Twice now, they've released statements saying WTI was headed to $35. I'm guessing those statements reflect their position, and I hope their eating they're words!! I expect another statement in the coming day or so to see if they can stop the recovery, seeing how their short position is losing big time right now!
A lot of solar companies have come out with earnings in the past 2 weeks, and some have had light top line, margins, and/or bottom line, but they've all moved much higher in stock price since. FSLR, SPWR, TSL, CSIQ, and even little ole SOL have responded nicely since quarterlies. Now here comes JASO. Probably the only solar that last quarter had a blow out on every aspect plus announced a buy-back. JASO has been moving up in tandem over the past few days, but not as much percentage-wise. This is the one company who SHOULD prove who's really got it going on, kicking on every cylinder. Give me any kind of a pullback between now and the 12th, and I'll definitely add more to my position. The stock jumped around 20% after last quarter's report. Considering for most solars, JASO included, the selloff that has taken place over the last 90 days is proving to not have been justifiable. JASO should have never lost as much as it did in value, especially considering the continue rise in the overall market. The stock should be at $11 right now, and only adding more value after this next earnings reports on the 12th. $12.50 after earnings is my call, then will start a nice gradual ascent to $18.
So the quarterlies looked very good. Revenues still trending high, margins a little weak, paying down some debt, and cash is up, all of this doing a time of transition in the business model to better serve the residential market. Revenues are expected to be around a billion this year, yet the market cap is barely $140 million. For nearly 2 years now, I've never understood as to why this stock is so heavily punished and disregarded. Bought more at the open today. It just seems we should be around $2 or $3 minimum. Absolutely no respect!
Totally agree! I've had the great fortune of owning a couple of stocks that Axiom jumped in on (with long recommendations) and initiated coverage. The stocks had a little pop in the beginning, but later faded to 52-week lows. Pretty sure this company is nothing more than a housekeeper in a janitorial closet throwing darts at the WSJ. Earnings are starting to roll in (mostly US solar companies), and thus far, these stocks have proven that they were beat down way too much. Thank you JKS for clearing the air today on why low oil prices have nothing to do with demand for solar. Looking forward to TSL and JASO earnings.
Go figure! With oil at $50 a barrel (and ever so cheap), I would have figured Apple would have found it cheaper to just keep burning it to generate electricity. Sheesh! Really over this disconnected connect between oil and solar!!