Expectations for around $1.20 for the qtr, and continued strong growth into 2015.
I think the question now, is the sustainablity of the Sept qtr earnings. In their CC, they said that the Sept qtr was their strongest, so will that mean less in the Dec qtr ? It seems looking at last year, the Mar qtr was the weakest. I'm not crazy that the company refuses to give any visibility on future revenue or earnings numbers- not even gross profit %s, and not even one quarter out, as asked by one caller. So we are left to completely guess as to whether the Sept qtr is sustainable,
Having said that, I do like the company, and am impressed with their progress- just really hard to value with zero guidence.
For the third quarter of 2014, the Company expects module shipments to be in the range of approximately 720 MW to 750 MW. Total revenue for the third quarter of 2014 is expected to be in the range of $760 million to $810 million, with gross margin expected to be between 19% and 21%.
Anyone realize that if they make their numbers, they'll likely post $1.20+ for the Sept qtr, and with almost as much in revenues as FSLR had(within about 10%) !
CSIQ looks awfully good vs the other solars. I mean they just made $.95 for the June qtr, and expecatations of $1.20+ for the Sept qtr. They also do almost 90% of their business between Japan, Canada, and the US, with only around 8% in China, and keep growing bookings like crazy- check it out.
Seems Solar City, and now FSLR guiding for flat to weaker Q4. CSIQ is cheap, but PEs don't seem to matter as much as the trend in the sector, which is down down down, just about every day.
Don't forget, it's not only a matter of delivering for the Sept qtr, it's about guidence. Tariffs, Japanese grid issues, and cheap natural gas(directly competes with Solar) a biggie, are keeping investors concerned. I mean I 100% agree that CSIQ looks undervalued. However right now, valuations are cheap for the entire Solar sector, primarily for the cheap natural gas IMO. Also the Republicans taking the Senate won't help things(as they don't like alternative energy vs natural gas & oil), but then again, very little revenues come from the US.
I think Solar stock runs go in cycles, and the question is, what part of the cycle are we in ? Judging from the chart, the stock ran when oil & natural gas were much higher, despite CSIQ having a superb June qtr, with super guidence as well. I was actually taken back when I saw CSIQ go from $44 to $26 recently despite analysts expecting a $1.25 Sept qtr ! Again I think this is all about the perception investors have that with the price of natural gas so low, that it might be a preferrable alternative to Solar- for now anyway.
What now ? Tomorrow will be interesting.
I don't get it. I mean 23.9M shares is over 25% of the float. This after the patent news, after the announcement of phase 3 for use in early stage renal disease non dialysis, and after the largest shareholder doubled their position- just makes no sense.
No brainer at $16.50 after this spectacular $.61 quarter, and mind you, with only $.01 from investments. Also the company's guidence remarks of business staying strong in the Dec qtr, and continuing to grow is positive.
Production up, guidence up, eanrings up, revenues up, yet the stock tanks ? Is this about the lower price of oil ? The concern over tarriffs ? Japanese grid issues ? I don't get it.