Doesn't Apple have all of its manufacturing in CHina? At least CSIQ has some in Canada. They behave more like an SPWR than a JKS. Call it what you want but it will eventually be valued correctly more akin to SPWR. Who cares where they manufacture (think Apple).
Will someone read that and explain to me please? It's about the goofiest thing I've tried to read. Solar demand is slowing and polysilicon prices will correct lower? Seems like lower polysilicon would be good for solar and, as I recall, Trina is running full capacity and can't make enough panels. What am I missing or is Johnson getting desperate and just trying to spread fear?
I recall CSIQ contracted for 400 to 500MW of Taiwan cells for 2015. The tariff on Taiwan got dropped substantially (and the Taiwan companies rallied the day the tariff announcement was made) so utilizing those in the Canada manufacturing will cause a minimal tariff issue for CSIQ USA shipments.
The following is from a November 17, 2014 article in Forbes:
Trina Solar Plans To Expand Manufacturing In India
Trina Solar, China’s largest profitable solar company, intends to set up a manufacturing facility in India over the next few years. The company is looking to diversify its manufacturing capabilities, with plans to derive between 20% to 30% of its production from outside China. India is an ideal market for solar power, given the acute shortage of electricity, relatively high electricity costs and growing concerns about greenhouse gas emissions. The Indian government recently enhanced its solar installation goal, targeting an additional 15 GW of solar capacity by 2019. Trina Solar has a market share of over 10% in India, having supplied about 280 megawatts worth of solar panels in the country.
I would like to see them take $200 to $300 million and buy back 10 million shares. That would make a $4 + earnings pre-buyback approach $5 per share post buyback on the reduced outstanding shares alone. I venture to guess this would also drive the shorts to cover and otherwise boost the share price to $40 + (where it should be now even without a buyback). Then, get additional liquidity through a yieldco or, in a worst case scenario, do a secondary offerng at $40. The shareholders win, the company makes $100 + million on the arbitrage share differential, and the shorts lose. Would be like a transfer of wealth from the shorts to the company and long shareholders. Anyone else (besides the shorts) vote for this? Maybe even top it off with a dividend so the shorts have that out of pocket first. Good thing for the shorts I'm not running this company.
I disagree. CSIQ will have a price competive advantage over the companies subject to the tariff. In general, the tariffs will make solar more expensive in the US (thus affecting jobs and maybe some projects don't get done). But CSIQ should be able to sell possibly more at a higher price. This may actually increase their margins in the US.
I'd be interested to know if it gets around tariffs. That depends on where the components used for the modules are manufactured I believe.
Are you sure? Below is from the JKS website. The question though is the source of the materials for the modules assembled there.
JinkoSolar’s South African Production Facility is in line with Industry Standards in OST Energy Independent Technical Review
SHANGHAI, December 8th, 2014-- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its South African production facility is in line with industry standards in an independent technical review conducted by OST Energy.
OST Energy, which conducted the review according to the UK’s standards, is an independent engineering consultancy firm. OST Energy concluded that all modules tested were manufactured to the highest standards of quality with no significant defects and consistent power output. The results of the modules tested suggest that the Company’s manufacturing facility in South Africa is capable of producing products within higher standards.
“We are pleased to see our South African production facility, is in line with industry standards following the successful review of our Shangrao facility last year,” commented by Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. “As a global leader in solar industry, this review confirms that JinkoSolar isn’t compromising its industry leading quality standards and customer service by building production facilities overseas. As a global leader in the solar PV industry, OST Energy’s review is another step in our effort to expand our presence in the UK and distinguishes us from other manufacturers by presenting customers in Europe with a recognizable endorsement when selecting the most suitable product from our portfolio.”
Not sure where the 10% comes in. More like a 20% cap gain rate plus the applicable state income tax rate.
Agreed. If you remember, when oil was rising, it was "the added cost of oil will destroy the economy"/
The GCL chairman says there has been "explosive" 4th quarter growth and that China will meet its 2014 goal of 14 GW. From a PV-tech article yesterday.
The same post I made on the JASO board isn't getting posted here. I'll try again and leave out the link to the article. Go to the JASO board for that link. In a PV-tech article yesterday the GCL chairman says that due to "explosive" 4th quarter growth China will meet its 14 GW installed goal for 2014.
In a PV-tech article yesterday the GCL Chairman says that there has been "explosive" growth in PV installations and that China will therefore hit its 14 GW 2014 installed target.
Due to an "explosive" 4th quarter the GCL http://www.pv-tech.org/news/explosive_growth_in_dg_market_to_take_china_to_14gw_says_gcl_chairmanchairman claims China will indeed hit its 14 GW number for 2014.
The mantra when oil was going up was that it was going to kill economic growth. Now, growth must be down because oil is going down they say. But I agree, the fall in oil will make everything more affordable, including solar from the consumer level to the government level. And the buyers out there know that, they are just playing on the fears of the market.
Nope, already down because of that. I'm guessing part of Obama's deal with China was to cut back on the tariffs. Will be a strong up catalyst. In fact, from the trading this morning maybe someone knows that already?