We will get hype, and PR, but will we get something new, that could be construed as good news? Clarification on the yieldco? Updated guidance? A big new sale? One can only hope.
Last time we were here the rally fizzled. Unusual volume spike in the last several minutes resulting in the second highest daily volume in the last two weeks. The market also went South in the last few minutes. Don't know if one has anything to do with the other. Lets see if we have any follow through on Tuesday.
Good luck lama. I will be watching but probably will not be buying. If I do it will be for peanuts. Just do not trust those Chicom companies
Unfortunately I became convinced that solar was the future for all kind of reasons that have been covered on this message board for a long time. I did plenty of research and determined the two best companies in the business were SPWR and FSLR. I bought both originally on what I thought was weakness back in 2009 but turned out to be no where near the bottom. I bought more when SPWR was around $4.5 and $5.5 and FSLR when it was at $23. SPWR was cheaper so I ended up owning more. Bought more in Dec 2013 at $33.00. Ended up selling all SPWR at $29.00. Did nothing for a few months but got back in post yieldco in March at $32.48. This price is not much different than my first purchase back in 1/22/2009.
The return in solar just has not measured up to the hype. When I first bought in 2009. Solar was in a few Western States and heavily subsidized in Europe. Now it is everywhere with subsidies disappearing but the PPS in both SPWR and FSLR haven't changed much. Have I caught a wave or two? Sure, but I have also wiped out. My net worth is not a whole lot different than it was in 2009. I would have been better of putting the money that I have agonized over in solar into an index fund. I would certainly been better off. I caught a few flyers in the 90's and 2000's that gave me a mid six figure net worth. I thought solar was going to put me over the top into a comfortable, worry free retirement. I was wrong.
Perhaps I should give up. Take my gains in FSLR and get back to even in SPWR and move on to something else. I have thought about some real estate in my area. I have made some hard money loans, I have looked at some other stocks, but they all seem to high.
For now I am still in, waiting for it to live at least partially up to the hype. SPWR $50.00 FSLR $100. A couple of years ago that seemed within reach. Now? I am not so sure.
I guess, the only question is when? SPWR continues to be pummeled by other companies misfortunes, while SPWR is hardly setting the world on fire itself, see last two earnings. Today YGE has a dead cat bounce and SPWR not to mention FSLR continues to stumble lower on pathetic volume. Some will die of old age waiting for these two to live up to their hype.
That's if you believe interest rates are going to rise significantly. Interest rates will stay at or near historic lows for the foreseeable future. As long as inflation is under control which by all accounts it is interest rates will only rise slightly.
I am over exposed thank you very much? Buying opportunity? I suppose but I feel you will have plenty of opportunity in the near future as sideways seems to be the word.
You have been around this sector long enough to know that when one company reports bad news it takes the whole sector down, and visa versa. As most people including investors who should, do not understand solar, this kind of reaction is to be expected.
Trouble is we have not had a whole lot of good news lately, except from CSIQ.
and predicting much the same for other Chinese solars. He may have been wrong on SPWR more than once but he has been spot on when it comes to Chinese solars. CSIQ (a hybrid) may be the only survivor.
No wonder I could not even get a nibble on my covered calls yesterday. The smart money, and the speculative money knows this is not going anywhere soon.
is getting so tiresome. We are getting our #$%$ kicked today because of YGE I guess? Some Chinese solar module maker is at deaths door and the whole sector gets creamed. The module business has been a scorpion for almost everyone who has tried. YGE is the latest headstone.
Miluzzi: I would be interested in hearing details on that purchase. If you don't mind me picking your brain.
Where do you live?
How big is your array?
How much did it set you back?
What kind of savings are you realizing?
Could you post a picture?
If you don't feel like answering me MB hit me on my yahoo email.
I will admit they did a good job of keeping the yieldco under their collective hats, but that news is out. Everybody is waiting on clarification, but nobody knows when it will come. However nobody wants to buy any $34.50 May 22 calls at .09 either. It seems like no one thinks anything is happening anytime soon.