bigswing

Solar Competition Heats Up

SOL is signing LOI (letter of intent) with Wuzhong City for the 500MW back in July, not Yancheng City, please don't spread lies.

Trying to Make Sense of Cramer's Advice

Cramer is a JOKE... this guy apparently shorted LDK and try to downgrade LDK so as to cover his ass...

Never listen to this stupid guy... period!!!!

Sustainable Energy After the Correction

solar stocks UP 20% on average today alone...

that is only the begining... it will up another 50% from current price in a month... wait and see

Sustainable Energy After the Correction

Solar stocks are at deep discount now and will prove to be the best buy at current price...

Solar sector is on a path to grow from 3.9GW of cell/module production in 2007, to more than 7GW in 2008, 14.7GW in 2009 and at least 52GW by 2012. This equates to a 68% CAGR, with significant upside potential for both silicon and thin film production. Although it is expecting a 7% compound annual price decline, the solar sector revenue is poised to expand from $27bn in 2007 to $274bn by 2012. The operating margins to remain above 30% through 2012.

Anyone who buy solar stocks now will be hugely rewarded in a few years.

A Look at Four Polysilicon-Based PV Manufacturers' Funding

Solar stocks rise more than 30% on average since this article published. I listed the price on July 8 and predicting it will rise in 2 months, now see the result:

Price on 7/8/08 Price on 8/25/08
LDK $29.72 $50.95
YGE $13.57 $18.39
STP $32.02 $47.26
JASO $13.75 $18.43
TSL $26.40 $34.92
SOL $12.02 $19.70
CSUN $6.68 $12.31
SOLF $12.70 $20.60
CSIQ $29.55 $33.24
FSLR $234.00 $277.00
SPWR $59.58 $96.98

This proves how wrong and how stupid this author.

Shanghai's Own Stock Market Rules

Biased article. The Shanghai market is not driven by "mandarines in Beijing" as you stated. But, as in many other markets in the world, primarily by ordinary investors sentiment. If Shanghai market had rose from 1200 in 10/2005 to 2400 today, it could have been a very sound ride.(healthy gain of 100% in less than 3 years). Unfortunately, the market went through a mania stage in 2007 despite repeated professional as well as government warnings of "market bubble". Millions of naive buyers got excited and push market way too high (to 6000 in 10/07 and up 400% in 2 years). It was normal to see the frenzy was subsided and market dropped 60% since then.

The current Shanghai market shares are reasonably priced. Whether the market is bottomed or not and when it will start to move up again, that is totally depends on investors sentiment (Remember there are lots of cash among Chinese investors due to extremly high savings rate of 30% of their earnings). If they loss their confidence, the market will not be UP no matter how cheap they are or whatever govt policies trying to push it up. If ordinary investors gain confidence, the market will come back any time.

China Biotech in Review: Company Profiles and Drug Advancement

SCR, WX, CMED，are better plays than small biotechs...

Agria Corp. Offers 'Bogeyman Trade' Opportunity

GRO dropped from 7 to 4 since this article published...

China and India's Growth Just Currency Related Illusions?

One ramification could possibly be the unwinding of the secular growth stories of the emerging countries and a return to economic supremacy of the developed countries...

yes, it could... feel better at least...

LDK Solar: Forecasting Sunny Skies in Q2 Earnings

Michael: you misread the original Chinese article. The 3.8billion CNY rev refers to the solar sector in Xinyu City, not LDK only. There are a couple of small solar companies with combined $20-40m rev. So LDK's Q2 rev should be around $280-$300. Your caculated (from tax payment) LDK Q2 net income of $62.8m is also questionable. More accurate caculation should be around $56m-$59m.

By the way, many posters ask Michael to post #s for other Chinese solar companies... he can't. The reason is that LDK is an exception. Up-to-date and reliable information for most other Chinese solar cos are not readily available. It takes a lot of hard work and extensive search (Chinese media, internet blogs, forums, QQs, etc) ...

A Look at Four Polysilicon-Based PV Manufacturers' Funding

Anyway, all solar stocks (including the 4 you mentioned) will bounce back from their recent low and will see 30%-60% gain in stock price in 2 months (depends on market condition)... wait and see

LDK $29.72
YGE $13.57
STP $32.02
JASO $13.75
TSL $26.40
SOL $12.02
CSUN $6.68
SOLF $12.70
CSIQ $29.55
FSLR $234.00
SPWR $59.58
WFR $53.59

A Look at Four Polysilicon-Based PV Manufacturers' Funding

The fact is none of the 4 companies need borrowed money to support their currently operations which are profitable despite high silicon costs... Their debts are used to expand their production capacity due to worldwide growing demand...

Another fact is that polysilicon is dropping now from the peak price $450-$500/kg earlier this year and more drop is expected later this year... There are several authorative forcasts now predicting that polysilicon price will drop well under $200/kg in 2 to 3 years...

A Look at Four Polysilicon-Based PV Manufacturers' Funding

First, all the 4 companies are high growth companies (see their quarterly and anual revenue and net earning growth)... for a high-growth company in a high growth industry, carrying some debts (either long-term or short-term) are very normal. They need to spend borrowed money in expanding their capaticy. Therefore some cap-ex are very normal so long as these debts are within managable level.

Second, these comapnies are making money, not as you said "lossing money"... Solar companies that are losing money now are ENER, ESLR, AKNS, ASTI, HOKU, DSTI... which are not included in your discussion...

Holiday Cheer from LDK Solar

Hopefully you will not get out of LDK too early this time... LDK is a real fast growth company... Once it is 15000mt polysilicon project finished in 2009, it will be one of the top 3 solar companies in the world and the largest in China...

Trying (and Failing) To Profit Off of the Chinese Market Decline

Chinese manufactures will improve their products by producing high quality and more safe manufactured good for people in the world. Americans "really have nothing to worry about". Just go to K-Mart, Wal-Mart, Best Buy, Circuit City, or whatever big stores, and check the lable and see any popular products that are not "made in China"...