Bloomberg had an article this week about how problems in Chile's transmission network are preventing some solar plants from selling power at profitable prices. I suspect that's one of the reasons for the stock's recent
Another 150k and it would have been the highest for 2016.
Started taking a position today.
I don't see a rational catalyst for the size of this sell off. They reiterated 2016 revs.
Bought this back in the Summer of 2012, when it was selling under tang. book (all the solars were). Stayed that way for a while. China had excess prod. capacity and it was before tariffs. Made about 20% and got out, then watched it go up 400+% in 2013.
I don't think this will drop much more, even with a market sell off.
Some analysts upgrades would seem warranted at this price.