Am I just paranoid here or what?
No Satcon-issued Press Releases for:
Canadain Solar Partnership
23MW order to China
9MW to Midwest
Why wait til earnings? What gives/ I sent Investor Relations an email today about this. I'll post when I hear back.
The business environment SATC operates in is very competitive.
If they were to announce orders as they receive them, their competitors would be all over the customer trying to undercut their deal. Or just as bad, undercut any future orders.
In my opinion, the best way to track SATC performance is from quarterly performance reports.
When you see revenue move up sharply you will know the move up in stock price is coming.
If you will notice, they have pushed breakeven out another 3 months, to at least Jun '10 and lowered expectations for this quarter, next quarter, this year and also next year. All those orders mustn't add up to enough to pull the fat out of the fire. If they had released a press report about the large order the price might have risen to 2.50 but it would have fallen just as far once earnings were released.
Unless they wanted to wait until they could make some moves with capital this quarter, but then why announce early. Maybe to get this last low revenue report behind us??? They obviously timed it for the Expo and release of Solstice....
its like rts mentioned a few days ago, along the lines of its a risky game trying catch a falling knife. it depends how you feel about the overall economic situation near term. Will satcon hold up if the tide turns again?
Not issuing those as press releases is a cause for concern for me as an investor here.
I couldn't be a bigger fan of satcon. like popy said though I'm starting to think we might still be a bit early for the party.