correction...Q3 earnings were in line at.71 when subtracting a $25m tax benefit. And revenue from down stream will NOT be recognized as revenue.
the more downstream they have, the less revenue and less earnings. However based on the Q3 transcript they will be including downstream as sales. Too much downstream and they miss earnings. Even though they should not be measured that way. SUNE is working on having no solar revenue, but will have some, they miss estimates each Qtr. Looking back at the trading action in11/20 Q3 when JKS beat big on earnings and light 40mw on revenue, it traded bad on earnings day, but recouped big on 11/21. Looking at options, there is a big open interest on the $20 Puts, 2000 contracts, trading last at .70 which is big bets on a miss. Someone early Fri on stocktwits said there is a 11% move in either direction based on options.
short term though it's bad news for FSLR and SPWR. When you retain MW you have costs and no sales. Were they already in the earnings estimates? Chances are, no, so it cause you to miss guidance and estimates.
maintain $34 Target Price
$34 value per share from $15 for Solar Development using a 17x 2016 pro-forma cash earnings multiple discounted back to today, $8 for SUNE's interest in TERP based on a 2016 dividend yield, $8/share for SUNE's IDRs in TERP, $1 for SUNE's interest in SEMI and less net debt
this is the most important announcement as it relates to SUNE. Recurrent undercut SUNE/TERP in the Austin TX deal back in May. We don't need these deals stinking up the place.
the more you talk ghook, the more you show you don't know anything. I compared NEWN to HPJ as far as attending CES. I didn't say anything about HPJ being delisted. So apparently everything you have ever posted is suspect; since you don't seem to be able to read!
it's a trade show. You pay for space and you attend. It's not an exclusive club. New Energy Systems Group NEWN attended in 2012 as a battery maker. They delisted not to long after.
Enough with the pumping.
Ghook, stop responding to me if you can't handle the heat. The CES was a failure. The CES is for new products and savy PR departments to announce deals, HPJ did neither. They got no buzz.
wow, hostile hhunsaker. Why not be hostile to todadamson for posting a story unrelated to HSOL.
I'm sorry you and Doc didn't listen to my advice and get out of HSOL. Obviously neither of you had enough gains elsewhere to write off the tax loss. What a shame. I keep on eye on the sector, as any smart investor who values DD. Why would I waste such a wealth of information.
I'm long, I do have a clue, they did nothing for investors at CES. Take off the rose colored glasses.