It is funny to see SOL got pumped so much.
SOL's problem is close to HSOL and YGE.
SOL has Debt/Equity (mrq): 586.92, which is very high.
SOL's problem comes from its polysilicon and wafer business.
GCL is too big and strong. I feel SOL is quite unlucky which needs to compete against GCL. Smartly, SOL also gradually transform into module business. Anyway, debt is too high. Just a few manufacture factories locates overseas to avoid US tariff is not going to change much.
Jaso's downstream project will contribute extra profit next year.
Asian solar market is booming and China 2015 market will not shrink, Jaso is #1 in Asian solar module sell (in Japan also).
Module efficiency is the highest among the Chinese solar company.
By the way, Jaso just singned a 100MW DG project with Laiwu industrial city in Shandong a week ago (12/12/2014). The city locates in China's northeast coast line area. It definitely has no grid connection problem by providing solar energy to steel based high population industrial city.
Q4/2014 China is going to installed more than 6GW.
Direct instinct is Jaso will make good money in Q4/2014, and 2015 will be even better than 2014.
I interpret it as "bottom"'.
PSEC pays too much div, NAV dropped some and it is rated as equal weight sounds fine with me.
With .083 new div, I still get 12% with current PPS, while PSEC can begin increase NAV. So PSEC PPS should gradually begin to claw up. Good deal to own(buy) PSEC at this price, everything sound good.
It is manipulation game.
Good company like JASO TSL and CSIQ are down, while junk company like YGE are up.
As a TSL stock holder, we should ask TSL board to approve a buyback program.
Jaso's current COO & CFO was appointed since December 2013. From the conversation in CC, these two top management guys look to be quite conservative and competent. Under their leadership, Jaso is on the right track and make decent profits for 4 consecutive quarters.
Talking split, JASO do a 1:3 split in year 2008. -- that good
When US announced anti-Chinese Solar cell dumping, JASO got the biggest hit because JASO was a Solar Cell (biggest solar cell company in China). The previous management do a fine job ( not as good as current one I guess), Jaso was able to maintain very low debt and migrate into Module business. I can understand why Jaso need to do 5:1 reverse split because Jaso don't want to lose large institution client.
correcting: "HSOL is losing money and struggling for survivor. "
SOL is losing money and struggling for survivor.
Jaso is on the rising.
I question about "sold my JASO and bought HSOL".
Jaso's module is one of the best in terms of efficiency and cost.
Jaso;s highest end 60 cells product has reached 295W now and in mass production. (go to check their web site under product)
I do not know any other Chinese Solar module has over 275W for 60 cells now. I guess Q CELL may have 280W only and probably cost higher.
Jaso normally keeps low profile for it's business activities.
This 100MW is really a meaningful mark.
This large-scale solar park was originally planned by the local government to build 700MW, late expanded to 1GW. Now Jaso got the first 100MW, Certainly hope Jaso will have continuation for the future sell again.
PSEC web site is correct. From March on, the March 19 begin to receive 8.33 cents.
The Dividends cut is a reasonable smart move. Now we can get about $1.00 per year.
PSEC EPS is around $1.18. Paying 0.11 a month is over-stretched for long period of time. It may cause PSEC to do dangerous loan lending....
With new rate, PSEC is quite healthy--- make 1.18 and pay 1.00. Dividends still above 11.5% with today's PPS around 8.5. What a good chance to buy!!!
JASO PPS has jumped a lot since this post Nov 13.
Q3 CC announced 90 M buyback and updated P/E at 7.4. Downstream project profit will begin to come in next year. 60 Cell module output 280W.
Lot of high efficiency cells at production lines now, it can make decent profit even without downstream projects. I like this conservative company with solid result and less news bragging...
SPWR 's gloomy outlook is understandable. SPWR's P/E is too high.
Since China is the biggest Solar pie from now on, good and robust Chinese Solar companies should begin to shine.
CSIQ plans to add 500M module and 400M high efficiency cell. It shows solar market is good. FSLR adds solar module capacity for year 2015 too.
Solar industry is in good shape.
TSL and JASO should begin to shine.
CSIQ has it's own "gross margin" normalized issues. I expect CSIQ's gross margin normalized to 15%-19% for 2015.
From 2015 beyond, the profit for selling cell, module and downstream projects should be more evenly distributed. CSIQ's still the best Chinese&Canada based Solar company. It should has the EPS around $2.40-$3.00 for year 2015. PPS at $27 is a little bit oversold.
Fslr has more near term issues besides yieldCo.
. Solar downstream project is quite overheated now, Fslr's gross margin will shrink gradually.
. Fslr 's CdTe based thin film performs much better in high temperature such as North Africa and Middle East, these area's solar market hasn't grown as big as Fslr expect.
. TetraSun looks behind schedule. Asia now is the biggest solar pie, DG should be the main solar demand for these high population density area. Without TetraSun, Fslr has very little chance to break into Asia market.
. With republican in control both Senate and Congress, can Fslr continue to get big subsidized lucrative solar project?
Since the downstream projects are overheated(very competitive), I guess the project's gross margin should shrink. I would be very careful to put money into CSIQ and JKS since these companies claimed to make nice profit from downstream projects before.
For Year 2014 and beyond, Asia's total (China , Japan and other Asian countries combined) Solar module demand are more than 50% of the whole world market. JASO probably is the #1 module supplier in Asia market. Just hold and wait ...
Bad bloody competition result in losing money for silver company.
AG increased production to cut the cost while Silver price dropped even deeper.
Make no sense to buy silver company's stock share since losing money will weak the company's financial status.
Buy SLV at this price and hold, it will make money eventually since some silver miners will bankrupt eventually and cause the silver price to return to normal price.
I don't see JASO has any short term debt problem.
If JASO want to bid big large downstream project, then JASO definitely needs more cashes.
I think JASO's priority should be bringing down the module cost and prove that JASO is profitable even just selling it's high efficiency module, then JASO's PPS will be up.
Then JASO will be at better position to raise more cashes and slowly grow into large downstream solar project back log later.
Good idea to integrate Tigo's technology into JASO's smart module. TSL is also Tigo's customer.
JASO's module is very marketable.