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1
everything
2013 Mar 13, 11:01am
everything
2013 Mar 13, 11:01am
Solar is in opportunity, if and when it pars up with fossil fuels then this is the ground floor. What happened with Suntech, I'm thinking they were dumping product which is common for China. Where, here in the U.S. I figure the CEO's would run away with the money like they usually do.
I've always wanted to learn more about investing in solar companies because of their boom & bust nature, but you would think they would watch the balance sheet a little more closely as it's just manufacturing.
2
EBGuy
2013 Mar 14, 6:40am
Yikes, I've got Suntech's on my roof -- hope none of them fail. Looks like they are closing down the Arizona plant.
So China's biggest solar manuafacturer is about to go bankrupt.
Suntech Power Holdings has $541M of bonds due, and the Chinese Government is not going to step in a provide help.
So STP goes into involuntary bankruptcy, and will not produce excess capacity in the already overcrowded market.
That means that all the other solar manufacturers will gain from STPs demise.
Therefore checkout: LDK @1.39 HSOL @1.13 YGE@2.29 CSUN@ 1.61
These chinese solar manufacturers will take up the excess capacity, with a share price that reflects this.
Just my 2cents...
#energy