History is important, but you should also look at the future. Solar will go from red to green this year. JKS has picked up market share and margins will increase. I take it that the $7.80 loss you are talking about is over 4 quarters. JKS also made $7.60 over 4 quarters. Having a larger market share will allow JKS to make more money in the future. The other thing you might want to think about is the new revnue that JKS will make by being a co-owner of some of the solar projects it sells its product for. This will give JKS an additional constant cash flow in the future. Have you looked at the numbers for the SPWR and the JKS projects? The SPWR project costs 2.5 billion dollars for less than 600 MW and the JKS project costs 300 million dollars for 200 MW. In other words the SPWR project costs 2.87 times more per GW than the JKS project. JKS is down 3.2% after the news of their project and SPWR is up 42.4% after the news of its project. If you wanted to build a solar project in the future who would you call SPWR or JKS?