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Guest Klothilde

First Solar (FSLR)

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6 hours ago, Mark said:

Why did we have to wait for that comment about China impact for a full month?  What Widmar said could have been said the day or three after the announcement!  Their IR sucks.

Judging by our analyst friends and the price action it seems like we are OK.

Yeah they are the least pumping company I know.  Heck they don't even do pro forma accounting, right?

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I've read that the recent FB & NFLX shocks have caused I think Morgan Stanley to reevaluate growth vs value with a shift from growth back to value.  I hope this means a tidal wave of money is heading towards FSLR!  

JPMorgan out with a 79 PT this morning.

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geez  so much for the slow climb back up. 

FSLR selling off more than the rest.  Maybe because of this in the 10K?

"During 2017, Zorlu Enerji and RCR O’Donnell Griffin Pty, Ltd each accounted for more than 10% of our modules business net sales."

 

 

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1 hour ago, sunnypease said:

geez  so much for the slow climb back up.

I hear you.  Same thing for DQ, RUN, and ENPH.  Nobody can sustain any momentum, although they're all making money (some more so than others), and the future is bright for all of them.

Meanwhile Tesla loses $13/share/quarter, and is valued at over $300/share.  Now I appreciate Musk's vision, but that's just plain ridiculous.

Sigh....

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1 hour ago, solarpete said:

I hear you.  Same thing for DQ, RUN, and ENPH.  Nobody can sustain any momentum, although they're all making money (some more so than others), and the future is bright for all of them.

 Meanwhile Tesla loses $13/share/quarter, and is valued at over $300/share.  Now I appreciate Musk's vision, but that's just plain ridiculous.

Sigh....

Hang on.  I realized what is happening.

 

It's options expiration day.  And magically the price fell below

With FSLR, magically the price fell right below the 52.50 call.  

About 670 calls expiring worthless.  

That is a whole lot of money.  

This is why you really need computers to trade stocks.. there are so many pockets of value:  how many shorts & what are their fees, what options are outstanding and about what value were they sold for.  when one of these beats the cost to support a price, then the price changes.  

Another big problem I think is wash trading.  I don't think the people running the markets really have a grasp on how to prevent that.

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So are we worried about their big Turkey supply deal or no?

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31 minutes ago, Mark said:

So are we worried about their big Turkey supply deal or no?

transcript quotes:

latest

Our other bookings for the quarter were primarily module sales and include deals with various U.S. customers as well as international bookings in Turkey, France and other locations.

When we got into the international markets, we highlighted the volumes in Turkey, which, again, is a customer that we haven't done a lot of volumes with in the past. 

q2 2017

In Europe, our bookings this past quarter were primarily in Turkey as a result of our partnership agreement with Zorlu.

 

2017 10K

During 2017, Zorlu Enerji and RCR O’Donnell Griffin Pty, Ltd each accounted for more than 10% of our modules business net sales.

During 2017, the foreign countries with the greatest concentration of customer risk were India and Turkey which accounted for a total of 9% of our consolidated net sales

In the 10K there is a table that lists revenues from each country:

https://www.bamsec.com/filing/127449418000011/1?cik=1274494&table=297

 

United States
 
$
2,273,774
 
 
$
2,418,974
 
 
$
3,634,340
 
India
 
141,491
 
 
158,182
 
 
134,462
 
Turkey
 
124,433
 
 
18,809
 
 
1,726
 
Australia
 
108,643
 
 
9,568
 
 
185,064
 
Jordan
 
2,255
 
 
103,022
 
 
17,112
 
Spain
 
379
 
 
141,319
 
 
797
 
All other foreign countries
 
290,349
 
 
54,689
 
 
139,149
 
Net sales
 
$
2,941,324
 
 
$
2,904,563
 
 
$
4,112,650
 

 

 

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