Date AVG. PV Grade Poly Silicon
Polysilicon price continues to rise this week under solid demand. With overall high production utilizations in the solar supply chain, polysilicon companies continue pushing up their prices. In addition, polysilicon makers intend to push prices as much as possible to breakeven on cost.
You know things are good when questions from audience are “what can go wrong?”.
In other words….let’s see if we can find anything that can stop this growth scenario?
Sentiment: Strong Buy
It's really sad! They complain with hope SUNE will drop so they can get back in.
HUGE levered growth with no end in sight! Demand increasing and now SUNE is creating new market to sell finished solar farm into (Yieldco).
Non-recourse loans....paid off by Yieldco investors....generating huge energy profits to pay dividends while maintaining controlling interest....all generating maintenance contracts and product sales, then do it again.
HUGE LEVERED GROWTH....get it?
Sentiment: Strong Buy
Although downstream solar components face increasing price cut pressure, polysilicon price remains robust under solid demand with high utilization from solar companies. In addition, Chinese domestic polysilicon players have raised their prices to over 160RMB/kg. The Chinese polysilicon price uptrend also drives up overall polysilicon pricing.
Rising poly prices will help Sune sell polysilicon business.
Both PV and 2nd grade polysilicon price rise dramatically this week. Although downstream solar component pricing is facing increasing price cut pressure, solar companies still maintain high utilization under solid demand. As such, solar companies are forced to accept the polysilicon price increase. In addition, first tier polysilicon companies have not completely resumed production.
This should help SunEdison's sale of semiconductor division. Might even help with red ink.
Some vendors and traders expect polysilicon price to further increase after the lunar New Year holiday while quote price in China remains high, influencing 2nd grade polysilicon price level. With the coming lunar New Year holiday this week, actual polysilicon transaction is limited as many solar companies have sufficient inventory on hand while their production utilization lowers. Therefore, PV polysilicon price moderately increase while 2nd grade polysilicon increase in a bigger magnitude.
Both multi and mono wafer prices increase this week. Supply of high efficiency multi wafer remains tight in Taiwan pushing up their prices. The polysilicon price uptrend also force multi and mono wafer companies to upward adjust their prices in order to reflect the increasing procurement cost.
Booming wafer demand continues to drive polysilicon prices higher. At this rate, SunEdison should show a profit in Semiconductor Materials next qtr.
PV and 2nd grade polysilicon prices continued the price hike this week. Polysilicon suppliers are raising prices while spot trading become less active. The solar companies reluctantly accept the price increase in order to sustain high fab utilization under solid downstream demand. In addition, general expectation of further price increase also pushes up spot polysilicon prices. As such, polysilicon prices remain on the uptrend this week.
PV and 2nd grade polysilicon prices improve substantially this week. On one hand, polysilicon suppliers are strategically raising prices seeing solid downstream PV system deployment, although there is no obvious polysilicon shortage. On the other hand, many wafer companies stop trading polysilicon in the spot in expectation of further polysilicon price uptrend. Under tight wafer supply, wafer companies are accepting higher polysilicon prices to meet their increasing orders leading to the polysilicon price increase this week.
Overall wafer prices are increasing substantially this week as well. Shortage of high efficiency multi wafers is especially driving up its prices in Taiwan and China. In addition, solar companies in China and Taiwan are demanding more wafers in Jan to prepare inventory for the upcoming lunar New Year holiday in Feb when labor will be reduced. However, due to lack of headcounts and capital, many wafer companies are unable to immediately rerun its idled capacities to increase output. Besides limited supply and increasing demand, mono and multi wafer companies are also raising prices to reflect increasing procurement cost under the polysilicon price uptrend. As such, overall wafer prices experience increase this week.
Polysilicon prices increase dramatically this last week. Traders and solar companies who previously sell polysilicon in the spot turn less active in expectation of continued polysilicon price uptrend under the current context of good wafer demand. While with some wafer shortage, many wafer companies choose to stock up polysilicon for wafer production rather than trading polysilicon for cash inflow. Furthermore, many Chinese wafer companies are accepting higher polysilicon prices to produce wafers in order to meet its robust domestic PV deployment. Therefore, polysilicon enjoy great price increase this week.
Sentiment: Strong Buy
PV and 2nd grade polysilicon prices remain on the uptrend this week. The solid downstream demand continues supporting the polysilicon price uptrend. With wafer shortage, many non-Chinese wafer companies choose to stock up polysilicon inventory as producing wafers on its own may turn more profitable. Some traders also hold onto polysilicon inventory expecting further price increase. While Chinese polysilicon makers try pushing up their prices since their production costs are still higher than selling prices. As downstream demand remains solid, wafer companies are consuming polysilicon more rapidly and have no choice but to accept the increasing polysilicon prices. Therefore, polysilicon prices remain on the uptrend this week.
Sentiment: Strong Buy
citiccgirl....help me understand why a difference between your price approximation and the following;
"The notes will be convertible, subject to certain conditions, into cash, or, subject to certain shareholder approval requirements, shares of common stock of the Company, or a combination of cash and shares of common stock, at the Company's option. The initial conversion rate for the notes will be 68.3796 shares of common stock (subject to adjustment in certain circumstances) per $1,000 principal amount of the notes, which is equal to an initial conversion price of approximately $14.62 per share, representing a conversion premium of approximately 27.5% above the closing price of the Company's shares of common stock of $11.47 per share on December 12, 2013."