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Showing content with the highest reputation since 03/24/2019 in all areas

  1. 1 point
    Looks like H2/2019 in China will be explosive: with about 15 GW PV installations per quarter... https://www.pv-tech.org/news/chinas-new-subsidy-programme-could-support-up-to-50gw-says-official
  2. 1 point
    You guys be careful, Q1 will be horrible for Canadian, that's no secret anymore.
  3. 1 point
    Only what the web shows. The web suggests they are a 200MW facility that assembles the modules in San AntonioTexas. They use Asian sourced components. They shut down their 100MW cell late 2016 https://www.pv-magazine.com/2016/10/03/mission-solar-energy-to-close-texas-cell-lines-lay-off-87-employees_100026343/ There warranty is 4 to 12 years on mechanical assemby and 25 yrs on power degredataion http://www.missionsolar.com/wp-content/uploads/2019/03/MSE-PV-Module-Limited-Warranty-2018-2019-4BB-5BB.pdf They wholesale for around $0.70/watt https://www.bluepacificsolar.com/best-solar-panels.html It looks like they are a subsidiary of OCI lmtd, those same Multi National guys who make Poly in Seoul Korea. http://www.missionsolar.com/about-us/ They started up around 2014 and have panels installed in the Alamo1 power plant located in San Antonio area. https://newsroom.cpsenergy.com/made-san-antonio-solar-panels/ Hope this helps.
  4. 1 point
    Updated investor presentation out: http://investors.canadiansolar.com/static-files/48509dd8-8e15-4d99-90f8-c22fa89905f8 Anything interesting you guys? I noticed they've started playing with quasi-mono. But why?
  5. 1 point
    Hmmm, Q4 DQ had 61% production being mono. In Q1 they are forecasting 78% of their production will be mono. To me that sounds like the Multi ASP drop will not impact them significantly for now. As you can see from their transcript below they indicate that Mono would not drop much due to the production costs of most online. In fact they were suggesting due to ratios of mono vs multi poly and much better pricing on Mono and more production Q1 should be improved margins. As for the price tightening, when everyone refines and moves from junk poly to mono quality, then the Si price for Poly wafer production will rebound as the glut will be less. That price rebound for poly would create a narrowing in the price gap. That suggests that that while Mono may decline some, it will not necessarily decline much since the Mono wafers is ramping much faster this year in wafer productions vs last year. Now to add to that DQ, is suggesting they will reduce cash costs to $6.0/KG. That is close to 20% from the Q4 producton costs, This means that they can easily maintain profitability with handle the price dropping 20% from Q4 levels to $~8/KG . When you recognize they will have 2x the capacity and $6/Kg cost, the spread and margins can be narrower and they can make more money than now come 2020. https://seekingalpha.com/article/4248446-daqo-new-energy-corp-dq-ceo-longgen-zhang-q4-2018-results-earnings-call-transcript?part=single "For example, I can say an example, in Q4, our monosilicon supply is around 61%. So, if you look our gross margin, our monosilicon price ASP is around like $10 and the multi is around $6.30 or whatever. Our ASP is around like renminbi is around like – US dollar maybe around like $9.50. So, we see in Q1, we will get more improved our gross margin, the reason because first of all, the monosilicon percentage will increase to around 77%, 78%,"
  6. 1 point
    I've lost count of how many times they have lied to investors. I buy their audited financial statements but not much more than that. That's just me.
  7. 1 point
    Just like you've been predicting Daqo to lose money for the last three quarters and every time you were wrong. They don't need prices to rise (although that would be a nice bonus). They just need prices to stabilize somewhere, and to have costs below that. So far, their cost-cutting has managed to stay ahead of the price declines. I see no reason for that to cease.
  8. 1 point
    Exactly, Explo. CN solars should be bought when everyone is selling them (or better yet sold alredy) and sold when everyone is buying them (or better yet bought already), not the other way around. I.E.:JKS should have been bought last quarter of last year at $8-9 and sold earlier this month once it hit $20 (none can pick absolute top and bottom); just like CSIQ should have been bought for much of last half of last year at $12-13 and sold this month in $22-23. I believe we won't see irrational move in solar circa 2009/10 and 2012/13 again. So double is good enough, triple is great. Just do no think CSIQ will get to $40 (without yieldco anticipation of 2014) nor JKS will hit $30+ without Power. Those days are done. Possibility of high margins return is hard to see when all legacy projects are gone and only low margin businesses remain where volume will be everything. Brian Lee asked JKS on Friday where are they going to get $500M without an equity raise they need to expend to 15GW. I did not hear a clear answer from Jinko's side, cause there isn't.
  9. 0 points
    Yes after a decade of negative retained earnings trend they might finally get back that 2.5 billion of raised shareholder capital that they now have burned down to below zero. Not. The company is still valued at over a billion for this achievement. That's what's impressive.


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