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Q3 246MW of modules sold

odyd12

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Wednesday, November 28th 2012, 6:48am

Q3 246MW of modules sold

JA beat the guidance. Huge numbers in China, we saw that in our article, so I am happy we did not missed it. 0.72 is better than Jinko's 0.68 so geography is playing big time as Japan and Austalia offsets JA a lot better than Jinko's overseas shipments. Nice work on the BS by JA as well. $16M cash out but $83M of debt out with it. Good cash flow.
I think the light is there at the end of the tunnel. With prices holding for 3 weeks in ASP, things can get interesting in January once more. I am really happy with Synergy going to have plant in Turkey, moving equipment from China, what a ballsy move.

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