One has to wonder what happened. Don't be surprised if in the next month or two that they realized they were hacked. Of course nothing bad would happen to the stock, only to consumers whose information was stolen.
SOL has always been underpriced on market cap. Not sure why. Today, we're at $184 million. Even with 700 million in debt, just seems it would be takeover candidate, a nice chinese synergy with someone like FirstSolar.
I hear a lot of chatter how solar is getting punished because of falling oil prices (which I still can put into relation). Here's my take on it. Solar is out there for energy dependency but also serves as a means of cleaner energy. The cheaper oil and gas become, the more we will all burn it. And the more we burn, the quicker the CO2 levels will rise in the atmosphere and the faster we'll all max out global warming. At some point...eventually...one day....the world will be begging for solar and any form of non-fossil energy. Question is: will SOL still be around? Like you all, I lick my wounds on a daily basis. Kind of forgot what green even looks like. Tried diversifying some; bought a little TSL and JASO today.
Exxon and Chevron drop, but SOL drops more in percentage terms. I don't get it. I wish I would have divorced this crud back at $3.60. I'm married to this blood sucking b....
Something's obviously wrong. No way that's green today...especially on a day when the dow is up 300+. Must be lots of fat-finger trades. Or maybe they announced the sale "a" solar panel. Or maybe short traders gave up on pushing it to -.50.
You really need to look at GS's intentions when they release a report like this. Let's look at some history.
Years ago, GS predicted oil would go to $200. Oil topped out at around $140, then fell hard.
Year ago, GS predicted gold would go to $800. Gold hit about $1100, consolidated, and has been rising since (which hiccups along the way).
Now, GS is predicting oil to go $41.
They either try to get the final uptick before unloading or the final downtick before stepping in buying. I find it hard to believe that they can't predict commodities.
I've been buying UCO since oil was at $55, and averaging down on the way down. There's a bottom here--somewhere close. There's no way that the demand/supply ratio is the same as it was 25 years ago, which had oil at around $38 a barrel during the height of Operation Desert Shield.
I just posted a similar article on UCO board. GS has underlying intentions. I think they're trying to get the final shakeout, then they'll swoop in and start buying hard.
Traditionally, the start of the year is good for metals. Look at last year's February, when things seemed to level off towards late Feb. It's nice to see the breakout and overcoming of some major resistancee here. Looks promising.
Looking at a 3-month chart, and there seems to be some good support right around $7.50. If it bounces off this low again, I would have to think that a short-term base has been established.
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!!
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.
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!
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.
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!
Go figure. I'm sure there's an article or non-named brokerage downgrade floating around out there somewhere. I'm not frettin it though. Everything I see coming across the wires these days points to solar as coming strong--and I don't care if it's subsidized or not--as long they're getting paid by someone! Earnings period is coming up soon, and I can't wait. China is coming on strong, and there's been so much talk of climate change these days (with humans being the blame), that I feel confident in my positions. Oil is rebounding nicely as well, with lots of positive talk there too; which should only help solar, even thought the two are really not linked.
Don't sweat the profit-taking. Solar is one of the few areas of the economy that's actually showing substantial growth. Look at Amazon today. Rewarded with a 14% bounce because finally, after decades, they'll probably post a profit...next quarter. Solar is way-undervalued!
Well said. You've noticed this too? It's usually on Fridays, but this one was on Thursday. No news in the sector (until FSLR and SPWR after-hours), but yea, another (what I call) a major sell-off. But the opportunity presented itself, so I add a little more. If history repeats itself, we'll be back up on Monday, Tues, and Wed next week.
and not SOL, correct? Why the heck are we down so much in the past few days? What happened to that Chinese solar market that was supposed on fire???