approximately US$0.55/W"

Very very nice.... Producing the most efficient module on market and their production costs are killing competitors

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larryvand

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Thursday, March 14th 2013, 4:29am

With these numbers and 30% higher guidance, we should double from here in a hurry...

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photon

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Thursday, March 14th 2013, 4:31am

Looks like I will be chasing. Good for SOL and it's shareholders.

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Pop2mollys

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Thursday, March 14th 2013, 4:32am

It's becoming pretty clear SOL will be a survivor and dominate market. Their Virtus module are absolutely stealing everyones market share. They have great management, in house poly, and lowest production costs of anyone. No convertibles due till 2018. It's going to explode Larry....

Vegas Anyone? Yeaaaaaaaah baby!

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larryvand

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Thursday, March 14th 2013, 4:34am

Gap up baby. Everyone will be chasing this all day today and Friday and the rest of the month. Current price is the biggest bargain in solar. Renesola could do $1.2-1.4 BILLION in sales in 2013. That will be an ALL TIME record.

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Boss

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Thursday, March 14th 2013, 4:35am

Love my SOL. What a great outlook for 2013.
Now lets hope that ASP will increase from $0.63 level in 2013 and SOL will be the winner.

More comments after CC.

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Believer

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Thursday, March 14th 2013, 4:35am

OMG..OMG SOL will be a module-gorilla soon. Very impressive. I thought already after Li said
in last CC that they will probably sale around 1000MW modules in 2013 that they could maybe sale
1100-1200, but 1400-1600 MW modules is unbelievable, GREAT!!!!!!!!!!!!!!!

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larryvand

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Thursday, March 14th 2013, 4:37am

Pop2mollys, it is very clear that Renesola is WINNING in a big way. They are destroying the competition. 1.4-1.6GW modules and 2.7-2.9GW total in 2013 is UNREAL!!!! They are becoming the biggest solar gorilla out there. And it's all because of superior management.. by a mile.

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Pop2mollys

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Thursday, March 14th 2013, 5:32am

This is a very very bullish CC...

They were cash flow positive in Q4 and and see there cash position improving as well as ASP pricing increasing

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Pop2mollys

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Thursday, March 14th 2013, 5:36am

Citi group very impressed by results and amazed by huge reduction costs

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larryvand

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Thursday, March 14th 2013, 5:52am

This was just stated during the CC: SOL is very confident with 2013 guidance and they are currently sold out till June. WOW!

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larryvand

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Thursday, March 14th 2013, 5:53am

SOL CC: they expect ASPs to be the same as Q4 in Q1 and increase 3-4c in Q2.

IMO, SOL will be profitable as strong ASPs, strong sales and low costs (full 10,000MT at below $15 cash costs) all hit at the same time in Q2.

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Lepv123

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Thursday, March 14th 2013, 6:03am

Larry and POP and anyone else, what do you think is

a fair and conservative target price for SOL 12-18 months out? I still can't find what their projected EPS is for 2013, therefore, I have no idea what PE to work with. Thanks.

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littleguyintucson

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Thursday, March 14th 2013, 6:19am

Operationally given the numbers and guidance, one can expect wafer margins relatively flat for the year at around 1 penny per watt. The module business should be looking at $0.06 per watt in Q1 and if cost reductions happen and ASP creeps up in Q2 a few pennies back to $0.63, Wiht shipments pushing 725-750MW in Q2, SOL could be looking at a slight loss in Q2 from an operation perspective. Q3, with proper volumes and ASP, they could be pushing into the black.

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larryvand

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Thursday, March 14th 2013, 6:27am

Lepv123, Renesola is twice as big now as it was the last time their PPS was at $15/sh. IMO, SOL at $2s is freaking ridiculous. The company is going to generate $1.2+ BILLION sales in 2013 IMO yet it's trading at 1/10th that. Obviously profitability is important and we may not see the true value of the company till profits start rolling in. But if in 12-18 months SOL is below $6-8 I would be surprised. JMHO