odyd

Canadian Solar (CSIQ)

6,942 posts in this topic

45 minutes ago, sunnypease said:

But you must not agree.  You are waiting on the sidelines for this ER?  

Trying to decide if I should sell it all off in the face of this possible market selloff.  

In other words... Seems like solars for the past few quarters have the habit of selling off before going back up after an ER that shows declining margins.

I think those are ballpark GMs. ASP and cost can vary based on product mix (mono/multi) and geographical mix for the sales in the quarter. My problem with CSIQ is not so much that they are behind in control of their blended cost due to their high reliance on outsourcing, since they are changing their investment philosophy this year to invest more in manufacturing capacity. My main problem is with the price of the stock and some uncertainty around how their plan to massively monetize US projects this year will fall out.

They sold 3 projects in Canada in Q1 that will boost their net margin, but not their gross margin. I'm not sure what the market will focus on, but I find the other CN3, DQ and FSLR more risk/reward attractive at these stock prices.

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8 hours ago, odyd said:

Looks like the half cut cell technology REC Solar launched some years ago in their TwinPeak panels.

http://www.recgroup.com/en

http://www.recgroup.com/sites/default/files/documents/whitepaper_twinpeak_technology.pdf

Good that this tech is not exclusive to REC.

 

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On 5/18/2017 at 9:57 AM, explo said:

They sold 3 projects in Canada in Q1 that will boost their net margin, but not their gross margin. I'm not sure what the market will focus on, but I find the other CN3, DQ and FSLR more risk/reward attractive at these stock prices.

Are you expecting the sales of the 3 projects to show up in Q1? The transcripts on SA stated that these will be in Q417. It reads as if they have sold them but there may be some acceptance terms before completion of the sale.

https://seekingalpha.com/article/4056870-canadian-solars-csiq-ceo-dr-shawn-qu-q4-2016-results-earnings-call-transcript?part=single

"The sales of the other three operating solar power plants in Canada was closed in February for over C$257 million including the associated projects and will be reflected in our financial statement for Q4 2017."

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49 minutes ago, SCSolar said:

Are you expecting the sales of the 3 projects to show up in Q1? The transcripts on SA stated that these will be in Q417. It reads as if they have sold them but there may be some acceptance terms before completion of the sale.

https://seekingalpha.com/article/4056870-canadian-solars-csiq-ceo-dr-shawn-qu-q4-2016-results-earnings-call-transcript?part=single

"The sales of the other three operating solar power plants in Canada was closed in February for over C$257 million including the associated projects and will be reflected in our financial statement for Q4 2017."

Maybe a transcription error. This is what the PR said:

The transaction was closed on February 1, 2017 and the Company expects to recognize the difference between the sales proceeds and the book value of the projects under 'Other income (expenses)' in the income statement for the first quarter of 2017.

http://investors.canadiansolar.com/phoenix.zhtml?c=196781&p=irol-newsArticle&ID=2243208

 

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This will show as other income and probably be flat. Chinese plants sale is one I am curious about.

Sent from my SM-G950W using Tapatalk

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4 hours ago, odyd said:

Looks like CSIQ is playing in the high-efficiency market.

http://investors.canadiansolar.com/phoenix.zhtml?c=196781&p=irol-newsArticle&ID=2277549

360w for multi is great. I hope JKS and JA gets into the half-cut cell tech too. REC obviously doesn't have exclusivity.

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