again - this is no backog s evidenced by the poor conversion figure of just $60 mln over a FULL calendar year. When applying a $15mln quarterly run rate to the new MSAs it would take close to 5 years to convert all the guesstimated current MSA backlog to revenues
this is NO backlog - management should be put in jail for this - the company GUESSTIMATES the backlog out of the MSAs. The revenue might never be realized or spread over a 20 year time frame as evidenced by the poor backlog conversion figure of just $60 mln for the next year.
you must be joking - the shipment guidance for Q2 fell far short of even the most pessimistic expectations. The new strategy of focussing on higher margin business might propel gross margins in the short term but will ultimately result in heavy market share losses and further reduced pricing power going forward. Given these issues the company remains uninvestable for the foreseeable future. Cash flows also a cause of concern once again.
operating loss was just as expected by analysts - profit just because of some accounting issues
I am getting short here - other than in prior releases the pr contained NO GUIDANCE and NO bookings number. Given that Andi never misses a chance to tout the greatness of the business I would expect a nice guide down on the call.
getting short a few shares here
Cash is down another $18 mln for the quarter and will continue to decline at this pace for at least two more quarters. Remarks about demand outstripping capacity is mainly a function of ramp up difficulties and very small current capacity. Further substantial investment is required to double output before year end.
Analysts on the call clearly NOT buying the rosy picture yet. Many questions around the huge guide down for next quarter, the sale of the ultra-high-margin Japan business and another possible revenue step down for the December quarter.
Would steer clear of the shares here and revisit the company after Q4 results.
stock in the red already once again - still short full position from yesterday - still looking for $2.25 next week. Fantastic gain already and a great call once again.
actually I never get really burned on anything due to tight stop buy management - short positions are risky so I would never bet the house just to prove I am right. And I really can't remember losing any money on this one except for minimal daytrades perhaps.
as predicted this morning - stock should move closer to $2 going forward. Looking to cover around $2.25 next week.
fact is that the shipment guidance is far below expectations (about 100 MW) and that the current margin improvements won't take hold going forward
and unsustainable margin improvements - cash flows again heavily negative. The company remains a complete disappointment and the shares should be avoided at any cost. New strategy will result in heavy market share losses and even weaker pricing power. It's just a shame.
sure - the shares are already down a dollar from after hours highs - upside solely to non-recurring settlement
sure - I am not always winning - GTAT remains #$%$ though as evidenced by the latest conference call.
SOL is in the red as predicted - nice gain
Analysts unhappy on the call with very high inventories and the companies inability to come even close to the original shipment guidance. Focussing on short term margin optimization seems a poor move as Renesola will lose plenty of market share which does not bode well for the future. Company is getting closer to lose relevance in the global solar market. Sell.
sure - gross margins look good at first look - company was profitable compared to expectations for a loss. Uneducated investors are bidding the stock up here. This will reverse during market hours especially given the fact that the stock is already up 25% going into earnings.
due to a reversal in the provision for doubtful accounts - shipment guidance is WAY below expectations and cash burn was a whopping $40 mln. All in all a disappointing quarter and an even more disappointing outlook as usual. Shorted in pre-market.