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!!
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.
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.
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.
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.