beegdawg007

A Look at Four Polysilicon-Based PV Manufacturers' Funding

You fail to acknowledge a fundamental and basic bit of reality here... right now short term debt financing is a lot cheaper than is longer term financing, and, short term rates are continuing to fall. Until short term interest rates have clearly bottomed, there is little incentive for these companies to even seek longer term financing.

My bet is that these companies will all engage in significant secondary offerings once their stock prices rebound. And, since that is probably their plan, why would these companies engage in longer term financing now! A company like YGE could issue 12 million shares (a 10% increase in outstanding shares) with a stock price of $30, and the company would have virtually no debt at all.