If they just sell all assets & projects, withdraw cash from banks, then shut the company down, each share should be around $19. So if traders/shorts put the price down to single digits, someone will buy out this company.
Unfortunately, it's not over. China has a very bad looking Monday now. Shanghai is down more than 8%.
Futures in U.S also look very ugly.
Canaccord Genuity: Maintained buy, pt lowered to $40 from $45.
Roth Capital: Maintained buy, pt lowered to $40 from $46.
And people are selling their shares under $22?????
The company is reporting a PROFIT of $0.31/share, NOT a LOSS of $0.31/share, people!
At $19/share, the mkt cap = the company's cash!!! And solar industry is getting bigger and bigger. Why did you people even sell your share at $22.20 AH???? I don't get it.
Roth Capital used to set a price target of $80, but recently they reduced to $35.
But till, $35 is 2x of what it is now and it is still falling everyday.
Damn! it is making a new 52-wk low. Also, all other Chinese solar stocks are tanking almost everyday.
Solar is real but somehow people don't support solar stocks.
July, 13---Sarus Solar, formed by CSIQ & two other Canada-based firms plans to spend $1.02bn for a 500-MW plant in India.