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Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (9461)	12/1/2010 9:24:46 AM
From: Eric	Respond to of 16955

Jacob 2011 guidance: total manufacturing costs will fall below $1.00 per Watt... 50$/kg average poly costs we are already fully committed for Q1...2011 could well prove to be another year of tight supply... Manufacturing costs below $1.00 per watt... really impressive! That gets us to grid parity faster than I thought would happen even with BOS costs. Sales worldwide should continue to accelerate and solar PV will become much more compelling. The silicon boys will be happy as demand begins to explode. I'm becoming less and less worried about FITS, especially in sunny, high cost electricity areas.

To: Jacob Snyder who wrote (9461)	12/1/2010 12:03:07 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 16955

Bought TSL at $23, my first purchase of a Chinese solar. I am impressed by their 3Q numbers. I was also impressed by their confidence for 2011. They think a lot of the capacity in the industry is high-cost and/or unbankable. They are now profitable enough, capacity expansion after 2011 can be internally financed, not requiring the share/debt bloat seen in the past (but this must be watched closely). The general plan remains: buy solars that meet my Investing Rules, in increments, when TAN is below $8, and sell in increments above $8. In previous rallies, I've sold everything. However, I expect to stop doing that gradually in 2011, to accumulate a LT position. Obviously, it would have been better to buy TSL in early 2009. At the time, I didn't consider the industry mature enough to invest in. I'll probably buy more TSL at $19 and $15; still have orders to buy more FSLR at $115 and $105.

To: Jacob Snyder who wrote (9461)	12/3/2010 12:24:24 AM
From: Sam	Read Replies (1) \| Respond to of 16955

10:02 am Suntech Power upgraded to Buy at Auriga U.S.A; tgt raised to $11: . Auriga U.S.A upgrades STP to Buy from Hold and raises their tgt to $11 from $9 ahead of the Dec 6 Analyst Day and after the Glory Silicon acquisition announcement, they adjust their model only for the expected margin increase from in-house wafering -- and find potential to reach ~22% gross margin in 2011 vs. 4Q guidance of 17% and 2011 Consensus of ~18%. Firm says gross margin of ~20% is also the norm around which STP operated in years past. They model 25% internal wafering capabilities in 2011 to discount recent missteps in execution.