WOW. more margin selling tomorrow.
Very logical....Oil getting so cheap now people don't need alternative energy.
* Japan is about to cancel the tax benefits and stimulus for solar or at lease decrease it.
* All the solars reporting earnings have predicted LOWER net income and margin for next quarter.
* ALL are increasing the volume of solar cell manufacturing (similar to iron ore, coal overproduction) and this will flood the market and decrease the cost and decrease margins.
* China is the largest solar market but all indications is China is in a dramatic slow down of their economy.
Not good that it bumped up just a little from $2.61. That means it will open up below $2.61 tomorrow.
Who is selling all these shares?
This isn't a good signal at all. FUNDS are trying to exit. The little guys are going to get killed.
It may break $2.50 by close. I see this at $21-22 range in a month. No motivation to buy now.
smart cutting his losses. He can re-purchase at $22 range in a couple of weeks after TSL, SOL, and JASO have disaster earnings and future estimates down.
That's right, SALES FELL -12% last quarter.
Second Quarter 2014 Highlights:
Announced an additional $10 million financing from RBL Capital. This new financing will allow the Company to accelerate its growth initiatives.
As a result of new financing, Cayman Invest converted its debt to equity.
Appointed Drew Freeman, electronic payments industry veteran to its Board of Directors.
Appointed Bill Healy, electronic payments industry leader to its Board of Directors in July 2014.
As part of its value-added offering, the Company launched an analytical toolbox product offering to its merchants.
Second Quarter 2014 Financial Highlights:
Net income of $1.3 million or $0.04 per share, compared with a net loss of ($20.2 million) or $(0.72) per share in the comparative second quarter.
Revenues were $4.9 million a 12% decrease from $5.6 million in the second quarter of 2013. The decrease in revenues is primarily due to restructuring of operations in Russia.
Liabilities were $22.8 million, a 40% decrease from $37.9 million at December 31, 2013.
Working capital increased $8.3 million from ($8.0) million at December 31, 2013 to $0.3 million at June 30, 2014 primarily resulting from restructuring our indebtedness.
"We are pleased with our results as we continue to execute our strategy of driving revenue towards profitability and further reduction of debt," commented Oleg Firer, Chief Executive Officer of Net Element. "We remain committed to building the underlying business as well as finding strategic opportunities to accelerate growth and increase shareholder value."
Looks like a massive shortfall in business with Russia because of all the European Union sanctions that less business was transacted as Russia goes into a recession.
Where do you see earnings report due tomorrow? As they do not mention anywhere at all, even on their website. Are you guessing since last earnings showed up on August 14?
CSIQ keeps trying to get above $26? Is this options related?
The only gain is they collected money from almost doubling the shares. But, no additional revenues or income and they will have to write-down for stock options; they gave some 1.14 million to the new CEO for conducting these two new promisorry notes to shares that wiped everyone out and fooled with pump and dump.
It's going to be bad.
Too many margined.
I think this sinks to $23 level in a week or two as OIL will keep falling and TSL and JASO and SOL will have bad earnings with decreased margins and poor forward looking numbers as Japan cuts back on subsidies and the Chinese undercut each other in pricing to get the business. China is DRASTICALLY slowing down.
Trina Solar is down -6%
and JA Solar is down -5%
Both large Chinese solar wafer manufacturers that keep reducing their price to catch market share. Depressing everyone....
Wait and see.
Nah, they know their are idiots how are addicted to gambling and playing on margin. They know that.
You do know analysts don't really know anything and that is why they are analysts. If they could actually predict, they would be portfolio managers making $20 million a year rather than kids 5 years out of school making $500,000 by conning you to buy the stock of companies they represent for investment banking business.
You know it is a con pump and dump don't you?
Well, since SunPower is a dominant player in the U.S. solar business, it is affecting everyone.
SunPower 2015 Guidance Puts Solar Stocks in the Shade
By Jon C. Ogg November 13, 2014 9:50 am EST
SunPower Corp. (NASDAQ: SPWR) has some painful news regarding its 2015 guidance ahead of its 2014 analyst day. The guidance also hurt SunPower considerably, and it has spilled over into other key solar stocks as well. This news comes just three days after it announced the acquisition of SolarBridge Technologies for its high-performance microinverter technology.
For SunPower’s fiscal year 2015, the company is forecasting non-GAAP revenue of $2.4 billion to $2.6 billion and net income of $1.10 to $1.50 per diluted share. Thomson Reuters has estimates of $2.8 billion in revenue and $1.69 in earnings per share. Other key guidance metrics for 2015 were as follows: