Jump to content

Recommended Posts

Right on, thanks.  I have an email into IR to see if they have comments.

Share this post


Link to post
Share on other sites

Tomorrow is investor day @ FSLR.  Hopefully we'll see some upgrades after and CSIQ & others will follow FSLR back up. 

DQ dropping hard on this is a mystery.  What does BEAT have to do with poly pricing?  Those two seem far as far from each other as you could get.

Looks like a little bounce is starting.

Share this post


Link to post
Share on other sites

From CSIQ:  

We have not had any analysis yet given it was a late Friday
development. The company will be monitoring.

Share this post


Link to post
Share on other sites

NEP just drops a lot too.  The whole renewable sector just get dumped.  Looks like it is BEAT related.

Share this post


Link to post
Share on other sites
4 minutes ago, Jetmoney said:

NEP just drops a lot too.  The whole renewable sector just get dumped.  Looks like it is BEAT related.

NEP may have a problem when PTC credits are attacked by the house bill. However, all those companies reside in the US.  NEE gets all the credits.

Share this post


Link to post
Share on other sites

so what is the problem with DQ? it does not operate in the US?

Share this post


Link to post
Share on other sites
49 minutes ago, dydo said:

NEP may have a problem when PTC credits are attacked by the house bill. However, all those companies reside in the US.  NEE gets all the credits.

https://www.bloomberg.com/news/articles/2017-12-04/solar-companies-slip-as-tax-plan-creates-dark-cloud-for-industry

“The amount of of tax equity financing available may decline given then the lower tax rate, which could potentially be negative for First Solar and SunPower,” Ben Kallo

 

So maybe this could be the cause for the drop.  I remember seeing research notes from Credit Suisse in the spring that were analyzing the effect on tax equity value given that companies will have less tax to apply credits to.

Share this post


Link to post
Share on other sites
3 minutes ago, sunnypease said:

https://www.bloomberg.com/news/articles/2017-12-04/solar-companies-slip-as-tax-plan-creates-dark-cloud-for-industry

“The amount of of tax equity financing available may decline given then the lower tax rate, which could potentially be negative for First Solar and SunPower,” Ben Kallo

 

So maybe this could be the cause for the drop.  I remember seeing research notes from Credit Suisse in the spring that were analyzing the effect on tax equity value given that companies will have less tax to apply credits to.

except the credit is 30% and applies as a lump sum. Interpretation is the key here.

Share this post


Link to post
Share on other sites
48 minutes ago, dydo said:

except the credit is 30% and applies as a lump sum. Interpretation is the key here.

Do you mean that they receive 30% independent of taxes owed?  

I think Kallo is looking at it through the lens of supply & demand.  If there is less tax to apply ITC to, then there is a lower demand and a lower value for the ITC.  

Would that make sense?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.



×