especially after you look at how NBG is selling on the Athens exchange? ETE.AT closed at $1.20 a share on Friday and is now sitting at .84 a drop of 30% for the same issue but on different exchanges ???
When he speaks, he seems to not hold anything back. He once called Bitcoin “rat poison” on national television. That is just one of many examples.
Back in May, during Berkshire Hathaway’s annual meeting, Munger had a few things to say about the Eurozone. Specifically, he seemed to target the on-going dilemma with Greece. In light of certain developments around Greece and its bailout, it will be interesting to see how Munger’s words hold over the next year:
what are the chances that the YieldCo will be presented at the shareholders meeting on Monday June 22 ???
Sentiment: Strong Buy
BETHESDA, Md., June 17, 2015 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (TERP) ("TerraForm Power") today announced that it has commenced a $500 million underwritten public offering of shares of its Class A common stock. TerraForm Power has also granted the underwriters a 30-day option to purchase additional shares of its Class A common stock. TerraForm Power intends to use the net proceeds from the offering, along with the net proceeds of its recently completed offering of $150 million of its senior notes due 2023, to (a) repay amounts outstanding on its revolving credit facility, which amounts were used to fund previously announced acquisitions including CANADIAN SOLAR plant acquisitions from Invenergy and Moose Power and the acquisition of certain solar generation facilities from a wholly-owned subsidiary of Integrys Energy Group, Inc., and (b) for general corporate purposes, which may include the funding of future acquisitions from its sponsor (SunEdison, Inc.) (SUNE), future acquisitions from third parties, and/or debt repayment. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.
Sentiment: Strong Buy
SHANGHAI , June 16, 2015 /CNW/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that its PV modules have passed the high-grade Class 4 Hail Test conducted by RETC in May at its facility located at Fremont, California , following the successful pass of the similar test conducted by TÜV Rheinland in early March this year.
Jaso was trading at over $11.00 per share w/i 52 weeks buy out must be above that IMHO
thank you for your considerate reply it has been awhile since I had closely followed this issue...best of luck on Monday
has there been any guestimates re: what the earnings release will look like on Monday?
odd thing to do only days before Mondays Earnings release ??
Unfortunately Chuanwei Zhang was not yet able to announce this new agreement at today's CC with Narendra Modi. This why the forward guidance is so optimistic.
BY KEN HOOVER, INVESTOR'S BUSINESS DAILY
05/18/2015 06:15 PM ET
Solar energy stocks seemed to have gotten their mojo back. As of Monday's IBD, they are now the No. 2 industry group out of 197, up from No. 129 just six weeks ago. The rapid move up has coincided with the partial recovery of oil prices. Solar is an alternative to fossil fuels, so when West Texas intermediate prices sank from above $100 a barrel to the mid-40s earlier this year, the outlook for solar turned bleak. With the recovery to $60, solar looks a bit better.
It's also allowed some solar stocks to set up in bases.
Solar stocks are still a long way from the heady days of 2006-2007, when companies like First Solar (NASDAQ:FSLR) climbed from the low 20s to above 300, then collapsed in a heap during 2011 and 2012.
First Solar issued a disappointing earnings report earlier this month and is currently not among the leaders in the group.
Among the stocks to watch in the group is Israel-based SolarEdge Technologies (NASDAQ:SEDG). The company makes power optimizers and inverters to convert the sun's heat into electricity. The company claims its technology is more efficient than that of competitors.
The stock came public March 26 with an offering price of 18 and closed its first day of trading at 20.70. Since then, the stock has climbed eight straight weeks, denying investors anything resembling a buy point.
SolarEdge is a good example of a technology IPO that is just starting to turn a profit with outstanding prospects.
The company didn't report a quarterly profit until three quarters ago. Since then, EPS has risen from 6 cents to 9 cents to 22 cents, with analysts forecasting another 22-cent quarter in the next report.
Analysts expect 117% earnings growth in 2016.
The company recently announced a collaboration with Tesla Motors (NASDAQ:TSLA) to build its home battery.
Canadian Solar (NASDAQ:C
Ming Yang Forms Strategic Partnership with Reliance Group
Development of up to 2,500 MW Clean Energy Projects in India and Expansion into South Asia Region
ZHONGSHAN, China, July 2, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that the Company, through Ming Yang Holdings (Singapore) Pte. Ltd. ("Ming Yang Singapore"), its Singapore subsidiary, has entered into definitive agreements with Reliance Capital Limited and its related entities, forming part of Reliance Group ("Reliance"), one of India's largest private enterprises.
In addition, the Company has signed a Memorandum of Understanding ("MOU", together with the definitive agreements above mentioned, "Agreements") with Reliance Power Limited ("Reliance Power"), the largest private sector power company in India, both, in capacity under development as well as Market Cap, to co-develop a large portfolio of clean energy projects.
Under the Agreements, Ming Yang Singapore plans to establish a joint venture with Reliance Capital by subscribing new shares to a significant stake in the share capital of Global Wind Power Limited ("GWPL"), a leading wind power solutions provider in India, in which Reliance Capital Limited and its related entities are currently the largest shareholders.
