Usually, unlock day is horrible, does not matter how underwriter encourage the shareholder, technically, the price will greatly down.
Then, if the market is not in panic, the market maker will recover the price pretty soon. Leave all of the surprised people with empty position!
I experienced it last summer with CTRX, now it is STP. I am all in. Strong buy! It will back to $31 before next earning report.
"The matter of the fact is, the process to produce polysilicon in China actually uses MORE energy than the finished solar power battery can produce"
Only people lack of science eduction would make this kind of statement. The comparison is meaningless unless it includes the time information. I am sure the finished solar power battery would product a lot more power in a year than it consumes during production.
It is not of my surprise that one takes more energy to drive out alternative energy. People thought solar or other alternative tech would save the planet, but it is a mere dillusion. The universe, as the basic philosophy theory predicts, is trapped into a process of increasing energy consumption. There is no technology which can undo the process. For one point, computer was viewed as the saver, but...
By the way, what's your projection of STP. My model would give it a $10 at most, especially if one factors the regular tax rate in after 2008/2010 ...
the process to produce polysilicon in China actually uses MORE energy than the finished solar power battery can produce.
In case you understand Chinese, here are two news article talking about the solar business in China
The matter of the fact is, the process to produce polysilicon in China actually uses MORE energy than the finished solar power battery can produce. This is a surprise to me. And the mining of silicon also causes very bad environmental pollution.
Good point Poster...! There are solar cell/module plants popping out in weekly basis in China. Major announcements almost every month. My biggest concern is that some domestic wafer suppliers of STP enter into or expand their capacity in the downstreaming cell/module sector, which is very threatening in tightening supply and more competition...
success is actually a curse for his own company. Solar industry now in China is super hot since many want to be Shi 2nd. During the last 12 months, there are more than 30 new Chinese solar companies set up. A dozen of them have larger or the same production as STP. So there will be a race to the low profit margin, at least in Chinese market, no doubt about that.