not applicable for 5 yr chart (especially an emotionally traded, high beta solar stocks). Check out the three month chart on LCI ... THAT is a cup and handle.
Sentiment: Strong Buy
yes- disappointing. perhaps because it was announced that "JinkoSolar will not seek to launch a yieldco for its projects business until at least the end of the year, and perhaps not until mid-2015, amid near-term market headwinds"
DB is a joke. CS too. First they say problems with supply in China, now solar is great. GS downgraded FSLR tree months ago. Sunce then, FSLR ia up.
Am surprised that JKS is not rallying on this, as SUNE certainly is:
Solar stocks rally; Deutsche upbeat on YieldCo potential
"We are becoming increasingly constructive on the solar sector as we expect further tightening of the solar supply/demand balance and expect increased investor interest driving valuation multiple expansion," says Deutsche, which last month struck a far more cautious tone on the industry.
The firm adds it expects "the emergence of 5-6 publicly traded [solar project] YieldCos over the next 12-18 months to act as a robust growth enabler." It has upgraded SunEdison (SUNE +6.4%), which recently filed an S-1 for its TerraForm Power (TERP) YieldCo, to Buy.
YieldCo momentum is seen growing ahead of potential 2016 U.S. solar tax credit changes, and greater international activity is expected to start in 2015, as grid parity is reached in more markets.
Sentiment: Strong Buy
No help, FSLR is French with factories in the Phililppines and Malaysia and FSLR has factories in Malaysia. Simply a bunch of rich guys are joking with the prices of solar companies as they do it with gold and other comodities. The Chinese companies will change their factories to Malaysia and the Phillipines too or inAfrica and Latin America.
SolarCity signs a supply agreement with REC Solar. http://www.fool.com/investing/general/2014/06/15/100-ways-solarcity-is-burning-chinese-solar-stocks.aspx
But REC Solar makes its panels in Singapore. http://en.wikipedia.org/wiki/Renewable_Energy_Corporation So how did the Department of Commerce help the American solar manufacturing industry here?
Chart pattern for 5 years is not a valid one. You can't look at chart patterns for that duration as they simply hold no merit.
But what about those Chinese companies who have shuttered down and lost (international) market shares to top ones like TSL, JKS. Wouldn't that market share gain help soak up additional inventory for these companies?
Not forget GTAT and SUNE the first losing one dollar and the second losing 5 dollars per share (are flying today on hot air news).
Thousands of US companies dream with your "worst case scenario", have negative earnings or slightly positive and are 3, 4 and 5 times more expensive. look at SCTY, TSLA, YELP, FB.... they dream to have the earnings of JKS.
Being ranked at the bottom of eight in Cell efficiency comparison of Joseph Zhu's list won't help your argument at all.