10Q Detective

Is There Value in Silicon Solar PV?

Excellent overview. But, let me repeat my mantra: When cost of capital begins to exceed expected IRR, the solar game is up!

industry.bnet.com/ener.../

My Best,

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

Solar: Spain Subsidy-Slashing Rumors Send Stocks Lower

All the solar companies will soon be in trouble. Constant need for new financing--and when cost of capital exceeds IRR, forget about 'em!
industry.bnet.com/ener.../

My Best,

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

Canadian Solar: Opportunity in Multiple Contraction from Dilution

In The Street over-reacting to --one of many solar plays--that constantly has to tap the equity markets to finance its growth [when cost of capital begins to exceed IRR expectations, watch out on the downside]

industry.bnet.com/ener.../

My Best,

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

Expect Continued Canadian Solar Financing This Year

Excellent review of CSIQ's financial position. I wonder, too, how long before CSIQ & its peers become the memory-chip players in the solar game, too.

industry.bnet.com/ener.../

My Best,

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

The 'Problem' With Solar Companies is Not Really a Problem

Raven: Sorry to cloud your sunny day, but SolarFun does have a credit problem. $143 million in ST-debt, backed by Founder Lu (who gets a 2% generation fee worth about $2,4 miilion per annum). Total cost of ST capital is more than 8.35% --which is high.

Transparency troubles: industry.bnet.com/ener.../

And, GCL supply contract has some undisclosed wrinkles:
industry.bnet.com/ener.../

My Best & Stay in touch!

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

Will Some Solar Companies Face a Cash Crunch?

Don't leave out the juicy parts, too! To wit:


1. Contrary to statements made by news hounds and industry watchers, the GCL contract will not help will help Solarfun meet expected shipments in the range of 160-180 megawatts for 2008. Look closely, for the contract is just a restatement of an existing — and unfulfilled — contract!

industry.bnet.com/ener.../

2. Founder Yonghua Lu is powering up only his own bank accounts--will all collective monies common from naive ADS shareholders.

industry.bnet.com/ener.../

My Best & Stay in touch!

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

A Look at Four Polysilicon-Based PV Manufacturers' Funding

BRAVO! Solid Research. Two other issues weighing on probability of SolarFun's LT survivability:


there is another squeeze going on here, an alleged scam i see developing between SolarFun founder Lu and GCL

To wit:

1. Contrary to statements made by news hounds and industry watchers, the GCL contract will not help will help Solarfun meet expected shipments in the range of 160-180 megawatts for 2008. Look closely, for the contract is just a restatement of an existing — and unfulfilled — contract!

industry.bnet.com/ener.../

2. Founder Yonghua Lu is powering up only his own bank accounts--will all collective monies common from naive ADS shareholders.

industry.bnet.com/ener.../

My Best & Stay in touch!

David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET

Another Solar Blow: Spain May Cut Its Incentive Program

Eric:

I am surprised Vishal Shah did not mention Sunpower (SPWR), which derived 52% of total sales from Spanish customers in the quarter ended March 31.

industry.bnet.com/ener.../

My Best-
David J Phillips, Publisher
10Q Detective