According to the MOU, China Ming Yang Wind Power Group Ltd. is expected to provide total engineering, procurement and construction ("EPC") solutions, including micro-siting, wind resource assessment studies, project financing and other services for the proposed projects for Reliance and third parties. Reliance is expected to play a supporting role in facilitating these proposed projects in addition to providing local market support."Reliance is the leading player in India's utility sector, committed to clean energy development, and our strategic partnership is another strong endorsement of our capabilities in overseas markets, where we offer total solutions by combining equipment, technology innovation and financing support. This platform between Reliance and Ming Yang is expected to enable us to quickly capture and grow India and South Asia markets. We are confident that our international market development will gather great momentum and further drive the Company's growth," added Mr Zhang.
Ms. Ling Wu, who is the wife of Mr. Chuanwei Zhang, Ming Yang’s Chairman and Chief Executive Officer, is one of a group of sellers who have agreed to sell to Ming Yang certain entities holding the shares in China Smart. Mr. Chuanwei Zhang declared his material interest in the acquisition to Ming Yang’s Board of Directors (the “Board”). The Audit Committee of the Board evaluated and approved the acquisition of RENergy, and recommended that Ming Yang undertake and consummate the acquisition. Upon full payment of the purchase consideration by Ming Yang, Ms. Ling Wu will receive 20,539,306 ordinary shares in Ming Yang and RMB213,493,658 in cash.
RENergy is engaged in the manufacture, sale, research and development of electrical system equipment. It is China’s largest supplier of core components for wind turbine generators (“WTG”), including components such as main control systems, pitch control systems and converters. RENergy is the only company in China that provides total electrical control solutions by offering and integrating the three core components of the electrical control system. It has a team of over 550 staff based at its headquarters in Tianjin and in two nearby production plants. Of this team of personnel, approximately 30% are focused on research and development. With nine trademarks and over 130 patents, RENergy is the first China-based company to have proprietary core control technology relevant to electrical control systems.
RENergy historically has been one of Ming Yang’s major suppliers, and has been considered and treated as a related party of Ming Yang. In 2014, RENergy supplied RMB794.4 million (US$128.0 million) worth of components to Ming Yang, representing 87.1% of Ming Yang’s aggregate amount of related party transactions involving purchases of raw materials. Following Ming Yang’s acquisition of RENergy, Ming Yang will consolidate the results of RENergy and Ming Yang’s financial statements will no longer include related party transactions invol
SHANGHAI, China, May 18, 2015 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced its unaudited financial results for its first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Total shipments were 681.5 megawatts ("MW"), an increase of 6.8% y/y and decrease of 28.5% sequentially
Shipments of modules and module tolling were 584.1 MW, an increase of 50.5% y/y and decrease of 33.6% sequentially
Shipments of cells and cell tolling were 97.4 MW, a decrease of 61.1% y/y and an increase of 33.2% sequentially
Net revenue was RMB 2.4 billion ($387.7 million), an increase of 5.6% y/y and a decrease of 32.8% sequentially
Gross margin was 16.1%, a decrease of 60 basis points y/y and an increase of 60 basis points sequentially
Operating profit was RMB 149.6 million ($24.1 million), compared to RMB 160.9 million ($26.0 million) in the first quarter of 2014, and RMB 222.4 million ($35.9 million) in the fourth quarter of 2014
Net income was RMB 35.0 million ($5.6 million), compared to RMB 85.0 million ($13.7 million) in the first quarter of 2014, and RMB 166.1 million ($26.8 million) in the fourth quarter of 2014
Earnings per diluted ADS were RMB 0.59 ($0.10), compared to RMB 1.41 ($0.23) in the first quarter of 2014, and RMB 2.55 ($0.41) in the fourth quarter of 2014
Cash and cash equivalents were RMB 1.9 billion ($306.2 million), a decrease of RMB 256.7 million ($41.4 million) during the quarter
Operating cash flow was negative RMB 237.1 million ($38.2 million), compared to positive RMB 198.2 million ($32.0 million) in the first quarter of 2014
Non-GAAP earnings1 per diluted ADS were RMB 0.82 ($0.13), compared to RMB 1.99 ($0.32) in the first quarter of 2014, and RMB 1.74 ($0.28) i
Sentiment: Strong Buy
I pitty the fool that has not covered their short position .....Canadian Solar will rock the market !!
Indian and Chinese companies signed deals worth $22 billion in Shanghai on Saturday, soon after Prime Minister Narendra Modi made a strong pitch for the two countries to work together in an address to the India-China Business Forum. External Affairs Ministry spokesperson Vikas Swarup in a tweet shared an official document containing details of the agreements signed between Indian and Chinese companies, spanning industries including renewable energy, power infrastructure and steel.
Here's a list of the pacts signed:
Axis Energy Ventures India signed a tripartite MoU in the renewable energy sector with Chinese companies Mingyang Wind Power and Global Wind Power.
Essel Solar signed a pact with China's JA Solar to set up a solar cell and module manufacturing facility.
Sentiment: Strong Buy