I think they have finally figured out that they have to simplify the company and get rid of all the confusing off-topic businesses. If they can get valued like an organic food manufacturer they would be valued 2-4 times higher. TFM, for example, has a price/sales four times higher and price/earnings nearly double. STKL management is on the right track now and making all the right moves.
Sentiment: Strong Buy
This is a quote from the nanotechnology article referenced on their web site:
"Organic Semitransparent Photovoltaic Energy Converter or abbreviated as OSPEC is a novelty since it combines three features of OPV: solution processable, vacuum free and large-scale compatible. OSPEC utilizes a special spray technique developed by researchers in Nanostructure Optoelectronics Lab in USF, partnering with New Energy Technologies, Inc and Florida High Tech Corridor, to fabricate OPV modules with transparent contacts12. Figure 3a shows a working OSPEC array, and 3b is its current-voltage characteristics. The overall power conversion efficiency is 0.42% under 1 sun irradiance."
Much work to be done!
Sentiment: Sell
If I owned a motel or restaurant I would be happy to let them build a charging station on my property because it eliminates waiting time. If MacDonalds has chargers I would always stop there for lunch/recharge.
"As of March 31, 2013, the Company had cash and cash equivalents of RMB1,005.0 million (US$161.8 million) and net working capital of RMB345.7 million (US$55.7 million), compared with cash and cash equivalents of RMB676.5 million and net working capital of RMB44.3 million as of December 31, 2012."
This is crazy. The market cap is less than cash!
Sentiment: Strong Buy
"debt is enormous given their capitalization"...Do you mean market cap? Market cap is rediculously low. Price/book is only 0.32 and they have $161 million in cash and cash equivalents vs a market cap of $135 million!
This market cap is totally out of wack.
Sentiment: Strong Buy
An amazing improvement in results from this amazing Korean takeover. While competitors have stopped development of new products HSOL has been racing ahead with new developments that will give them a gigantic edge next year. Here are some of the developments:
"), along with its partners, is also introducing three new prototype products. Its new energy storage system SunBank can be used for residential as well as industrial and commercial applications and can be integrated with utility grids. Unlike other on-grid storage systems, SunBank can ensure uninterrupted power supply during a power outage. The Hanwha Solar OptiMax Wave rooftop system can produce 30% more energy per rated watt by using 3M (NYSE: MMM)’s Cool Mirror Film that enhances irradiance by 1.58 times. Furthermore, Hanwha has also displayed for the first time Epi Thin-Silicon Technology Concept Modules that were produced by its patented direct gas-to-module process, which offers 50% cost reductions as compared to the conventional wafer process.
...The direct gas to module process grows high quality, epitaxial silicon directly from gas feedstock to form mono-crystalline silicon wafers just 40 microns thick on reusable 125 mm or 156 mm silicon substrates. Epi Thin-Silicon technology is enabled at commercial scale by Crystal Solar’s patented epitaxial reactor, which is capable of high wafer throughput of high quality materials for either p- or n-type wafer growth. Hanwha Solar and Crystal Solar expect to begin initial shipment of Epi Thin-Silicon modules in 2013, reaching high volume production by 2014.
Sentiment: Strong Buy
This Korean solar company is moving up:
"Mr. Ki-Joon Hong, Chairman and CEO of Hanwha SolarOne, commented, "The first quarter was an important inflection point for both the solar industry and the Company, with a number of positive signs developing for further progress ahead. 2) Both revenues (+33%) and shipments (+45%) rose sharply, prices improved from the prior quarter and appear to have now stabilized, we returned to positive gross profit, our plants are running at full utilization favorably impacting our cost structure"
Bad move!
"The solar photovoltaics market is poised to rise from the ashes of its present crisis with a healthy 10.5 % compound annual growth rate (CAGR), to reach US$ 155 billion in 2018, at least according to predictions by market analyst Lux Research. Taken the most likely scenario of a report titled “Market Size Update 2013: Return to Equilibrium” Lux Research has just released, the PV market will grow to 35 GW in 2013, before rapidly ramping up to 61.7 GW in 2018"
Unfortunately a lot of the buyers know nothing about the many solar stocks and just lump them together and jump on and off the bandwagon blindly. HSOL is really different as they are backed by a fortune 500 company and have no debt that is due before 2016.
