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Nice SOEN Chart. Reversal?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82661178
See that.
SOEN chart looks good. Still remain bullish on ENSL
More .01s continue to go.
Why is size not being eaten on ask @ .01 with buys there?
SELLING BACK TO THE MM @ .0058 is classic..depending on how the story ends
JMO
.0058 BID - this hit would end up retesting the breakout point here.
was .003 x .0058 before the surge over .01
Will see if MM keeps the .0058 - 006 level as support
Time & Sales
Price Size Exch Time
$0.0080 2,000 OTO 15:50:47
$0.0080 1,000 OTO 15:43:58
$0.0080 1,500 OTO 15:06:42
$0.0071 4,900 OTO 12:47:14
$0.0109 1,000 OTO 11:40:20
$0.0110 10,000 OTO 09:32:43
$0.0120 12,500 OTO 12/12
$0.0110 7,500 OTO 12/12
$0.0071 750 OTO 12/12
$0.0110 10,000 OTO 12/12
$0.0070 7,500 OTO 12/12
$0.0070 57,500 OTO 12/12
$0.0070 10,000 OTO 12/12
$0.0070 10,000 OTO 12/12
$0.0110 3,000 OTO 12/12
$0.0110 2,500 OTO 12/12
$0.0120 10,000 OTO 12/12
$0.0120 100,000 OTO 12/12
$0.0110 50,000 OTO 12/12
$0.0110 5,000 OTO 12/12
$0.0100 10,000 OTO 12/12
$0.0100 1,900 OTO 12/12
$0.0060 190,000 OTO 12/12
$0.0070 10,000 OTO 12/12
$0.0100 115,000 OTO 12/12
$0.0100 50,000 OTO 12/12
$0.0120 50,000 OTO 12/12
$0.0110 48,000 OTO 12/12
$0.0120 75,000 OTO 12/12
$0.0100 100 OTO 12/12
SOEN website: http://www.solare-power.com/en/index/
Solar EnerTech's CEO, Leo Shi Young, explained, "As the Company's liquidity and financial position continues to be more and more challenging and certain outstanding obligations become due, we have retained FTI Consulting to help us assess our situation and develop a plan for maximizing the return to our stakeholders. Our Chief Restructuring Officer will enable us to focus efforts on pursuing the strategic options available to us while management can continue its focus on Company operations. In addition, we have carefully evaluated the advantages and disadvantages to the Company of continuing registration with the SEC, and in light of the costs and administrative burdens associated with being a public company, our board has determined that deregistering will result in significant cost reductions necessary given the Company's liquidity and financial position."
Looks like they are trying to get something started here.
Looking for pullback around .005 - .008
700k+ @ bid .006 !
Anymore sellers @ .0018?
Im looking at a few solar issues. SOEN is one of them
Chinese solar stocks climbed in New York after Yingli Green Energy Holding Co. (YGE) said it expects panel sales to surge this year on the back of rising domestic demand
Anyone have any idea what if any part will SOEN play in this sales surge..............???????
Trina Leads Solar Jump on Yingli Outlook: China Overnight
Chinese solar stocks climbed in New York after Yingli Green Energy Holding Co. (YGE) said it expects panel sales to surge this year on the back of rising domestic demand.
Trina Solar Ltd. (TSL), China’s third-largest maker of solar panels, drove gains in the Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese shares in the U.S., which added 0.1 percent to 91.53 by 12:56 p.m. in New York, after falling in the previous two days. Yingli, whose chief executive officer said will become the world’s biggest panel supplier in 2012, gained the most in eight weeks. Youku Tudou Inc. (YOKU) sank to the lowest since Sept. 6 as analysts predict the online video company will post an eighth quarterly loss in results due today.
Chinese solar companies have reported losses since the second quarter of 2011 as the industry was plagued by overcapacity and as Europe’s debt crisis prompted governments to trim solar energy manufacturers. Yingli said yesterday on Nov. 27 that it will provide modules to a solar project in southern California under its biggest supply contract, before third- quarter results showed losses were worse what analysts had forecast while revenue beat projections.
“Trina and Yingli appear to be the biggest survivors because they have the lowest costs than some other brands in the industry,” Aaron Chew, a senior analyst at Maxim Group LLC in New York, said by phone yesterday. “These two still have several hundred-million dollars of cash, and even though they are burning a lot of capital, they have years before they have to face the music.”
