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  1. Today
  2. sunnypease

    Canadian Solar (CSIQ)

    sounds like the way you want to run a solar company. no sense selling & losing money. just simply scale back. CSIQ down the least out of all solars now. Should have grabbed some this pre market!
  3. MVA

    Canadian Solar (CSIQ)

    Did Qu mention anything about buyout schedule?
  4. SCSolar

    Canadian Solar (CSIQ)

    The con call did not sound bad. The Guidance was lowered for the full year but Q3 looks strong. Margins are being suggested as strong. Q4 Guidance looks to be similar to Q1 18 volumes. The revenue outlook for Q4 looks to be about $1.2-$1.3Billion.
  5. Mark

    Canadian Solar (CSIQ)

    Truer words were never spoken. It's been pretty frustrating investing/trading the solars over the years.
  6. sunnypease

    Canadian Solar (CSIQ)

    Solar is a cyclical business where it seems nobody wants to throw the companies a line & help out with some multiple expansion when the demand goes into the trough.
  7. Mark

    Canadian Solar (CSIQ)

    Blah. Well, at least the margins are still good. 🙄 Buy up shares, Qu, buy up shares.
  8. Klothilde

    First Solar (FSLR)

    Erdogan says Turkey will boycott US electronic goods, including Apple’s iPhone https://www.cnbc.com/2018/08/14/erdogan-says-turkey-will-boycott-us-electronic-goods-including-apple.html Let's all pray they don't classify solar panels under electronics you guys.
  9. Yesterday
  10. SCSolar

    Hanwha Q CELLS (HQCL)

    HQCL reported today and the transcript is out. They are suggesting the decline in input costs is going to more than offset the decline in module price that will help in the gross margins. That is similar to what JKS has indicated for the second half. https://seekingalpha.com/article/4198574-hanwha-q-cells-co-ltd-hqcl-ceo-seong-woo-nam-q2-2018-results-earnings-call-transcript?part=single and for Q3 and Q4 following the subsidy cuts in China, we expect ASPs to go down. But we believe that that's going to be accompanied by a corresponding decline and input prices such as wafer and other raw materials for cells and modules. So the margin outlook actually is expected to improve for the second half of 2018, especially given that we have a lot of shipments to take place in value added markets such as European state.
  11. sunnypease

    Solar News

    I guess the US is planning to power things with Trump gas. Or maybe a wind turbine that sits in front of his mouth.
  12. Klothilde

    Solar News

    SMA Solar paints gloomy global solar market picture as order backlog plummets https://www.pv-tech.org/news/sma-solar-paints-gloomy-global-solar-market-picture-as-order-backlog-plumme Good Gracious. Only 103GW expected in 2020.
  13. Klothilde

    JinkoSolar (JKS)

    Their wafer conversion cost must be running at 5-6 cts/w, which means they currently produce wafers for 10-11 cts/w. Halting their wafer operations entirely and switching to external wafers, which currently only cost 7 cts/w, may provide them with humongous cost savings for a little while (as long as wafers trade so cheaply). They may have pulled this trick to spice up Q3 margins, who knows.
  14. sunnypease

    First Solar (FSLR)

    transcript quotes: latest Our other bookings for the quarter were primarily module sales and include deals with various U.S. customers as well as international bookings in Turkey, France and other locations. When we got into the international markets, we highlighted the volumes in Turkey, which, again, is a customer that we haven't done a lot of volumes with in the past. q2 2017 In Europe, our bookings this past quarter were primarily in Turkey as a result of our partnership agreement with Zorlu. 2017 10K During 2017, Zorlu Enerji and RCR O’Donnell Griffin Pty, Ltd each accounted for more than 10% of our modules business net sales. During 2017, the foreign countries with the greatest concentration of customer risk were India and Turkey which accounted for a total of 9% of our consolidated net sales In the 10K there is a table that lists revenues from each country: https://www.bamsec.com/filing/127449418000011/1?cik=1274494&table=297 United States $ 2,273,774 $ 2,418,974 $ 3,634,340 India 141,491 158,182 134,462 Turkey 124,433 18,809 1,726 Australia 108,643 9,568 185,064 Jordan 2,255 103,022 17,112 Spain 379 141,319 797 All other foreign countries 290,349 54,689 139,149 Net sales $ 2,941,324 $ 2,904,563 $ 4,112,650
  15. Mark

    First Solar (FSLR)

