volume is now mainly coming from a couple of investors selling to each other. Solar with storage is becoming a standard ask in RFPs coming out of municipalities--EV charging stations tied to canopy based solar projects represents some very interesting revenue opportunities extending site battery capacity with the EVs parked on site.
Petra Solar was a joke. They did a solar deal with PSEG in NJ--the microinverter solar pv modules mounted on power poles throughout NJ. Conveniently the SRECs coming out of these systems were calculated by proxy system production--DESPITE these systems being located directly under power and phone lines--not to mention the poles themselves. The real production from these #$%$ Petra Solar "inventions" is minimal due to PV's inability to adapt to even very small amounts of shade. These bogus systems represent over 10% of NJ's SREC supply.
Leaving a joke like Petra makes total sense given the potential at IPWR. Petra's "invention" was putting an inverter on the back of a solar panel--however they were late to market and undercaptilized.
These transformerless inverters don't interconnect batteries and grid connected PV efficiently--IPWR's does. ~30 kW string inverters are becoming the norm for even very large projects--however, they don't integrate batteries cost effectively--JUST solar. IPWR does both in a smaller footprint and lighter components. Game over.
LG makes a lot of solar panels--with a lot of distributors--in a lot of countries. You do the math however you like but there is no way to accurately project revenue (other than "increasing")
the genie might be out of the bottle soon.
such an easy stock to" ride out"--so many more orders on the horizon.
I haven't bought directly yet--but I have been going through IPWR's "customers".
Rest of the market in decline????
yes, there will be a breakout--volume is so low that small institutional buyers can push the price around easily. I'm looking for high $6s again but might not break under $7. I won't be buying or selling--just watching since I'm already over exposed to this market (by choice).
[Second, the relators assert that the eligible basis of the project was $20 per watt11 of energy generation capacity, making it according to the relators the most expensive geothermal plant ever and at such an excessive cost should not be fully eligible for a Cash Grant. If Ormat, in fact, incurred $20 per watt in eligible expenses, it should be entitled to a Cash Grant based on those expenses. Just because a grant applicant is inefficient or unlucky is not grounds to deny it a grant based on the amounts it genuinely incurred for eligible expenses. Treasury has indicated that in sale-leasebacks and transactions involving related parties it will scrutinize whether the amount incurred by the grant applicant exceeded fair market value. However, the facts provided by the relators do not suggest such “peculiar circumstances” are at a play in this instance. ]
This should cost Ormat $800 MM in fines.
The conference call was as expected if you know this space and what the competition has to offer. There is more meat on the bone than IPWR is revealing.
a moron and his money do not often stay together for the Long term. As if $16 were a magic number. You are either a pumper or a moronic dreamer.
don't lift you head out of the sand with such questions!
nvax to the moon!!! lol
this is a boiler room message board
Never saw that one coming ;)
No real volume--only a couple of interested parties. I like that a lot.
This company is a DARPA award winner.
Oh yeah, I used to know the VC guy who ran DARPA.