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.
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....
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.
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.
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.
From TechRepublic...printed 11/19/14.
Last week, the world's two biggest economies -- and also the two biggest emitters of greenhouse gas emissions -- came to a historic agreement. The US and China jointly announced a deal to cut carbon emissions, reduce greenhouse gases, and tackle climate change. They took a powerful stance on the issue, which could prompt the international community to take action and create new urgency in the cleantech sector.
Amen on that! Been in SOL since the $5.50 range. Averaged down until the most recent collapse, and really had to reconsider my holdings (so dumped some right around $2). I really wanted to hold on, thinking that the Chinese market is definitely where the strength is right now. And yep...JASO confirmed that today with earnings. Wish I would had kept those couple of thousand shares (as well my entire TSL position), but I'm grateful to see a green day for a change with what I have left in holdings. Chinese solar is the only pocket of strength right now, and JASO proved that today. I look for a pretty decent report from TSL and am hoping for a bright outlook for SOL.
I just don't see where falling oil prices matter. Whose burning oil to make electricity? Natural gases have been rising though, and I expect that to hit $5 by January thanks to the colder than expected winter here in the US. Solar investors should look to that for a growth in the industry, not the rise and fall of oil prices!
Climate change? Such a funny topic! It does no harm whatsoever to burn fossil fuels day in and day out. Besides, there's so much of it. There's enough oil and natural gas to last us all billions of years! Burn it baby, burn! I have about 40 years left; it won't be my problem!
I would rather watch the paint dry. Stock is sitting right at a 52-week low. Just amazes me how it's market value is worth nothing. And if their shipments come in just 1% below expectations, I bet the stock will actually drop. I mean 2 bux! It's not like it's a $500 stock and any slight miss SHOULD send it crashing. At $2, any thing beyond bankruptcy should be a catalyst to send the stock up.
I really wanted to see this company (and my investment) take off, but that's just not going to happen. CPST has a good concept, but I just foresee a lot of issues going forward.
DJ and board just aren't cutting it. They continue to make up revenue forecasts. Back log is not being converted to top line revenue. Now the back log growth has slowed in growth. Add to the fact that oil is headed to $70 a barrel, and I'm willing to bet that digging in the Dakota's slows down, so there goes that market. The oil fields seem to be the only ones buying the C65's. Not many deals being announced for the C1000's lately, which are where the margins are.
40 million in the bank, and they burned through 6 million this quarter. "Earnings" expectations have now been pushed to second half of 2015. They'll burn through another 20 million before they get there, and that'll put their credit in a bind again. I'd expect another secondary will have to be done between now and "earnings". Even if the earnings do start to come in, they'll be so diluted and so minimal. The company's quarterly revenues would have to double before they could see any significant earnings.
I really don't like the way DJ and board operate. They've rewarded themselves with bonuses and high salaries, only to see this company head closer and closer to "going concern" status. I didn't like the way the secondary was done back at $1.90, but hey, DJ's buddies must be sitting on huge loses now (like me)! Plus, insiders dumped the stock well before the secondary (back in the 2's). Yesterday's stock action also indicates that the earnings were leaked before being announced after the bell.
There are better places to put my money (what's left of it). Really disgusted!
and pay close attention to the price of natural gas. Not much converting oil into electricity going on around the globe, but natural gas is definitely the player here. Natural gas has run up a good 15% in the past month. If there is any catalyst to boost solar demand (immediate term), this would be it. Oh, helping out the overly-carboned atmosphere is always a bonus too.
I would think if that were the case, then there would be more volume (more like "get me out no matter what!"). Maybe investors have figured out that the best day to sell is the day they report. they've never reported anything good. I mean I'm long (and stupid), but this is quite obviously the pattern for years now.
Look for a run-up 15 minutes before the close on 11/5/14. It's happened the past 3 quarters. It's like the bets always go in for a good earnings report, but disappointment sets in the day after.
Bring in the fund-managers who've been begging to buy CPST but couldn't while it was under $1. Let's just see how much interest there REALLY was, or if it were just all talk.
It seems that Yahoo doesn't want me to post this, so just google it for yourself: "UN panel scrambling to finish climate report" (AP, released 11/1/14).
No, it really doesn't. The amount of sales/orders to Russia are so small, that any issues with those orders will not affect revenues. Look at previous PR's around when the Russian/Ukraine tensions started to escalate.
I hope something gets this stock in motion--in an upward trend that is. We crashed with the market, but haven't gotten any where close where we were just weeks ago (around $3.50). We crashed with oil, and oil has since set in somewhat of a bottom and is up over $1 today. Last couple of weeks' headlines read: oil crashing, so is alternative energy. Well, alternative energy surely isn't rebounding with oil. Very frustrating. I've been in SOL for about a year now, but to miss a 2000 point move in the Dow is very disheartening, especially when a lot of the big brokerages have been talking up Chinese solar for a good month now. I really don't get it.
This company is a take over candidate at these levels. At .86 a share, the market cap is like 250 million (which is the same as the order log). This is ridiculous. Added more at .85 and .81 this morning. I can't see how this price move is entirely connected to the price of oil. But what I do suspect is since energy has been getting pounded lately, fund managers are being forced to cut back on their energy holdings, regardless of specific company names.