The iShares FTSE China 25 Index Fund, the biggest Chinese exchange-traded fund in the U.S., retreated for a third day, dropping 0.4 percent to $36.72. The Standard & Poor’s 500 Index increased 0.4 percent to 1,403.92 after comments by Speaker of the House John Boehner and President Barack Obama fueled optimism an agreement can be reached in budget talks.
China’s Shanghai Composite (SHCOMP) index of domestic shares slipped 0.9 percent to 1,973.52, the lowest level since Jan. 16, 2009, while Hong Kong’s Hang Seng China Enterprises Index (HSCEI) fell 1.2 percent to 10,399.16 in the steepest decline since Nov. 15.
Yingli Green Energy Holding Co. (YGE), China’s third-biggest module maker, said unit Yingli Green Energy Americas will provide 200 megawatts of solar modules under its biggest supply contract to southern California.
The modules will be used for LS Power Group’s Centinela solar energy facility, scheduled for commercial operation in mid-2014, Yingli said today in a statement. LS Power is a developer of power generation and transmission projects.
Fluor Corp. (FLR) will provide engineering, procurement and construction services for the solar farm, with power generated from the project to be purchased by San Diego Gas and Electric through 20-year electricity purchase agreements.
Baoding-based Yingli said it has capacity to make 2,450 megawatts of solar modules annually.
At the end of 2011 there were approximately 100,000 installations and 1GW of solar PV in California (1). The state has dual goals of one million solar roofs by 2018 and 12 GW of distributed generation by 2020. Can California cities scale their clean energy infrastructure by an order of magnitude over the next six to eight years while attracting investments and generating local jobs?
The math says yes and the answer to the future of clean distributed energy in California may be found in Sonoma County.
Sonoma County and the Future of Energy
Here’s the math: the city of Sonoma had 507 solar watts per resident and 4.5 solar installation per 100 residents at the end of 2011, according to Environment California’s “California Solar
Five Reasons Why California Cities Will Build One Million Solar Roofs and 12 Distributed GW by 2020
California Cities Have dual goals of building One Million Solar Roofs and 12 Distributed GW by 2020
Cities 2012”. (1) This does not sound like much. However, if you extrapolate these numbers
to California’s 38 million residents, the state would have 19 GW and 1.7 million installations of solar. This would mean that the Golden State would surpass its 2020 distributed generation goal by 45% and the number of solar installations by 70%.
Sonoma achieved these numbers in less than three years, in the midst of a national financial crisis, and despite opposition from Federal Housing Finance Agency.
Is it a stretch to think that California cities and counties can achieve over the next eight years under friendlier economic conditions and ever-decreasing solar costs what Sonoma has done in less than three years?
What is the Sonoma County Energy Independence Program?
The centerpiece of Sonoma’s clean energy program is the Sonoma County Energy Independence Program. SCEIP is a PACE (Property Assessed Clean Energy) program established March 2009 with the goal of “improving performance in 80% of Sonoma County homes and commercial spaces to highest cost-effective efficiency levels.”
PACE is a local municipality finance program that enables municipal governments to tap private capital markets to finance energy efficiency and clean energy projects for homes and commercial properties through an assessment on their property taxes.
Sonoma County’s PACE program for instance has the following characteristics:
The financing takes the form of an assessment, not a loan. Unlike a loan, an assessment is attached to the property rather than the individual.
The assessment takes the form of a lien, so the payback responsibility automatically transfers to subsequent owners if the property is sold before the assessment is fully paid off.
Financing must be 10 or 20 years and is paid through an assessment on the owner’s annual property taxes.
Improvements must be permanently fixed to the property.
Project size must be less than 10 percent of the value of the property.
PACE financing was originally designed to get around the fact that energy efficiency and clean energy investments have longer-term payoffs while the capital costs generally need to be borne up front.(2) The concept of PACE was created in 2005 in California and soon spread to 23 states around the nation.(3)
Sonoma and Boulder County’s success in attracting investments, creating jobs, and building a clean energy economy has spurred other municipalities around the country to adopt PACE programs. Miami-Dade County, FL, for instance, has announced a $550 million commercial PACE program led by Ygrene Energy, a Santa Rosa (Sonoma County)-based financial services company.(7) Ygrene is also targeting a $100 million PACE fund for Sacramento, CA.
