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

To: blind-geezer who wrote (9668)	1/5/2011 2:21:28 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 16955

No, that really doesn't provide any new information. Here are samples of my many posts on solar companies: TSL 3Q2010 results: rev 508M$; 420M expected EPS GAAP $1.08; 0.87 expected; 4 straight quarters of beating expectations gross margin 31% 0.73$/W non-silicon manufacturing cost (applicable to its in-house wafer production to module production) 1.08$/W total manufacturing cost (= 0.73NS + 0.35 silicon cost) 777M$ cash unrestricted + eq. 669M$ debt (ST + LT + convertibles) Message 26995415 YGE 3FQ10 results: ir.yinglisolar.com 33% gross margin (compared to FSLR's 40%, TSL's 32% and STP's 16% for latest reported quarter) 491M$ rev. 0.44$ EPS GAAP 13.8M$ interest expense 517M$ total cash, about 1B$ in debt (unrestricted cash is unknown, since they don't separate restricted and unrestricted cash) (short-term debt is the largest of the various categories of debt) PE = 11.10/(0.44 X 4) = 6.3 (I am annualizing this quarter's earnings, an optimistic assumption)) "As of today, we have entered into sales contracts under which a total of 721 MW of PV modules are expected to be delivered in 2011, and this figure is expected to increase to 1,000 MW by the end of this year. "... ...increase our nameplate capacity to 1.7 GW in late 2011... ...Our PANDA cell conversion efficiency has achieved 18.5% on the commercial production lines and we expect to increase the figure to 20% towards 2012. Currently, we have achieved a new record cell efficiency of 19.5% on PANDA trial production lines... Message 26973688 Go to the latest yearly and quarterly statements, and tell me these numbers for SOL. Make sure you are clear about important things like whether the EPS numbers are GAAP or not, and whether their claimed cash total includes a lot of restricted cash. Then do the same with the other wafer producers. Then compare their numbers. Post this, with your conclusions. Then we can have a discussion about the relative merits of wafer vs. cell producers.