Big enough to demolish your 1099 bull.
Oil got roughed up today and solar showed its relative, newly unlinked strength.
If plans for New Cairo don't get you going long, as it is just the start of many more sustainable solar powered
projects, you clearly failed to recognize the turn.
I'll post again when we make a new high.
Wow! 10 million shares, don't think the market will see that one coming : )
It's the news that you don't see coming that will get you, not a lob.
Like Japan utilities nixing connections or China missing its 2014 targeted goal.
That's old news, and the convert is as well.
bull, you've had many feelings, your 15 mins is up, time to hang it up.
SPWR doesn't have any cash to pay debt, probably going bk soon.
And they certainly won't be able to sell their projects to the yieldco in a few months.
It's full of bad assets, why would they want more?
And if you really think about it, their debt is manageable if you consider that its tied to solid long term energy contracts, PPA's. People will continue to pay their electricity bills , even if their mortgage has lapsed.
Bull , you should nail this one : )
Wow , a fair and unbiased response, explanation by bull.
Most importantly, rather than selling debt to build new projects, SPWR will now be able to drop down projects into the yieldco, raising cash for new projects, while maintaining an equity interest in what's being dropped down.
I in no way meant to infer that GoJo's action have ever been unscrupulous.
And just because one prominent climate change denier was found to have accepted $1.2 million for his work, does not mean anyone else might have done the same, or similar.
Shorts, in general, offer a very valuable view into the shortcomings of a particular stock and an industry as a whole. Shorts often keep a market in check when it becomes too over zealous. They have a history of foreseeing major weaknesses before the rest of the market. For that, GoJo, I thank you and I'm surprised I haven't read more from you on Hanergy's astronomical valuation? Good luck to you, and glad to see that you've moved over from the dark side on SunEdison, a US based company with much in common with SPWR.
I do agree with rr.rr9989 that Chinese companies have a history of poor accounting, having lost the trust of many US investors along the way. Hopefully US based SPWR has regained some market trust since its over zealous views that eventually led to an investor lawsuit a few years back.
Well, If I had a big interest in oil and a large bank roll, I'd probably have at least one unscrupulous Wall Street analyst, most likely from a small little known firm with regular appearances in the media, on my payroll. Not an accusation GoJo, just connecting the dots, thinking of the possibilities.
I honestly hope people don't pay attention to him, for their sakes.
Certainly looks that way ... Gone are the days of single digit p/e multiples.
Looks to me like there's very little resistance above, and all the oldtimers have been shaken out of their positions, not mentioning any names, mtwashingtonmike. About to rip much higher, and very few that have frequented this board in the last couple years will have any skin in the game. You have to admit, it is pretty funny.
After his call to short Chinese solars. He certainly has the lead thumb when it comes to advice on solars.
This is way too odd, calling short, at a bottom, must be something else going on here.
Yep, from trickle to flood. We saw the same happen when oil broke down from $90, the move gained momentum, as the fundamentals were there for much lower prices, just as the fundamentals are in place for much higher solar co prices.
Says it will "aggressively develop renewable wind, solar and biofuel energy sources"
Targets raising wind power capacity to 200 gigawatts (GW) and solar to about 100 GW by 2020, up from 95.8 GW and 26.5 GW respectively at the end of last year.
73.5/5 = 14.7GW/yr solar, within the target of 15GW's this year.
I suspect that target will increase as the solar+storage becomes more cost competitive, for purely economic reasons.
Hanergy shorts taking a massive beating, TJ Semi (SPWR's JV partner in China) is taking off, SunEdison buys li-ion storage co. Solar Grid Storage ... solar stocks are starting to heat up, and they should. Per Deutsche Bank, "solar has already won".