Sol Invictus

Bargain of the Week: First Solar

Thanks for your reply. I agree with your comments.
Bonne fin d'après-midi.

Bargain of the Week: First Solar

Gregory -
Thanks for this article. Two comments:

1) One of your main assumption is that Chinese companies are producing at negative margins (you said "But we all know that Chinese solar companies won't be able to continue to leave on negative margin")

I would suggest that you take a look at the Q209 results of CSIQ released yesterday (GM 20%, net margin 15%) and wait for the release of YGE, TSL, SOLF and STP before sticking too heavily on this assumption.

Also, remember a few weeks ago, FSLR's CEO was flying to China for a site viste of Yingli's production plant...

2) You say "i think people should focus on cost per watt ". Cost per watt is a meaningless indicator. What counts is the LCOE (levelized cost of energy).

Regards.

As Solar Sector Flies, Pay Attention to Values

kelvin - you should check back the Q109 report. Renesola is not making profit. The company has negative gross margin in Q109 and therefore negative net result.

What to Do Now With Solar Energy Stocks

Thanks Dr.

Quick question, where do you get the numbers of share short? I would like to track it as well. Thanks

Goldman Turns Cautious on Solar Sector

I can not believe Goldman used this argument to cut its target prices ! THe "oversupply theory" has been discussed for months and the recent policies (US ITC + Spanish cap increase to 500 MW + German new tariffs) are strong arguments against this theory.

The fact is that they were embarassed with the huge differences between their target prices and the current ridiculous spot valuations.

These cowards used the fisrt arguments that sounded pessimistic enough to be credible in this bearish market in order to adjust their target prices closer to spot levels... What an intellectual dishonesty !!