These two PACE programs together will generate 17,000 jobs and $2.3 billion in economic activity, while using private capital only, according to the PACE Commercial Consortium.(8)
If the whole US achieved Sonoma’s 507 solar watts per resident and 4.5 solar installation per 100 residents by 2020 we would have 159 GW of solar and 14 million solar installations. This wattage would be six times larger than what Germany, the world’s solar market leader, has achieved so far and it would represent about 15% of America’s peak power needs. Sonoma did its part in just three years.
I asked Sonoma County Energy Indepence Program’s Diane Lesko what were the most important ingredient in building it into a winning program. “Political will,” she said without missing a beat. “You need leadership coming together to achieve our common goals.”
Sources:
(1) “California Solar Cities 2012”, Environment California Research & Policy Center , January 24, 2012 http://www.environmentcalifornia.org/reports/cae/californias-solar-cities-2012.
(2) PACE Financing, Wikipedia, the Free Encyclopedia, http://en.wikipedia.org/wiki/PACE_Financing
(3) “What is PACE?”, http://pacenow.org/blog/about-pace/
(4) “Economic Impacts from the Boulder County, Colorado, ClimateSmart Loan Program: Using Property-Assessed Clean Energy (PACE) Financing”, National Renewable Energy Labs, July 2011.
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With the Chinese dumping cheap solar panels in the US is it safe to say that this company is dead in the water..or should I say wafer..??
So, they actually have a pulse???
I attribute it all to poor marketing. In my area they are installing large solar panels on office roof tops. Also, TV ads about installing fiber optic light tubes on home and office roofs and piping the light into rooms. There are applications for SOEN's products. They just need a salesman.
Who knows. I bailed months ago, tail between my legs, and a few shekels poorer.
What is the company doing? Are they even in business and selling any of their products? Is there any fore-seeable comeback?
Simple as Sunshine. SOEN has been a real POS. They just can't get it all together. Let's see; Sun-Electricity-Marketing. Hmmm, where did they miss it?
The CEO's ought to have their butt holes kicked. Shame on them - Shame on them for being so inept!
The Sun shines outside of China people - get it together !!!!!
This company has been very dissapointing - Doesn't appear they can get it together. I wonder how the other solar companies are doing or is it just SOEN that's gone south. I'll stay with the oil, coal, and gas stocks. Even in a slump, they do better than what I've seen with the alternative energy stocks - too much R&D.
Not golden cross but low moving average
SOEN .005 UP .001 GOLDEN CROSS ABOUT TO FORM HERE FOLKS O/S 186 MILL AS OF FEB 2012!
The Sun quit shining in China!
What's going on here?? Just last year, this stock was about 20cents what I remember
come on. That isn't a fat finger trade and you know it. Someone is accumulating this. But why?
LMAO I bet person wanted 375k shares at .0036 not .036 lol
some one with fat fingers may be??
Pretty sure someone is just unloading their position.
Looking at how it trades, looks like they want out fast.
That is to be expected in the current situation.
Though I might put in a little bit and see where she goes.
Somebody got $13g worth this am at .036 @ 375k shares
Just got some .0099s was at .03 earlier on big volume...weird
MOUNTAIN VIEW, Calif., March 20, 2012 /PRNewswire/ -- Solar EnerTech Corp. (OTCQB: SOEN) today announced that it has retained FTI Consulting to review and explore strategic alternatives for the Company and has appointed a member of FTI Consulting as Chief Restructuring Officer. In addition, the Company announced that it has filed a Form 15 with the Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock, par value $0.001 per share under the Securities Exchange Act of 1934, as amended.
definitely on watch!
SOEN just filled 15-12g appears stock fell and making a rebound~
Wake up SOEN. Where's your IR people with PR's? Solar power is all over the news lately!
Solar EnerTech (SOEN) on the move. Solar stocks have all been on the move.
http://twitter.com/chinasolar
Number of shares outstanding of registrant’s class of common stock as of May 9, 2011: 171,473,177 (share price on May 9 was $0.1).
Number of shares outstanding of registrant’s class of common stock as of August 8, 2011: 181,670,962 (share price on Aug 8 was $0.06).
A ~ 5% increase in OS, along with a 40% decrease in price.
It will be interesting to see next Q if modest dilution continued. Share price is now half what it was last quarterly report. I am guessing, based on past behavior, that this in no way reflects massive dilution. Maybe modest dilution, coupled with the stench of solar right now. The company seems to be silently chugging along every quarter, on the cusp of profitability, but not quite there yet.
So many solars can be had for so cheap right now!
