In the share price data I get from my broker, at a $0.10 loss per share should support a share price of $5.50. Where we are now at $2.50. This share price would be equal to a $0.60 loss per share. At these levels there is a lot built in pessimism and as soon as it starts to look up, it will pop in a hurry. I would hate to be left holding a shorty bag.
The latest information shows HSOL short ratio declining to only 2.5. This is almost half what it was previously. This means that almost half of the shorts have covered their short position. If I was short, and with the third quarter closing with expected best earnings in over a year, I would be making a move. Q3 sales forecast is $231million with a 0.09 loss per share and Q4 sales forecast is $257.4 million with a 0.05 loss per share. I think HSOL will beat these forecasts. Q3 Earnings release date (unoffical) 11/25/2014.
They also booked a big sales deal in Mexico. 3rd quarter should be OK. Earnings release in December will push us above $3 IMO.
BTW, the one month gain since August 18th for HSOL is 18%. HSOL is still off the radar but once they take notice, it will fly to the moon. Waiting for a stellar Q3 earnings report!
Checks indicate that the recently announced DG policy in China has resulted in a strong pick-up in demand which has resulted in ~2c/W increase in module prices in the local market. Most industry participants are now confident of Chinese market achieving the 13GW annual installation target this year, which is a significant positive change compared to just a month ago where most industry participants were skeptical of China installing even 10GW this year.
We expect Chinese module prices to move higher from the current 56-57c/W range (some companies are suggesting prices have ticked up to 60c/W recently). Tier 1 Chinese solar companies are sold out and we expect this to result in volume upside during the 2H earnings season. While Q3 ASPs could decline by 1c/W or stay relatively flat (due to greater mix of lower priced Chinese shipments), we expect most companies to report upside to Q3 margins and guide to Q4 margins above consensus.
Despite weak macro data, the Chinese solar names have rallied quite a bit this month, thanks to Beijing’s favorable policy support. Month-to-date, ReneSola (SOL) jumped 23.8%, Trina Solar (TSL) advanced 15.5%, Jinko Solar (JKS) rose 12.9%, Yingli Green Energy (YGE) was up 8.6%. Canadian Solar (CSIQ), which has a large exposure to China, jumped 13.7%
If that was their plan, they would have done it already when the share price was much lower. Q-Cells is a private company so to combine them the easiest way would be to take HSOL private and then combine them. This would require them to buy your HSOL shares. I think they will keep them separate and target different geographical markets for each company. Also, it seems that Q-Cells is buying PV cells from HSOL (at a discount of course) for use in their modules. What advantage HSOL gains from this relationship, I don't know.
Yahoo Reports 4.2% Short but Market Edge reports 3.5%. It is definitely declining. I can't believe the shorts did not cover their position at the sub $2 share price only a couple of weeks ago. What a tremendous miscalculation for those still holding.
SHANGHAI, Sept. 9, 2014 /PRNewswire/ -- Hanwha SolarOne Co. Ltd. (the "Company", or "Hanwha SolarOne"), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it has signed its second supply agreement with Baotou Shansheng New Energy Co., Ltd. for delivery of 50 MW of Hanwha SolarOne's PV modules. Deliveries will begin in October and are scheduled for completion by the end of November. The modules will be used in ground-mounted projects in Hohhot and Baotou, Inner Mongolia. The Company had previously announced a similar 50 MW module supply agreement with Baotou New Energy on August 9, 2014.
Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne and head of Hanwha SolarOne's China business commented, "We are pleased to strengthen our relationship with Baotou New Energy in developing renewable energy sources in northern China. We have now signed 100 MW in module supply agreements with deliveries taking place between August and November this year, alone representing approximately a four-fold increase in volumes shipped to China during the first half of 2014.We anticipate further momentum in our China business as the Chinese government has formalized its 13 GW target for solar installations in 2014 and outlined last week some critical steps to support distributed generation. These measures should have a meaningful impact on market demand in China beginning no later than the fourth quarter and have a lasting effect on demand for years to come."
I also invest in weed and race horses. Here are some weed stocks for your consideration. Just like renewable energy, you can feel the tide of public opinion turning. You don't need to light up to enjoy. LATF is in the edible MJ candy bar business.
I made about 600% on MJNA but it is topped out now. Five more states are set to legalize in November. If you are having a bad day, just get high, and forget about everything! Take it easy Bros.
It seems this company will always find a way to #$%$. Not much has changed.
It sounds like they want to charge you a fee for either buying, selling or holding these shares. Last May I got hit with $2.5K for holding my 125K shares. It really #$%$ me off and I had to sell 1000 shares to cover it.
with the United States Securities and Exchange Commission. See on their website.
Please don't trade your shares based on "bad feelings". Here is a simple formula to follow. BUY when the share price breaks over the 50 day moving average. SELL when the share price falls below the 50 day moving average. Since HSOL just broke over the 50 day moving average, it is time to BUY.