Once again management is playing their cards perfectly.. while STP is getting crushed, SOL's timing of issuing a PR that CDB is loaning them the money in this climate is very re-assuring that SOL is on the right footing. In the last ER they indicated they paid back some LT debt... with this loan it basically get them more liquid with an additional 15 years to payback.. genius.. margins are improving, they are growing in the right regions, Poly prices are going to stabilize and go up, watt costs are lowering, they are running at 100% capacity, they have great shipment guidance.. They are one of the strongest at this point compared to the peers.. when the dust settles they are in a great position to capture more market share and in a few years you will see this stock in the 7-10 range. The writing is on the wall
ReneSola gets $50.9 mln loan from China Development Bank
March 21 | Thu Mar 21, 2013 7:40am EDT
(Reuters) - China-based ReneSola Ltd received a 320 million Chinese Yuan ($50.9 million) loan from China Development Bank Corp, in the latest instance of the Asian country's support for heavily-indebted solar co's
I do not see it as a coincidence that the timing of this release coincided with the stock sittIng on the 200-day SMA. Regardless, confidence is everything at this point and I believe they handled it as best as possible.
if you listened to the conference call you would understand what is going on.. I seriously doubt the CEO of this company is watching the Technical Analysis of his stock.. at least I hope not.. if you do look at what prefer to call A GRAPH.. yes.. but SPWR, FSLR are both above the 200 day ma.. SPWR is THE STRONGEST weighted alpha and all.. of the Chinese Solar from a theoretical graph the market is saying JKS CSIQ SOL and YGE.. STP LDK TSL and JASO are weak.. as far as balance sheet there are NO CHAMPIONS yet??? the second half 2013 will cut the chase and 2014 we will know the one or ones.. SPWR is my favorite! the others are just TRADE FEED..