Mike Dedmonton
Solar Investor-
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Everything posted by Mike Dedmonton
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Any thoughts on upcoming earnings? Seems they restored sales volume but had a slight decrease in revenue indicated. 1 site has -0.07 eps. Worried that shorts will pile on though frankly, they will probably dog pile on anyway even if the results were good.
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Maybe the overcapacity problem won't be as large as everyone anticipates. http://www.pv-tech.org/news/solar-cell-and-module-capacity-expansions-absent-in-china-in-3q-2016
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Brookfield was not bidding on TERP primarily because of auction rules - but it won't give up what it holds now. Not sure if anyone has announced bidding on GLBL.
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Cleantechnica indicates the assets SUNE owed GLBL were sold. I am annoyed, but apparently market likes it - thinks we may get cash back. Think they are optimistic, but hoping for the 6+ buyout.
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Any thoughts on why JASO never enjoyed the post 2012-13 run up that other solars did?
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Thought this might be a good buy at $ 6, but not so sure now. BS doesn't look as strong as I first thought. Total current liabilities is 1.5 B$ (long term less than 0.5 B$). Inventory doubled from last quarter. AR slightly increased but accounts payable jumped by 50 %. Maybe this is normal for them, but now I wish I had jumped at $ 6. Anyone have a thought on what type of price this is fairly valued at, considering the down trend in the market?
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CSIQ is planing to have manufacturing cost by 2017 4Q of 0.29/wt. Not sure why the big freakout about reduced module cost - this is a good thing. We need more solar and these are the prices that will leave coal in the ground. I think the comments from JASO are spot on - there will be a significant surplus, but not the one Bloomberg was forecasting. Enjoyed the article, but disapoointed to learn you have given up on CSIQ for now.
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Picked up JASO for a swing. Would be really appreciated if the CEO came in and confirmed the buyout (lol). Holding CSIQ for long term. CSIQ seldom trades for long below p/e of 5, but maybe this will be the exception this year. I think the capacity addition is being exaggerated based on announcements, not on shovels in the ground. You think SUNE is going ahead with a new module plant in India?