Perhaps john_beings and the other Elon Muskeeteers will now be silent for a while. Even tesla's rescue is not helping solar cheaty.
Too bad for Jim Chanos. This effectively puts an end to his short. Axiom guys also had a price target on scty at $7. Clearly, they were on the winning side till today.
This is a specific Elon Musk move unrelated to the solar industry. I said it before and I say it again. This guy is shady and does shady, sleazy moves. I would not be surprised to see all his "empire" go down in flames one day.
I am starting to think there is no faith in this company ever coming out of its hole. Clearly, there is no faith on management executing a successful strategy.
If their products are so advanced, their battery solution seems to be appealing to the market and overall, the industry is on the up and up the negative sentiment around enphase is more profound than I originally saw.
Where do we go from here?
How many times has that happened in D court? It is a big gamble. Not good way of investing.
Awfully wrong. When will you learn sune is a scam devised to fool shareholders? blackrock will mak bank, management will make bank. You and I might get lucky with terp. But only on time.
Somewhat unrelated to enph. But higher shipments to US and Japan plus better margins did the trick. Probably good for the solar complex, in general.
almost delusional. This has never happened in the history of enph. The last large spike happened because of the extension by Congress.
What is missing in this conversation is that enph battery is system agnostic. Therefore, has a very wide installers' maket.
So even if the chip away a small chunk of the demand, it will be demand from the whole pie. Not just their brand.
They don't better pr's.
Analysts understands. If there is any hint of explosive growth down the road the stock price will appreciate in advance w/o the need of any pr.
What is going on is that the market doesn't believe it. And the market is probably right.
What they need to do, is to improve their numbers substantially. That is not a better pr. It is better management!
Nobody will buy a 100mill mkt cap company. MA business is not rational and does not operate like this. The acquirer will want an exorbitant high price for brokerage commisions and for intangibles in their book. Which they will write down as losses when the time comes. So unless management finds a way to take this one up to 1 billion no one is going to be interested. MA is about numbers, not technology.
Never underestimate bad management.
Those 100k blocks of shares they purchased were wagers by some hedge fund outfit, not real buys from the CEO or CFO. This is how it works. Someone invested in the company throws that "carrot" in front of them by enticing them to "do better".
If numbers grow and the stock appreciates they get all the value above cost while the outfit gets its cost back after the block is sold into the future.
The second block purchased on behalf of the ceo/cfo was a second -misguided- attempt at the carrot in front of them.
I'd say if next quarter numbers won't get substantially better hedgie will dump the 200k shares can call it quits. Not even this call option can make this management deliver!!
Meanwhile, it won't hurt to keep the lid on SGA and RD. Which the company clearly has a problem with.
The central issue is: are they diverting earnings that belong to shareholders to a black box that we know nothing about or can be conveniently morphed?
More than 95% of public companies have management teams dedicated to screw their own shareholders via special vehicles, stock options and other ingenuous schemes, ie. research and development.
This is not Buffett's times anymore. In 1929 the 1% were the directors of companies. Now, that 1% are upper management.