MVA

USD/CNY 6.9131 as of now... steadily moving to $7

This particular Mustang plant was in operation since Q3/2016. Probably recovered some portion of its cost with electricity sells by now. But stock is simply dead! Volume is ridiculous... Nobody sells & nobody buys...

JinkoSolar Announces Proposed Follow-on Offering of 3,750,000 American Depositary Shares... https://finance.yahoo.com/news/jinkosolar-announces-proposed-offering-3-202900817.html

CNY continue to fall: 6.87/USD as of now. Step by step increasing margin for Canadian solar!

Looks like US tariffs hike on Chinese imports already have positive effect on Canadian Solar's margin: CNY is falling...as of now USD/CNY is 6.8... They don't ship PV panels of chinese origin to USA since 2016 anyway, but for other markets, especially EU, it will help a lot to make more money. Forex traders say CNY/USD may go up to 7+ if Trade deal is not reached until end of this week... I think Chinese government will continue to devalue their currency to offset 25% increase in US tariffs.

"...JinkoSolar has secured new solar panel orders totalling 10.7GW in the first four months of 2019, setting a company and industry record" https://www.pv-tech.org/news/jinkosolar-sets-new-solar-panel-order-intake-at-10.7gw-in-first-four-months

What is FSLR cost per watt now?

Agreed. Entire amount definitely recognized not in Q2. But if at least 60% of it enters 2019, we may see Revenue crossing $4 bn threshold.

We will see in Energytrend comments tomorrow if it is typo or not...

And yet PV module prices jumped big this week... https://www.energytrend.com/solar-price.html

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

A little bit more details here... https://www.pv-tech.org/news/china-plans-to-enter-a-subsidy-free-solar-market-beginning-in-2021

China enters 18-month transition to subsidy-free solar https://www.pv-magazine.com/2019/04/11/china-enters-18-month-transition-to-subsidy-free-solar/ If this new policy will have similar effect on components cost in China as May 31 policy, then companies like Canadian solar (with 90% of their sales outside of China) will benefit enormously. Margins will be in the 20-25% range again.

Components (prices for poly, wafers & cells) are falling faster than modules again, increasing margin for tier 1 producers who contract their sales (with fixed prices) 3 months in advance: CSIQ, JKS.... https://www.energytrend.com/solar-price.html

It was always a strong signal to buy, when he (hoium) issued his "articles"... Proved by time.