I was thinking of holding until $15...but hey....can ARTX return to those glory days?
Apple has financed GTAT to build a Sapphire plant in Arizona that is nearing completion. Apple will use sapphire on its devices but has not revealed exactly how. Apple will be unveiling several new devices this fall and speculation is they will use a Sapphire screen possible infused with some solar charging capabilities. GTAT develops solar technology and equipment and sells that equipment to solar manufacturers. Working with Sapphire and Apple is a new venture for GTAT. What is interesting is that, even though the plant is not yet complete, they are looking to possible double the size. The price target for GTAT has been raised by several major banks in the past month. But that was before talk of this expansion. GTAT is 81% institution owned and could very well be one of the best stocks of the next two years if Apple does indeed switch from in Corning Glass screen to Sapphire in their new devices. Whether they completely switch or just use Sapphire here and there....one thing is clear....they are building a factory large enough to produce a complete Sapphire screens for all of their new Iphones. Whether they do so remains to be seen. Meanwhile, Apple has files patents for Sapphire phone screens. And GTAT has ordered enough Sapphire furnaces to supply a whole lot of Sapphire. And this was all known before the new talk of expanding the facility. This partnership with Apple...along with the recent announcement of new game changing solar technology makes GTAT my favorite stock ....along with SPWR. But GTAT will likely double from its current level this year......while SPWR is anyone's guess. $65 for SPWR this year is a possibility...but more so for next year. Im holding both through 2015. That is, unless Total and Apple buy out all my shares.
I'm gonna make friends with the janitor.
as Chasin mentioned GTAT current chart looks alot like SPWR's last year. Difference is, GTAT is working with Apple. I am loaded up on both. Transferred all my KNDI shares into GTAT. (actually SPWR has built at least a couple solar projects for Apple to power their data centers. I believe they are currently working on one in Reno).
Are the workers sworn to secrecy like government workers?
Everyone's guessing. For certain SPWR is growing. Its just a matter of how much big firms are willing to buy into the future. As one analyst put it 'at present the stock is priced perfectly'.
Christmas in July your talking about. There is no way this takes until December to hit $25. By December it should be $39
But after the great earnings report in July the stock pulled back 30%. Then...with no particular news ...it climbed for 17 days straight. There is no telling . It could bust through and go up over $40 in one day...slowly rise for a month...or correct further and go to $27. The latter seems less and less likely now with so much good news. If confidence returns to the tech sector I don't see how SPWR could stay flat. And even if the whole market continues to correct..SPWR would have to push up into the next earnings.
I don't know if there is a standard for how high a PE a solar growth stock can have.....but we all know that growth companies in general can have much higher PE. Even grocery stores...like NGVC has a PE of 90. If the growth story is very solid....SPWR can easily be twice what it is now. Even with this latest market flush....good growth companies still keep their 70-100 PE price level. So I don't think its about lowering price targets. I think its simply about whether their is belief in the growth. It appears that SPWR believes in that growth. They say they want to be 10 times larger. I am not selling a single share. Some analyst think SPWR will announce a huge mega factory this year in order to double capacity. Perhaps SPWR goes up slowly....but for sure it does not go down much.
It is really big news but few realize that yet. When many chinese companies still have excess capacity I think most people can't make sense of an American Solar company in China. Hopefully the big firms realize what it means and give some upgrades and $50 price targets.
take this to $50
BUY the DIP. Go all in! And hold until $44. And you will outperform Chasin for the whole year....simple strategy...no brainer...don't have to sit in front of a computer all day. No analysis paralasis.
Those 10, 000 shares came from KNDI which I rode another $13 after its initial breakout piont when you advised me to take half off the table. It also rose $12 passed the gap that has yet to fill. All your winning is carpletunnel. You got to know when to hold em..know when to fold em.
You won the argument. The bigger question is did you buy? Make any money? I was in 10, 000 shares at $15.33 two weeks ago.
I was the top buy at $15.33. The next day we opened over $16 and formed that gap. Technically that qualifies as a gap fill.
If you were waiting for that I hope you had your buy order in. The whole thing occured over a matter seconds.
Why...yes it is. Fourth chance it has had to fill the gap between $15.30 and $15.80. If this market keeps going south i guess it could happen. But in the meantime there is a very nice swing trade between $16.50 and $17.30
Ok...we are thinking the same...and chances are we are both wrong. But if both get out around $50 and SPWR doubles....though it will be fustrating, I know that we will find some other good stocks. At the moment GTAT looks like easy money....and my get to $60 sooner than SPWR. I also have 5000 shares of ARTX....in before yesterdays run up...and 4000 shares of UQM. I think these lithium battery and other electric car component companies have a long way to run. Even after yesterdays surge ARTX has a PE of 37....with tremendous growth potential. That company, already profitable, is an easy double within a year.
I would say, if you waited this long...stay in until we at another $15 up or so.....and then consider diversifying more. As you know...anything can happen, and probably will when we least expect it. SPWR is acting like it wants to go to $27....but we have been lived through that before. And all of that does not keep it from shooting up when the time comes. Mergers, buyouts, an announcement of a huge new mega factory....there are simply too many factors for anyone to know. I have been a realist today....but Im still staying in. If SPWR goes up or down...Im gonna go with it.