371 replies to this topic

[explo]

Goldman's views - they say could accelerate yieldco, on the other hand, Neutral rating, $30 PT, citing "margins may be diluted". Can you say GS got caught short ??
 
http://www.streetins...s/10221633.html

Sounds like a strange reason. It's a new business with maybe lower GM than Ontario projects, but it does not dilute margin of existing business. At the end of the day it adds EPS and that's what matters.

[explo]

It's beautiful how the monetized Canadian pipeline and parlayed it into a monster worldwide pipeline.

This is exactly why I think I'm prepared to hold CSIQ for a long time now. The idea of Ontario as not the end model with replenish stress, but as the stepping board for downstream pipeline growth and transition to new monetization models for downstream is now fully proven. Japan can now be viewed as not the result of replenishment as Ontario is being tapped, but as a new even bigger stepping board into another big pipeline (or free to apply different model with 1 GW late-stage in US to complement it) into some of the maturing huge long-term markets (US and China).

Can't believe that they managed to get this at PE 1. Sharp must have missed the memo about Obama's new budget proposition. Everyone else saw this as robbery while Sharp was too focused on their strategic shift and ensuring survival of other business units.

I've seen this potential, but like the rest of the market (when they took it from $45 to below $20) saw risk until it proved real. A lot of cred to all of you who also saw this potential and dared bet on it and not giving up when it took some time to unfold and market took the stock down. Now I feel very relaxed holding CSIQ despite high market cap relative to CN4 peers. I agree that market might give it higher valuation now that they have significant US operations. Just look at SPI, strongarm controlled by Peng and still US investors think it is "US" and give this small developer controlled by proven reckless CN management a market cap close to CSIQ.

Let's sit back and enjoy the sentiment shift show as late adopters start their greed feeding frenzy. I hope Spirit is still holding and can enjoy this time that he talked about for so long.

On a separate note. Trina might need to step up their game here. CSIQ took a clear lead here. I wouldn't be surprised to see something out of Trina coming months.

[Tibilorio]

http://investors.can...1&p=irol-irhome

 

Reccurent Energy Adquisition....Australia booming!!

[pg6solar]

CSIQ reports 14Q4 and FY 2014 on Thursday, March 5th (as per Ed Jobs on the on-going call).

[Pop2mollys]

QU... "greatly increases chances of Yieldco"


Management is spewing confidence in this call... Love it

[explo]

http://investors.can...1&p=irol-irhome

 

Reccurent Energy Adquisition....Australia booming!!

 

Nice breakdown of the pipeline, but little info on the financials (Recurrent's cash and debt position). The BS link from Ed showed that book (March 31 2014) was higher than price though, so financials seems great.

[Pop2mollys]

Potter talking a lot about a Yieldco... Sounds like it's is a done deal.... Boom boom boom

[odyd]

The price of 265M based on start projects already in construction. 20 to 25% of 2.3B revenue in 2015 rest in 2016, like that.

[explo]

The price of 265M based on start projects already in construction. 20 to 25% of 2.3B revenue in 2015 rest in 2016, like that.

 

All of late stage seems to have 2016 COD. So it doesn't look like there will be much revenue recognition in 2015 from Recurrent. This could explain the low transaction price. Sharp could not carry Recurrent's net investments in 2015. CSIQ can.

[odyd]

All of late stage seems to have 2016 COD. So it doesn't look like there will be much revenue recognition in 2015 from Recurrent. This could explain the low transaction price. Sharp could not carry Recurrent's net investments in 2015. CSIQ can.

20 to 25% in 2015, The price of $265M includes project start costs.

[explo]

20 to 25% in 2015, The price of $265M includes project start costs.

 

Ok. 20-25% refers to 2015 COD not GM? I'm not listening to call, just reading preso. I'm not sure what price including costs mean..?

[explo]

Canadian Solar Schedules Fourth Quarter and Full Year 2014 Earnings Conference Call: http://finance.yahoo...-130500508.html

March 5

[Pop2mollys]

Lots of congratulations from analysts. Much different tone than last CC.

[odyd]

Half of the purchase price of $265M is a result of the company (SHARP) in construction costs.

Net income was described as following 7M per quarter expense and taxes. 15% $345M, $56M in expenses and probably  $43M in taxes or less with ITC return. So you looking at around $252M or some $4.58. I always forget about taxes.

[odyd]

We are better than SHARP in project management in words of Qu.

[sunnysky]

no impact on solar PPA yet from low oil prices.

[explo]

Half of the purchase price of $265M is a result of the company (SHARP) in construction costs.
Net income was described as following 7M per quarter expense and taxes. 15% $345M, $56M in expenses and probably  $43M in taxes or less with ITC return. So you looking at around $252M or some $4.58. I always forget about taxes.

Just to see if I get this. Of the 265m CSIQ pays Sharp, Sharp will put 132m (half) into Recurrent to cover their ongoing constructions costs? If so that sounds even better. 252m net profit sounds great.

[odyd]

Half of the 1GW is contracted for modules with third party.

[odyd]

Just to see if I get this. Of the 265m CSIQ pays Sharp, Sharp will put 132m (half) into Recurrent to cover their ongoing constructions costs? If so that sounds even better. 252m net profit sounds great.

Out of 265M CSIQ paid Sharp, the skeleton cost $130M and 135M was projects construction Sharp already put out for.

[explo]

no impact on solar PPA yet from low oil prices.

Thanks. As expected. I noted project life was 35 years for all projects in late stage pipeline. I don't think daily swings in oil price should have effect on a 35 years electricity PPA.