STP, LDK, YGE and SOL all had expiring debt that they couldn't pay so many went belly up or will soon go bankrupt. That will fix the overcrowded market.
HSOL has been buying the best in technology and will soon announce products that will take the market by storm. Their Crystal Solar Inc acquisition is particularly exciting because it makes it possible to make solar panels at half of the normal cost. No ingots or sawing are required since they just grow very thin wafers directly on a substrate from gas. They alone have this revolutionary technology that cuts cost in half.
The Koreans are on the move as Samsung, Hyundai and Kia have shown. The amateurs are bailing and giving a great opportunity to the people in the know.
Sentiment: Strong Buy
Here's some more:
" Dow Corning, a global leader in silicones, silicon-based technology and innovation, and Crystal Solar, a solar energy venture company focusing on Direct Gas to Wafer™ technology, today announced their intention to develop a business relationship for the successful supply of high-performance, silicon-based materials for photovoltaic (PV) cells and modules. The two companies also intend to assess options for developing high performance building integrated photovoltaic (BIPV) solutions for building and construction, focusing on both commercial and residential applications...."
It appears that they may be growing the silicon layer directly on sheets of glass.
another: "The direct gas to module process grows high quality, epitaxial silicon directly from gas feedstock to form mono-crystalline silicon wafers just 40 microns thick on reusable 125 mm or 156 mm silicon substrates. Epi Thin-Silicon technology is enabled at commercial scale by Crystal Solar’s patented epitaxial reactor, which is capable of high wafer throughput of high quality materials for either p- or n-type wafer growth. Hanwha Solar and Crystal Solar expect to begin initial shipment of Epi Thin-Silicon modules in 2013, reaching high volume production by 2014.
Hanwha Solar formed a partnership with Crystal Solar in 2011 when the Hanwha Group, Hanwha Solar’s parent company, invested $15 million stake in Crystal Solar."
This could be truely revolutionary.
Sentiment: Strong Buy
In cooperation with strategic partners, Hanwha Solar exhibits three prototypes at the EU PVSEC:
Energy storage – SunBank
The SunBankTM, jointly developed by Hanwha Solar and Silent Power, integrates Hanwha Solar PV panels with the Silent Power distributed energy storage device to offer a complete solar power and energy storage system for the residential, commercial and industrial markets. The SunBank can be used to meet utility energy needs, by calling on the aggregated demand response of multiple SunBankTM systems installed across the grid to provide power during times of peak demand. Unlike other grid-tied solar systems, the SunBank is designed to continue producing solar power during grid outages. Standard solar arrays shut down during power outages, eliminating the power generation capabilities of the PV panels.
Advanced Rooftop solution with high power output – OptiMax Wave powered by tenKsolar
The Hanwha Solar OptiMax Wave, powered by tenKsolar, combines PV modules, reflectors and racking configured in a repeating wave pattern, generating 30% more energy per rated watt. The reflector design features a 3M Cool Mirror Film that transfers usable light to the solar modules, rather than heat, to offer up to 1.58 times increased irradiance. The system includes OptiMax module technology, offering highly shading-tolerant, reliable and safe module performance based on integrated cell-level optimization.
Epi Thin-Silicon Technology Concept Module
In partnership with Crystal Solar Inc., Hanwha Solar has demonstrated the first commercial-scale modules fabricated with patented Epi Thin-Silicon technology. The technology is a direct gas to module process, which reduces operational and capital costs by up to 50 % compared to standard wafer processes.
The PVSEC exhibition represents the first step of a prototype feasibility screening process to assess the products’ adaptability to the European market. The SunBankTM and the OptiMaxTM Wave have recently become availabl
Sentiment: Strong Buy
They are a Korean fortune 500 company with very advanced solar technology including "epi thin" which can reduce costs 50% . OneRoof is private.
Korean you idiot and part of a fortune 500 company. Brilliant short!
They have sold over $100 million in solar roofs. Installed free in return for a discounted power contract. Hopefully, this will impact sales significantly. Hanwha has lots of financial power to drive this.
Sentiment: Strong Buy
Perhaps shorts will learn to respect him. He is better than Steve Jobs