They could not produce more. Sold out all of the wafers for 2011 at 1.3GW, keeping 600MW for modules. Nice
Poly expansion for another 5,000MT. It does not look like they will borrow money.
Not a big splash for earnings but it didn't matter for others.
They have signed contract for 200MW delivery per year in beginning of 2010.
I would imagine they have sold 200MW by the way of contract, so another 250MW needs to be sold.
SOL is becoming more vertically integrated with poly expansion. Cells are contracted out of wafer contracts with Motech and Gintech. SOL will not need suppliers by end of 2011, Having best cost in the industry.
sold out ?
"Accordingly, we have secured over 20 long-term contracts in 2010, representing 1.3 GW of expected wafer sales in 2011"
"The Company expects to spend US$350 million in 2011 to expand wafer production capacity from the current 1.3 GW to 1.9 GW "
Invest to add 600 MW, which are not sold yet !
JKS beat yesterday by .80 cents and lost 4%.
They take this stock to cleaners. They met but disappointed by meeting.
Expectations are so high in this apparently struggling industry that company making .70 quarter is a loser. Another illogical state.