CSUN is specializing on rooftop solar panels and the new China policy is extremely good news for CSUN
China switches solar PV focus from utility-scale to rooftop market
By Giles Parkinson on 10 December 2013
China is looking to switch the emphasis of its booming domestic solar market towards the “distributed” market – essentially rooftop and small, local, plants – rather than large, utility-scale solar farms.
China – for several years the largest exporter of solar modules – is widely expected to emerge as the world’s largest consumer of solar modules in 2014. The official target stands at 12GW, although some private forecasters such as Deutsche Bank think this could rise as high as 15GW.
CSUN has the lowest P/S & P/B in the solar section . With only a tiny market cap of $80M , Credit Suisse (CS) will run it again soon. Remember that CS holds 13% of CSUN stocks as of 9/30/13.
CS has strong interest to run CSUN up also because CS is also investment banker of CSUN and wants to sell shares above $10 to raise money for CSUN. You cant raise money with tiny market cap of $80M. You need to take it up above market cap of $200M to allow dilution