on the call the company revealed gross margin pressure and increased spending pattern - this will be down big time today
actually the company has to be compared to its peer group, the Chinese solar industry. Given the continued support from Chinese local and government banks high debt levels shouldn't be viewed as a problem especially given the fact that the company will continue to show positive results for the next few quarters. So debt will come back down and the balance sheet metrics will improve. Just read the most recent conference call transcript to get a better sense of the company's business. I will happily add to my position should the share price continue to weaken.
game over - this will get ugly tomorrow
given all the acquisitions the numbers look like a bad joke - net income just because of GAAP accounting requirements (actually because the stock price is down so much since last quarter)
real number is a loss of $1.52 per share - UGLY
I don't think so - I am already up $1.5 in after hours and I am pretty sure that analysts will cut their price targets. No growth company is trading at more than 12x times revenues anymore.
watch analysts cutting price targets and raising loss estimates across the board tomorrow morning - might be down 20% or greater
market cap still at $3 bln - no one wants these type of stocks these days - this will be down very nicely tomorrow
great revenue growth and even better revenue guidance but actually expenses are growing double that rate which does not bode well with investors these days. Shorted in after hours.
would short into any movement as the results are saved by a huge one-time gain - in fact product sales were cut in half form the already dismal last year's number. Sell.
so it is hard to see why the pattern of overpromising and underdelivering should change going forward - the Sunetric acquisition makes no sense at all given the state of the Hawaiian solar market (and the fact that Sunetric would have filed for chapter 11 otherwise) but the worst announcement on yesterday's call was the decision to pull the $200 mln shelf later this year. So with the company coming to the market with another 100 mln new shares or more there's absolutely no incentive for investors to get involved with the shares in the meantime. The company remains a third tier solar installation company trying to mask themselves as the new Solar City. Avoid.
scaling in here at $26.50 - stock down from $40 before the secondary was announced - company just returned to sustainable profitability and gave a very positive outlook. Once the market has worked through this offering this will move up nicely. Looking for $35 within eight weeks.
given all the puts and takes I would lean to the long side here (but just for a daytrade) even with the expectation of another deeply discounted equity offering ahead. Shares are at multi-year lows so I don't think there will be much selling pressure today. Bought 50k shares this morning around $1.24
- abysmal quarter
- even with revenues projected to be up 50% qoq this is still below analyst estimates
- projected Q2 cash burn a whopping $7 mln leaving the company close to their minimum threshold of $10 mln
- no clear projections how to move forward given the liquidity pressures and ongoing losses
- management guiding for better times ahead - revenues will increase further in Q3 and Q4
- gross margin starts to move up
- higher revenues open access to increased credit line
this will go much lower - if long term shareholders see the company fully valued at $15 why should the street value the shares higher given that the company has a long string of poor execution