Stockaccumulator

Polysilicon-Based PV Manufacturers: Clarifying the Financial Issues

Zacks published this (see below article) 7 trading days ago about Renesola (SOL), when the price was bouncing around at about $20.

Zacks Rank in Industry 1 of 44... the best of all solars.

See Zacks' site. This in addition to Investors Business daily June ranking of SOL as the 4th best company (not just solars but the whole world, every company) to invest in... and in addition to Piper Jaffray's amazing careful on site research on SOL.

I'm sorry, but I trust all three combined, Zacks, IBD, and Piper Jaffray more than some little unclear internet article written by someone with possibly a (short) vested interest, who is an unknown unproven writer (even though I like Seeking Alpha).

Read this quote from Zacks 7 trade days ago:

"Through its history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities. Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate significant earnings growth. Buoyed by these positive factors and
impressive results, SOL increased its 2008 production
output and sales guidance. Accordingly, with a
bullish outlook and an attractive relative valuation, we initiate coverage of SOL with a BUY recommendation and a six-month target price of $24.25, representing 27.2% upside potential."

Note: today, at $13 SOL upside would be perhaps 40% ... Zacks published this above article 7 trading days ago when SOL price was much higher... other analysts still have targets of $40, some at $55 on SOL...

Time to run to your laptop place a big buy order on SOL ...

Polysilicon-Based PV Manufacturers: Clarifying the Financial Issues

Renesola (SOL) at $12 to $13, with a forward PE around 4 now, is an amazing buy ... all arguments in the above article, and comment posts, can go everywhich way. Nobody knows the answer to any of the issues. But no answer is needed on any issue, since Solar is here to stay, and will continue to grow exponentially. And all you need to know is that we can all do extremely well buying Renesola (SOL)monday morning. SOL actually supplies the other solar companies with their recycled solar products in a way that no company does. A unique product, method of manufacture, proven exponential profits... One thing for sure, SOL is a fantastic buy at this price, and I would not be surprised if it was at $20 again in one week. It moves sometimes 6 to 7 points in 2 to 3 days, and the news on SOL shows it is the most exponentially profit growing of all Solar related companies. SOL has an amazingly clean balance sheet, profit growth that shocked the market last quarter, and when they announce next, it will be at its all time high of $29 immediately. No bad or any news, just good, including recent rediculous price of oil, and that governments (worldwide/local) are jumping on the solar bandwagon. If Obama gets elected (good probability) look for the entire solar group to go through the roof, and SOL will lead the way, as it did last time its earnings announcement sent SOL up almost 300%. Even if McCain is elected, by next summer SOL will easily be worth $40 per share... Its PE has stayed amazingly low... even with its previous 300% increase in share price last time, the PE still remained around 8 forward to 09'. It has amazing contracts, very low cost manufacturing process and product, and big demand for its unique product. With last weeks entire market mess, all agree SOL was a case of throwing the baby out will the bathwater to be in cash feeling good for the July 4th weekend. In early June, IBD rated SOL as the 4th best company in the world to invest in. Piper Jaffray sent people to China/SOL, and practically audited the company, and came back with a statement of "must own" strong buy, and was satified SOL had a super clean balance sheet. Piper Jaffray does not put their name on just any company, and they love SOL. ALL other analysts still rate it as strong buy. Nobody says to sell SOL. So while many other Solars have high PE and no profit, SOL has proven exponential profit, and tiny PE. SOL is the only solar I would buy at this time, though some others look pretty nice at their prices too. Next year Solars will be a must investment for all, this year solars are only for the smart who can see the obvious future. All solar companies will constantly change/improve their product... the Chinese are the best able to adapt to the constant change, and keep costs low. SOL is the solar that sells to even the other solars... You will be glad you read this next year, if you buy SOL now... Stockaccumulator

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

We at Stockaccumulator researched today's negative Motley Solar articles carefully all day. (Strange: all three came out at the same time)... I am sure you all saw them.

The only thing we agree with: the other solars mentioned have a high PE. But SOL (Renesola) now has a foward PE of approx. 4 to 8 into 2009, and 9 to 14 current. Very low, compared to the others.

To include SOL (Renesola), with proven profit shown, exponential, every quarter, is strange... SOL is an excellent buy today, not a sell...

The articles cite nothing for evidence.

We here (and asians and europeans, who do not read Motley Fool, and could care less about Motley) will be buying SOL today. Hence it was up in London.

SOL was rated last month as the 4th best company in the world to invest in, and Zacks still has its highest rating on SOL, as do all analysts. Analysts would not put their good name on SOL as a strong buy, lightly.

SOL is a buyout candidate. SOL supplies to companies mentioned in the article as "potential competitors". The companies suggested as savy competitors, are potential customers of SOL, not competitors. I don't think the writers know what SOL does.

Or in the one article that cited SOL, the author did not mean to include SOL in all allegations, other than his strange one on "cash flow". These are short brief, murky articles that say little and prove and explain nothing.

Soon you will see articles touting SOL and solar again, and then you will see SOL go through the roof again. Nothing has changed at SOL, other than good change: the unbelievable higher price of oil/gas every day, and national and local governments worldwide jumping aboard the solar bandwagon.

All three articles are unclear, come out at the same time, and do make much sense. Investment houses that we are researching, say the articles are silly, especially with inclusion of SOL (a forward PE at as low as 6 currently) as an "expensive stock", when Solar growth is expected to be explosive in 09' (especially for SOL and its products).

There is no evidence of a money shortage at SOL whatsoever, per analysts who practically audited SOL, but rather there is a money abundance at SOL, and each quarter proves it more to be true.

Are they alleging that the accountants doing the various solar's books are lying to the government and securities authorities in China (and all international securities authorities)? I don't think so. In China, there is serious jail time for such. It is unclear what the articles are trying to do other than spook the shares lower in the US... perhaps to buy solar shares for less, or for their short positions.

Many of the other companies cited do have minimal profit and high PE's... but not SOL (Renesola) hence why all analysts that looked at SOL carefully, including those who went to China visited the company, love SOL. SOL's product is very low cost, cheap to produce. Method of production is inexpensive, unique, SOL's products are strongly in demand. All the things you look for in a company to invest in.

As for solar as an investment in asia, investors located in asia are used to seeing solar panels on street lights everywhere.

And shorting at $13 is unbelievably risky, and a sure way to lose money.

We are buying at this opportunity, not selling today, probably a lot of shares to leverage our average position downward... not out or fear, but to make a great deal of money on SOL by next year this time... We are certain that by summer 09' SOL share price will be well over $58 US.

Strangest of all, a month ago, Motley writers were touting SOL as a fantastic mid and long play, citing endless reasons SOL was a must own. Take a look at the old Motley articles...

SOL currently is not a high flyer at $13 with a forward PE near 6. Not a good idea to sell SOL at a loss today, or ever, no reason to.

Best to all, THE STOCKACCUMULATOR...