Tenants may be difficult to remove because of housing protections, but leased equipment is the responsibility of the lessee, and if you don't want it, or if the lessor is not willing to renegotiate with terms that are acceptable to the new owner, you can order them to remove it, or it becomes abandoned. There should be some paragraph in the lease that addresses this, so you need to have an attorney review it. But either way, since you did not sign the lease, you can't be forces to assume its responsibilities.
Since you guys seem to be in the know, how common is it for solar lessees to have a negative electric bill, or do the panels often produce that much of an off set?
On April 9, FSLR went from a prev. day close of 27.04 to to a day's high of 41. That is a 51% jump in one day. It is not uncommon to see solars pop (or drop) 20% in one day. But when the drop 20%,, as FSLR did in mid October, it might be a good time to think about buying. Because it has gone up $15 (30%) since then. Oh, and for those who may not have noticed, CSIQ is up over 1400% in the past 52 weeks.
Actually, it fell back to $50 two weeks ago, but then it went back to 65. But it was in the $30s only last September (a WHOLE two months ago), and if you had purchased it then would have doubled your money...in only two months. You need to look beyond this afternoon for your investing strategy.
I would say that since several solars are up over 100% this year, there is probably a pretty good reason.
After Fukushima, Japan is moving away from nuclear power. They don't have much oil of their own, and as most of the country is between 30 and 40 deg. LAT. (SAME AS N. Africa and Southern US) solar seems the logical way to go.
Not really sure as to why anyone would want to short this. Shorting a company that is in a declining market and losing business makes sense. Shorting a company that is in a growing market and is signing half billion dollar multi-year contracts with the likes of Apple just doesn't make sense. Please enlighten me.
What are the chances that they will be bought by Apple? Apple may want to (1) protect their supply chain, which they did with the Sapphire agreement, and (2) keep the superior technology from their competitors.
And Apple has plenty of cash!!!
The switchover from just manufacturing ans selling panels to leasing and installing panels, while profiting from the electricity generated, is beginning to bear fruit. More and more companies are becoming profitable (while the weaker players have pretty much gone away. The contracts are for 20 years, so this is becoming a long term strategy.
If he had said this a year ago, he would be a genius. At this point, he is just a bit late to the party.
Any stock that goes up 1,000% in a year (doubled in just the last two months) has to expect some profit taking. When you see the price swings of 20%+ in a single day (FSLR went up 49% in just one day last April, and there have also been several greater than 20% down days), this profit taking is to be expected. Very volatile, but the long term trend is still up.
And as the model changes from just selling panels to developing large utility projects with plenty of steady long term income (remember, once you build the solar farm, you only need to clean the glass once in a while), these companies will be around for a while, and may even begin paying dividends like a utility.
SOL needs to get above the $6 pre-secondary price in order to maintain credibility. We should know on Nov 25th with earnings. Still a gamble, but at $4, worth the risk. If it ever goes above $10, the sky's the limit.
SOL, like a lot of other solar stocks, is up more than 500% this year. And SCTY went up 23% just today. A 20+% one day increase is not uncommon in solar.