    So are we worried about their big Turkey supply deal or no?
  16. explo

    Trading Strategy

    Seeing clearly how massive diversification alters the portfolio properties I've restarted the portfolio with its inception being August 1 2018 (previous inception was January 1 2016). There are still some incomplete fund transactions. The major one is sale of a previously over allocated very volatile CTA fund. It will be sold next month. If it can behave until then (not influence the fund basket volatility too much) the inception point will hold in terms of correctly reflecting the start of the new massive diversification strategy. I can't believe it took me 20 years of investing to learn what everyone was teaching - risk diversification is the free lunch of investing and it is stupid to not exploit it. Success yet to be proven..
  17. SCSolar

    JinkoSolar (JKS)

    My view is 2 main issues that are glaring. 1: Q4 Guidance has to be HUGE and far exceeding their best quarters shipment ever and up to 30% increase over Q3 guidance 2: Serious concerns on margins with the ASP falling and their current cost structure and decision not to give any information on future cost structures.
  18. singular

    JinkoSolar (JKS)

    Surprised by the 17% thrashing today. They still earned 40 cents for the quarter and are maintaining full year guidance. Margins will improve rest of year. This trading is very short sited. I do not own any JKS stock but man, this is ridiculous.
  19. SCSolar

    JinkoSolar (JKS)

    There goes my 20% pre ER earnings gains. Gone in 60 seconds. The con call became defensive. Suggestions that they are no longer giving cost guidance. Suggestions that Q4 guidance is unusually high and may not be met. Serious questions on how they could be so wrong on margins and how they can be trusted for the second half. Defending long term pricing but then acknowledging they are market price competitive. Dodging going private potentials as not currently planning.
  20. pg6solar

    JinkoSolar (JKS)

    Just check the calendar. Jinko reported Q1 on June 26th! Shame on them. "Go private" or not, they are no longer to be trusted. There's only one left for now and hopefully Qu will keep his word. Then the true king - FSLR - will be the only one US listed. While I hope CSIQ can report close to 20-22% Q2 GMs guided, their Q1 call was in mid May or two weeks prior to CN policy shift, so unlike JKS, they have a valid reason should they come under, which most likely they will unless they sell more plants (which based on releases is unlikely). How market will look at it is anyone's guess.
  21. Klothilde

    JinkoSolar (JKS)

    They are repeat offenders when it comes to guiding badly. During their Q4 2016 con call (two months into Q1 2017) they guided 12-15% GM in Q1 and it ended up being 11%. I think they know they can get away with anything when it comes to guidance. No chance in hell there will ever be a raid at their CN headquarters to check their forecast tools and emails.
  22. pg6solar

    JinkoSolar (JKS)

    About two weeks ago JKS to CSIQ delta intraday was about .20 cents, then JKS ran up to over $2 in just over a week. In PM now delta is back to about .20 cents (I have now idea what CSIQ will report tomorrow, nor market's reaction to it).
  23. pg6solar

    JinkoSolar (JKS)

    So first they blamed OEM for drop in GMs in Q2, now they are crediting OEM (due to falling component prices) as a defense of their Q1 comments regarding 15% GMs for H2. Time will tell.
  24. pg6solar

    JinkoSolar (JKS)

    JKS' "explanation" of why GMs fell is total BS. They reported Q1 in mid June. They did not know that GMs will fall from 14% to 12% with two weeks left in Q2? Who will believe their H2 guidance of 15+% GMs with even more OEM?
  25. Klothilde

    JinkoSolar (JKS)

    Why did they tell us margin would remain stable in Q2? Why? From Q1 con call: "...So, actually the gross margin we think in the second quarter is quite stable quarter-by-quarter. But for the second half year we expect a moderate improvement for the gross margin..."
  26. SCSolar

    JinkoSolar (JKS)

    ER out with more details https://finance.yahoo.com/news/jinkosolar-holding-co-ltd-sponsored-100000028.html Notes: Guidance is 2.8-3GW for Q3. If they meet high end Q3 shipments, that means Q4 will have to ship 3700MW to meet low end guidance.
  27. SCSolar

    JinkoSolar (JKS)

    Q2 presentation is out. 2794MW shipped 12% margins $915M in revenue $0.40 in EPS No change in shipment guidance. Blended cost $0.323 (includes shipping and warranty) http://ir.jinkosolar.com/static-files/49fa91d8-2213-4530-b826-46d25d1cd398
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