sunnysky

Meet China’s Clean Energy Wildcatters Who Are $9 Billion Richer http://www.bloomberg.com/news/articles/2015-06-23/meet-china-s-clean-energy-wildcatters-who-are-9-billion-richer?

UK installed 2.53GW of solar in Q1 2015 http://www.solarpowerportal.co.uk/news/exclusive_uk_installed_2.53gw_of_solar_in_q1_2015_3425

SoftBank, Bharti and Foxconn create joint venture for Indian renewable energy market http://www.photon.info/photon_news_detail_en.photon?id=93986

Scientists Launch $150B 'Apollo' Plan To Make Clean Energy Cheaper Than Coal Power http://www.ibtimes.com/scientists-launch-150b-apollo-plan-make-clean-energy-cheaper-coal-power-1948637?

Japan commits to 26 per cent cut in carbon emissions http://www.businessgreen.com/bg/news/2411224/japan-commits-to-26-per-cent-cut-in-carbon-emissions

SPI to Acquire Energiebau Solar Power GmbH http://www.prnewswire.com/news-releases/spi-to-acquire-energiebau-solar-power-gmbh-300091488.html?

Could Middle East Switch From Oil To Renewable Superpower? http://oilprice.com/Alternative-Energy/Renewable-Energy/Could-Middle-East-Switch-From-Oil-To-Renewable-Superpower.html

JKS starts construction on 500MW cell and 450MW module factory in Malaysia with the world's most advanced equipment. http://solar.ofweek.com/2015-05/ART-260008-8460-28961366.html They plan to finish and ramp up to full production scale within two months. Average module efficiency is expected to be 18.5%. The factory will serve North America and Asian markets.

Module cost drops to as low as 25 cents in the next decade? http://www.connectingindustry.com/EnergyManagement/another-nail-in-the-coffin-for-energy-companies-.aspx?

RBC Capital raised their PT from $15.00 to $18.00. http://www.tickerreport.com/banking-finance/540202/trina-solar-limited-pt-raised-to-18-00-tsl/?

This is not far off from what I think is Hanergy's thin film business: http://brontecapital.blogspot.com/2015/05/hanergy-let-there-be-no-doubt.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BronteCapital+%28Bronte+Capital%29

The question is who would buy it (is it more economical for a country to build her own), not temporarily but longer term? And either way I think the Saudis has to find other ways to support their economy post oil.

My gut feeling is that another equity offering could be in the cards when PPS gets around $13. Personally, I don't like it until the stock gets over $15.

Saudi Arabia minister sees day when nation exports solar power, not oil http://www.bostonglobe.com/business/2015/05/21/saudi-arabia-minister-sees-day-when-nation-exports-solar-power-not-oil/6LqzuD8DlgkluLCUNoUguL/story.html This makes one wonder what is the true reason behind Saudi's current strategy not cutting oil production. Do they want to sell as much oil as they can before its demise or to keep oil price low to damage the shale and renewable industries and thus delay the inevitable outcome? Anyone truly believe that Saudi would succeed in eventually becoming a solar power exporter?

Sorry for the delay but here it is. Cell Revenue: $ 15,642 (Module/Cell = 742.6MW / 47.4MW, I projected higher shipment than guidance.) Module Revenue: $458,927 (ASP = $0.618, Cost = $0.521, GM = 15.70%) Total Revenue: $474,569 Cost of Revenue: $401,352 Gross Profit: $ 73,217 GM: 15.43% (Slightly down from prior quarter's 15.49%) Selling and G&A: $35,413 R&D: $ 6,200 Opex: $41,613 Income from Ops: $31,604 Ops Margin: 6.66% Interest Expense: -$10,200 Warrants Gain/Loss: -$ 3,100 Other Gain/Loss: -$ 2,000 Income before tax: $16,304 Tax: -$ 2,446 (15% tax rate) Net Income: $13,858 Net Margin: 2.92% Less Non-Controlling: $ 500 JASO Net Income: $13,358 Share Count: 59,956,380 (fully diluted including warrants) EPS: $0.22 GAAP, $0.27 Non-GAAP Upside surprise: CSIQ surprised us with a huge FX gain. If JASO managed to pull out anything similar, we could be seeing $0.29/$0.35 GAAP and Non-GAAP EPS, respectively. There is no doubt that the company is going to blow out the consensus estimate coming Monday (I in fact wonder why the analysts played low ball here.). The stock action following the release, however, could be another story. GLTA!