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ReneSola Ltd. Message Board

  • tfuture321 tfuture321 Mar 21, 2013 7:34 AM Flag

    CDB showing huge confidence in Renesola with 15-year agreement

    SOL is the only one from all Chinese solars that is showing tremendous growth and was EBITDA neutral and had positive cash flow.

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    • I totally agree

    • a few days ago the company probably would not have issued a press release regarding an immaterial (compared to the overall debt load) Chinese loan agreement. Obviously management has realized that they have to reassure investors they still have access to funding given the dramatic decline in the cash balance in Q4 (the money wasn't lost though as the company paid back long term debt during the quarter which some people suspected to have happened rather nonvoluntary). The company also has a convertible bond outstanding which implies further similarities with Suntech.
      On other news JASO announced today that they will pay back their convertible bonds maturing in May.

      The stock might be up today initially on this news but I fully expect the stock to fight for $1.50 today or tomorrow afternoon.

      • 2 Replies to hageneriksson
      • The SOL convertible is not due till 2018. SOL will generate some $100-$150 millions cash flow this year more than enough to fund their $60 million opex, interest and operations. SOL will be the most profitable of all the solars starting in Q2 this year and will accelerate into 2014 and 2015.

      • unfortunately Interactive Broker doesn't allow for short sales in SOL currently otherwise this might be the moment to short more as buying interest once again is met with heavy selling pressure.

        Investors will avoid or even sell short the space after STP has shown that debt laden Chinese companies can indeed go bankrupt

    • why does the stock keep going down,since earnings,when will reversal begin

 
SOL
1.37-0.03(-2.14%)Jul 6 4:02 PMEDT