fjm9898
Member
umm so SOL is issuing 500million shares???? - ReneSola Announces Results of Annual General Meeting - Yahoo! Finance
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umm so SOL is issuing 500million shares???? - ReneSola Announces Results of Annual General Meeting - Yahoo! Finance
Im buying
why would you? down today doesnt mean up tomorrow, especially when you see how targeted this solar are by the big edge funds... Heck SPWR last earning was great yet it tanked 14% the next day....
Because this uncertainty in the middle east is not passing. And like Tesla, I think Solar is a great buy then. Why its down I have no idea. I am buying LEAPS thou.
Same. Solar got slaughtered but i am not am willing to bet this is not the end of the down turn. I am going to wait a bit to buy. Not like i have much choice as i will be in the air from the time trading opens till the time it ends tomorrow. So i hope i am right on tomorrow being another down day.
Also to add in. We still have two more earnings reports in the next few days that could be negative and only drive solar further down.
and then SOL on friday. So i guess we have 3 more reports to endure.
We are up on recovery mode this morning, but i am still going to hold off and wait for everyone else to report before i make any moves since i dont think they are going to be boosters. But sleepy you probably have more info on these guys reporting so if you think we are looking good for their reports i might jump in here. I have a 2 hour layover to make my choice.
I really don't know anything at all about JASO. I am not a big fan of YGE, because even though it is the largest panel producer it has way too much debt on its balance sheet. I think that the company will give out good guidance though and am hoping for the market to treat this report favorably; afterall YGE has a ton of exposure to Europe just like TSL. I prefer TSL over YGE though because of smaller debt load.
As far as SOL goes, this is one of my favorite picks but so was/still is CSIQ and that stock has been hit hard since its earnings release. I like SOL because of its relatively low debt load, it just put its poly manufacturing plant back in service on July 1 after upgrading it (this helps especially with Chinese implemented tariffs on poly imports from US and South Korea), recently added to Tier 1 list, is now beginning operations in Japan, has a lot of exposure to Europe which is not as much a negative anymore after Chine-EU deal for minimum ASP's.
There are risks with SOL as well, such as its reliance on EU, lack of geographic diversification, and lack of reputation that a Trina Solar might have in the marketplace.
I really don't recommend buying these stocks to try to play earnings: SPWR had good earnings and the stock tanked, CSIQ had ok earnings and it tanked, FSLR had bad earnings and it tanked, TSL had ok earnings and it skyrocketed, JKS had really good earnings and it is flat. None of this makes any sense. I have a feeling that SOL will have good earnings, but this doesn't mean that the stock will go up. SOL has been on a good run lately and it is hard to know what will happen in the short run.
If you want to invest in these companies then you should buy and plan to hold for 2 years. Playing the earnings releases is straight up gambling.
edit: SOL was supposed to announce earnings two weeks ago, but they postponed it at the last minute. This doesn't make much sense to me, but it could be either a very bad thing, neutral, or possibly a good thing (least likely outcome). Hard to say why that did that. I would guess that they needed more time to crunch the numbers after spotting a discrepancy.