Thank you very much for taking the time to write this well thought and intelligent response.
Same goes for JKS. They are slightly smaller in terms of shipments but also one of those surviving leaders. Their superior cost structure & first mover advantage in power projects will allow them to continue growth at above average profitability. Their sales are almost all but fully booked through 1H 2014.
You will recover your money with this investment in no time. Just be patient and don't succumb to this MM/Hedge fund tactics. There is nothing wrong with the company fundamentals or industry outlook.
My comments are based on facts:
There are ton of positive factors favoring solar sector. In the last 5 years the great fight to control the supply (products) is coming to an end. A lot of companies (some of them quite big such as Bosch, BP, GM etc) were interested in this market for good reason. The verdict: Chinese solar won. EU lost. America cos managed to survive somehow by transforming their business model (as EPC integrators using own products) but they now lack core competence as in efficient manufacturing (products supply) firms. In terms of technology: cSi won, CIGS/aSi & other technologies lost. The EU & US anti dumping & subsidy scale backs are primarily due to the fact that almost all their manufacturing firms are no longer in a position to dominate this market (so why give out subsidies to help Chinese firms - or so the thinking goes). The battlefield is now quickly clearing & there are lot of casualties already & wounded weak ones will soon die leaving way for a handful of strong ones to dominate this market which is expected to grow at 20-40% yearly for the next decade or two (huge potential). We are only in 3rd innings of a 9 innings game. TSL is one of those winners & will reap tremendous benefits. TSL's premier status in product innovation, brand recognition & reliability, international exposure, cost leadership, market share gains, strong balance sheet and 2014 project pipeline will help solidify their position as a top provider in this field. Just look at their recent QoQ growth nos vs others.
Currently MM/Hedge funds are manipulating the entire Chinese solar stocks with Short & Distort strategy so they can shake of weak hands & control this sector. But things will turn around and the leaders like TSL will at least double or triple in a year's time. If you own these don't sell cheap. Buy more if you can to average down. You will recover your $ and much more if you're willing to be patient and not succumb to this MM fear tactics & rumor mongering
I have a lot of money in this stock. Bought at 32.5 , any hope a I can recover. Is your comment based on facts or rather wishful thinking ? I would like you to be right.
Simple answer moobyet:
MM/Hedge manipulation to shake off weak hands.
Solar is a globally viable market now and going through tremendous growth for a next decade.
The leaders will do phenomenally well.
Don't be intimidated by fear tactics or succumb to rumor mongering & sell cheap.
Pay attention to company results & make you decisions,
This company is doing great & the stock will easily double or triple in a year's time.
Buy more if you can.
China PV demand is just fine. Here's an excerpt from TSL Q3 call (from about 2 weeks ago) ...
"In particular, we have quickly ramped up our sales efforts in China to capitalize on Chinese -- China’s favorable industry conditions and regulatory environment. As a result, sales in China increased by a larger percentage in this quarter. We continue our commitment to investing in innovation and higher efficiency solar technology" ...
"Overall, China was the most noteworthy market this quarter ... Looking forward, we see robust demand for utility and commercial systems. We are confident with that our proven global checking record will help accelerate our further penetration in to the China market"
For SOL though it is just 'sour grapes' syndrome because they bet wrongly on upstream (polysilicon) rather than downstream (power plants) and now they are in danger of being left out from that segment of the market. This year strong companies will get stronger & weak ones will get weeded out.
The world does not consist of china only. 2013 had about 36gw demand for solar, next year it is estimated to grow to 40-60gw. That is a significant increase.
Sentiment: Strong Buy
no problem the hot new market is japan , Japan installed 3 gigawatts in Q3 check Reuters, Africa is now becoming a large solar panel market , India will be in solar news big time too,so trust me there are over 250 country's in the world
do not be short a profitable solar stock in a booming market, realistic jks is a gem, it will see minimum $100 per share
in the future.
target price $40, too bad for the retail shorts, china is big time sol does not speak for china , look
at buying in anytime as this will shoot to $40.
After all these upgrades we still go down hard. What is this? Are these analysts cheating everyone by upgrading at the top and downgrading at the bottom.
I have followed and lost tons of money on SOL. I think their executive team is a bunch of reckless unsympathetic to their investors. They are horrible and the more I am learning about them, the worse I think their CEO. Remember their CEO just made a $208 million dollar mistake so really, how good is he? The market gave him too much credence. However, with that said, it wasn't just China solar that was hit today., but they were hit harder than the rest.
I don't think JKS has any particular bad news, it's all chinese solars taking hit due to profit taking. They all went high too quickly.
Sentiment: Strong Buy