September 11, 2013 Sol raised 70 million through Roth Capital as sole placement. They have 35% warrants and a strike price of 6.04 ads. They downgraded SOL for too much "headwind" with a target of 2.75 after raising target to $5.00 in March 2014. How much do they make from shorting the stock? I believe this is the reason SOL is not moving ahead and the "naked Shorting" would be their shorting against their placement. Sixty five million dollars worth of bullets can hold this stock down until they are ready. Comments please.
After reading the recent article on Jaso and Sol. One of the posters commented that the bond holders were shorting against the price they bought into the stock. I wonder if that is not what is happening to sol. The last offering was bought at I believe 3.66 to convert to common shares. This maybe the stall factor on SoL. Welcome your comments??
How comfortable are you reporting to the SEC? I would also cc: the White House, web address and your congressman . You are more likely to get accountability if you include your congressman and the white house.
Thanks I was hoping $8 would be the target this year. FYI sent a complaint to yahoo for the harassment on this board from the person relentlessly taunting you and posting dribble.
When you compare JKS with SOL, JKS has 1.27B in revenue and total debt of 963.25 mil and earnings of 237.43 million. Sol has revenue of 1.65 B in revenue total debt of 835.47 mil and earnings of 103.26 m. What are those "intensive capital expenses" that are driving down earnings and margins?? I realize the poly plant has been an albatross historically but now should be an asset going forward until 8 and 10 dollar poly comes on line in the future.
Last year 1.98 in JUly and 5.69 in September you are being conservative with improved profit and margins I think this should be their year for total recovery very north of $5.
Sol also has large appearance in Japan. Concerns:
1) they are down to last $50 million in cash.
2) TsL just did an offering. I hope SOL is not headed in that direction.
3) When will they start to show profit. There is a lot of expense with warehouses etc. to maintain using this strategy.
4) Why are they distancing themselves from the Chinese market?
It is on Sol's site go back and check again. Interesting Sol was killed when they stated they would do small projects with large margins and the oem strategy is in place. Now with what is happening tariff's, cost of doing business for large projects, other solars are starting to avoid large projects. While Sol's comments are unpopular they seem to have a sense of what is really happening in the market and act before others. I believe they will be rise to number 3 status before the year is out.
The next threat with be the overproduction of poly again 2015.
I am hoping for price target of $8 but I think you are close to accurate. What is up with your psycho bud die.
Tried to respond to you messages would not post. Contact SEC report abusive naked short selling
My confidence in management comes from their survival as a manufacturer and move to tier I status and their accurate assessment of the market. They moved from no 13 to 6th in 2013.
Down stream producers recovered first ie. Jks csiq . Next should be up stream manufacturer s like sol.
I think the lower volume is misleading when they are using their products for projects and modules the volume of retail sells is less but more is being sold in projects with higher margins.
Axiom has made a lot of money shorting Chinese Solar stocks. He is like the mouse in Who Moved my Cheese, going back to the same hole expecting the same thing to happen as was 2011-2012, It will take a great second quarter and some money loss to stop the bad PR. Currently Axiom's target is TSL as a short.
It jumped after earnings and now they are trying to avoid losing money.
Previously, the CEO of SOL has been the bellwether for what is happening in China and Axiom have used them to reinforce their position. Many years ago the CEO of Sol was criticized for saying that the market is overproducing and the prices will fall when solar was up. His prediction have come true but were not popular.
I am hoping he is right this time about installing small projects, but not being recognized as such by the market. On the call he mentioned %20 margins in Australia. If they can increase margins the stock should finally pay off. Polysilicon has been the albatross for them.
Somebody has made a lot of money shorting, this now has over 6 million shorts. Unless earnings are blow out with the down trend it will get hammered. I still believe in the company and will hold but the lack of movement tells me the bears are in charge. I know eventually it will move up and I will hold as long as it takes.