SCTY - this stock market value is currently $ 5.4 billion. Price/revenue ratio 22, price/value ratio7. And a company fat in the loss with a dubious tax credits-based business model.
Just to compare the stock market values of some leading companies:
Canadian Solar: $ 1.3 billion
Trina solar: 0.8 bn USD
Jinko solar: $ 0.6 billion
Yingli Green Energy: USD 0.4 billion
Yes solar: USD 0.4 billion
Ming Yang: $ 0.25 billion
Renesola: USD 0.1 billion (total crash in recent weeks)
I think probably all leading chinese renewables companies listed in America are less worth than a little company with $ 183 million revenue and $ 52 million currently loss in the first nine months 2014.
The U.S. brokers have gone completely mad!
The US is the first fracking land in the world. When the oil price would have an impact, than here. Than on Solarcity!! Stupid american capital markets!!
When tariffs were implemented in 2012 Chinese started getting cells from Taiwan to avoid tariffs. The producers who source, manufacture and assemble modules in China will pay
the 2012 tariff rates.
Sentiment: Strong Buy
A dollar in earnings just from the power they are selling and grid managing.
Cheapest stock in history, if this was a US company, the stock would be $75 easy.
Sentiment: Strong Buy
Cao Haiyun: On top of 830 megawatts, we targeted by the end of 2014, we have 1.8 gagawatts project pipelines, including 1.1gigawatts utility scale projects, and 700 megawatts DG.
I'd be interested to know if it gets around tariffs. That depends on where the components used for the modules are manufactured I believe.
The fundamentals currently have no relation to the stock price.............
Sentiment: Strong Buy
look for a 19 print tomorrow - i may take a margin buy for a trade as i read another poster did today
Are you sure? Below is from the JKS website. The question though is the source of the materials for the modules assembled there.
JinkoSolar’s South African Production Facility is in line with Industry Standards in OST Energy Independent Technical Review
SHANGHAI, December 8th, 2014-- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its South African production facility is in line with industry standards in an independent technical review conducted by OST Energy.
OST Energy, which conducted the review according to the UK’s standards, is an independent engineering consultancy firm. OST Energy concluded that all modules tested were manufactured to the highest standards of quality with no significant defects and consistent power output. The results of the modules tested suggest that the Company’s manufacturing facility in South Africa is capable of producing products within higher standards.
“We are pleased to see our South African production facility, is in line with industry standards following the successful review of our Shangrao facility last year,” commented by Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. “As a global leader in solar industry, this review confirms that JinkoSolar isn’t compromising its industry leading quality standards and customer service by building production facilities overseas. As a global leader in the solar PV industry, OST Energy’s review is another step in our effort to expand our presence in the UK and distinguishes us from other manufacturers by presenting customers in Europe with a recognizable endorsement when selecting the most suitable product from our portfolio.”
Seems folks have forgotten about this. This is a huge source of profits for JKS that they will be making profits from for the next twenty years. They will either sell or keep the 600 MW; either way, it is a huge landmark for solar power, for China, and for JKS. Q4 should be a huge goat-in-the-snake type of quarter when profits are jacked up suddenly.
I expect JKS may circumvent the US tariffs by starting to manufacture cells in South Africa. On the other hand, most of their profits will come from building solar power projects in China, not selling panels to USA. So, it's really not that big of a deal. In building projects, they get profits from every step of the project process. In selling panels, they only profit from the panel.
JKS has already transitioned to exploiting the 2012 tariff and avoiding the current rulings. This means avoiding manufacturing in Taiwan and taking advantage of their lowest cost manufacturing in China proper. They thus reduce costs relative to Taiwan manufacturing, which cost a premium. So, JKS has been doing this since the prelim announcements of this current round of rulings, and they have been making money in the USA during both periods of tariffs. Perhaps even more as their costs keep dropping, and their cell efficiency improves and they sell high-efficiency panels at premium prices.
SOLD all 2K at 18 for a 2000 profit in less than 2 hour!!! - still have a core position - thats how margin can help you sometime - GL all!!
just went green, you may want to sell half here (margin can be great on the way up, but not so on the way down) fwiw!