I don't know too much about the company, but you're probably right. Communication on what they're doing sure is lacking. If a company is doing anything, they should be communicating that to the world -- that's part of marketing.
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SOEN.OTC
Solar Enertech Corp. is a highly innovative solar science company that harnesses energy from the inexhaustible resources of the sun to develop renewable energy solutions that will contribute to a cleaner, energy efficient world. Founded in the Silicon Valley, California, Solar EnerTech focuses on photovoltaic("PV") science and technologies. The company has been developing and manufacturing solar cells and modules, the key components for PV systems to generate solar energy.
Solar EnerTech has also established a Joint R&D Lab at Shanghai University, which plays a leading academic role in material science in China, thus providing an academic platform to research and develop PV technology and to apply the results of the research immediately into its manufacturing processes. Led by one of the industry's top scientists, the company expects its R&D programs to help bring Solar EnerTech to the forefront of advanced solar technology research and production.
Leo S.Young, President & Chief Executive Officer | |
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Steve M. Ye, Chief Financial Officer | |
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Dr Z.Q. Ma, Chief Science Officer & Director of the Joint R&D Lab at Shanghai University | |
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Y.H. Zhang, Chief Technology Officer & Deputy Director of the Joint R&D Lab at Shanghai University | |
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David Anthony is an experienced entrepreneur, venture capitalist, and educator. Since founding 21Ventures in 2004, the firm has provided seed, growth, and bridge capital to more than 40 technology ventures across the globe focusing mainly in the cleantech arena. David Anthony sits on the board of a number of 21V portfolio companies including: Advanced Telemetry, BioPetroClean, ETV Motors, and Variable Wind Solutions. David also serves on the board of directors of publicly traded companies including Axion Power International, Inc (OTC: AXPW); Clean Power Technologies Inc (OTC: CPWE); Energy Focus, Inc (NASDAQ: EFOI); Solar EnerTech Corp (OTC: ENSL) and Thermo Energy Corporation (OTC: TMEN).
David Anthony is an Adjunct Professor at the New York Academy of Sciences (NYAS). The Academy, based in Manhattan brings together scientists of different disciplines from around the world to advance the understanding of science, technology, and medicine, and to stimulate new ways to think about how their research is applied in society and the world. The Academy is widely recognized as one of the world’s foremost organizers of scientific conferences and symposia. David’s students at the Academy hail from such prestigious institutions as Columbia, NYU, Princeton, Yale, Rockefeller University, Sloan Kettering, and the Albert Einstein College of Medicine.
David A. Field
Mr. Field is the CEO and co-founder of OneRoof Energy; an independent solar power producer that develops, finances, owns and operates distributed residential solar PV projects. Mr. Field has over 20 years experience in leading successful executive teams, startups and early stage companies within the energy sector. Before co-founding OneRoof Energy, he led the reorganization and turnaround of Applied Solar, LLC as its president and CEO. During this time, he transformed the company from a manufacturer of Building Integrated Photovoltaic (BIPV) products, to a developer and licensor of BIPV product IP, partnering with some of the largest corporate names in both solar and building products. Prior to Applied Solar, he was a senior executive at Clark Security Products, the largest independent vertically integrated security distribution company in North America. In 2001, Mr. Field founded and was CEO of Clarus Energy Partners, a leading developer, owner and operator of distributed generation projects, which was acquired by Hunt Power in 2004. Prior to Clarus Energy, he co-founded Omaha-based Kiewit Fuels, a renewable energy company specializing in the development of biofuels production. In addition to a career in sustainable energy development, he also has an extensive background in water technology and infrastructure development, with companies such as; Bechtel, Peter Kiewit, and Poseidon Resources, as well as in corporate finance with Citicorp. Mr. Field holds a MBA
Corporate Headquarters | Stock Price (4/14/10) || 52-Week Range | Shares Outstanding (4/14/10) | Volume (daily 90-day average, 4/14/10) | Debt (4/14/10) | Cash (3/31/10) | Bank Credit Facility (4/14/10) | Revenue (Fiscal Year 2009 @ 09/09) | EBITDA (FY 2009 / 1stHalf FY 2010) | Insider Ownership | Full-time Employees (3/31/10) | Fiscal Year End | Accounting Firm |
Mountain View, CA | $0.20|| $0.11 -0.45 | 177,952,592 | 86,767 | $1,815,261 | $897,000 | $2,000,000 | $32,835,000 | ($4,496,000) / $679,000 | 54% | 384 | September | Ernst & Young Hua Ming |
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