not really with asp at $0.64(5% decline) for Q4 costs at $0.57 they make $0.07 per watt. They will have Opex and interest around $0.12/watt or lose $0.04 to $0.05 per watt. On 350Mw total product shipped that is around $14M in losses without Forex or adjustments. This is a never ending rat hole. They basically are cash flow break even from operations after adjusting for Depreciations.
More like $0.105 for Q4 in opex+interest..? ANd with cost at $0.56 and ASP at $0.65 that's 1.5c from breaking even. So then if ASP stays at 0.65 for some time (don't know if it will but), then when breaking even every 1c in cost reduction will add about $4M to thee bottom line per quarter, so potential upside is significant. ALL OFF THE TOP OF MY HEAD, lol.