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Still here I made some coins when it had a run then rebought back.. Holding my shares now to see if SOPW uplist to the big boards..
In a statement Thursday, Peng noted: “China has already become the world’s largest investor in renewable energy, and the Chinese government has demonstrated its long-term commitment to developing clean and sustainable energy with solar power as a core component.”
Consequently, Peng added, SPI is “well-positioned to benefit from this exciting growth.”
SPI also announced that it will disclose details Tuesday about a new “online platform for individual investors.”
Xiaofeng Peng was chairman of LDK and is now CEO of SPI Inc. Solar Power Inc. has been making very productive crystaline solar cells in China for a few years now anyway, this news release is just that a release from LDK's bankruptcy preceedings. All in all this is good news for the future of SPI Inc.
Any ideas of who solar power inc. new module supplier will be?
SPI anticipates that the sale of its common stock and convertible promissory notes will close within 10 days of the date of the respective agreements, subject to the satisfaction or waiver of the closing conditions. The options to purchase SPI’s common stock are exercisable on or prior to the date of completion of the listing of SPI’s common stock on the New York Stock Exchange or the NASDAQ Stock Market. SPI’s shares of common stock issuable under the definitive agreements are restricted securities, and the investors are each subject to a three-month lock-up period.
“We are very pleased to announce this investment in SPI led by Mr. Shi and Dongxiang, which underscores their strong confidence in the company and its growth potential,” said Xiaofeng Peng, Chairman of SPI. “We believe this additional capital will enable us to continue SPI’s impressive growth trajectory and benefit all of our shareholders.”
Does the third paragraph of the new press release say what I think it says? SPI will be listing on the NYSE or the NASDAQ markets this coming year!!!!!!! What ? Say it ain't so Mr Cho !!!!!
I guess the press release means big things for the future ! Finished the week at 20% up. Yahooooooooo
Awesome day to close out the week...up 16% so far..
Good to know Byrd is a buyer of SOPW..
ANOTHER PROMISING PRESS RELEASE
By REINHARDT KRAUSE, INVESTOR'S BUSINESS DAILY
Posted 12/04/2014 11:45 AM ET
Solar power stocks have been unfairly punished by plummeting oil prices, say Morgan Stanley and Deutsche Bank analysts.
Stephen Byrd, a Morgan Stanley analyst, has buy recommendations on SunEdison (NYSE:SUNE), NRG Yield (NYSE:NYLD) and SOPW(OTCBB). Vishal Shah, an analyst at Deutsche Bank, remains a buyer of SunEdison, Trina Solar (NYSE:TSL), SolarCity (NASDAQ:SCTY) and SunPower (NASDAQ:SPWR)
"Solar stocks have lately been under significant pressure due to concerns over oil price weakness," Shah said in a report published on Tuesday. "We believe solar fundamentals are driven mostly by government policies and natural gas prices in most major markets and see almost no impact on near term demand environment as a result of recent oil price volatility. We expect demand in markets such as U.S., India, China to accelerate from 2015 and remain buyers on near term weakness."
Morgan Stanley's Byrd also is upbeat on solar power demand from the U.S., China and India.
"Oil contagion is out of proportion in the solar space, in our view," wrote Byrd in a report published Tuesday. "Globally, oil is not a significant driver of power prices (generating only 4% of global power), especially in the countries/regions with the highest demand for solar power.
"In the U.S., Europe, China, and India, there is very little power production from oil-fired generation. The two material exceptions to this dynamic are South America and Japan, but in our global Blue Paper, these countries/regions accounted for only 12% of solar demand, and other factors (especially energy policy, favorable regulatory dynamics) will also drive solar demand."
Has anyone read the new news on Solar Stocks thriving even though oil prices drop? You know what this means. SOLAR is the energy of the future.
looking forward to that.
I believe SPI will be the biggest solar play in China and they will continue to grow not only in China but worldwide.. We are fortunate to get in at this prices hopefully by end of next year it will be near $10..
aye! been reading u and lakingsphan for months now. love the stock.
Don't worry DOUBLER, We're going to QUADRUPLE R !
please short it so you can cover@$4 shortie!
The filing report was from 2012 when CEO Peng wasn't even part of SOPW yet !
Are You on something MUSTARD BASHER, this is actually good news for the company. They are a Chinese owned company, obviously they are going to make a move like this. Why would the CEO make such an enthusiastic statement in the news release. Who's paying you to bash this GEM of a stock?
time to take the Money out of the lottery, this a more than scetchy news:
Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB:SOPW), a vertically-integrated photovoltaic (“PV”) developer, today announced that it dismissed Crowe Horwath LLP (“Crowe”) as its principal accountants effective on November 18, 2014. The decision to dismiss Crowe was approved by SPI’s board of directors. Contemporaneous with the dismissal of Crowe, SPI decided to engage KPMG Huazhen (Special General Partnership) (“KPMG Huazhen”) as its principal accountants for its consolidated financial statements as of and for the year ending December 31, 2014, a decision also approved by SPI’s board of directors.
Except for an explanatory paragraph following its opinion indicating that there was substantial doubt about SPI’s ability to continue as going concern, the audit reports of Crowe on SPI’s consolidated financial statements as of and for the years ended December 31, 2013 and 2012 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principle.
During the two most recent fiscal years and the subsequent interim periods through the date of dismissal, SPI has not had any disagreements with Crowe on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to Crowe’s satisfaction, would have caused them to make reference in connection with their opinion to the subject matter of the disagreement. During the two most recent fiscal years and the subsequent interim periods through the date of dismissal, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K, except for the reportable events identified in SPI’s relevant annual reports and quarterly reports.
During SPI’s two most recent fiscal years and the subsequent interim periods through the date of this press release, neither SPI nor anyone on its behalf has consulted with KPMG Huazhen regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on SPI’s consolidated financial statements, and neither a written report nor oral advice was provided to SPI that KPMG Huazhen concluded was an important factor considered by SPI in reaching a decision as to any accounting, auditing or financial reporting issue, or (2) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).
Mr. Xiaofeng Peng, Chairman of SPI, stated, “We are very pleased to announce the engagement of KPMG Huazhen as our new independent registered public accountant, a leading provider of auditing and accounting services. We look forward to working closely with KPMG Huazhen in the coming years. We would also like to show our appreciation for Crowe’s services provided to date and wish Crowe every success in the future.”
Nice action here EOD. Something big is in the works
168.5 MEGAWATTS, HOLY SUNSHINE BATMAN ! That not chicken feed.
8:37AM Solar Power announced that its wholly owned subsidiary, SPI Solar Power has entered into a framework agreement with TBEA Xinjiang Sunoasis to acquire from TBEA Sunoasis 168.5 mw of solar projects across China.
We'll be seeing alot more breakouts over the next months, all the way to IPO and the BIG BOARD
Consolidating for the next run up.. GO SOPW!
Thanks for posting that annotated SOPW chart StockSlayer.. I hope next time it runs it will hit the $5 but that would be a bit of exaggeration.. I wouldn't mind if SOPW settle above $3 or even $4 :)
They diliberatley had a high amount of outstanding common stock for the 2 private placements in November. One of which closed yesterday. In order to raise capital for the numberous projects this coming year.
OS count looks horribly high!! direct from the 10q:
"The number of outstanding shares of the registrant’s common stock as of November 13, 2014 was 541,112,502".
Financials looking good, I expect the next quarter results should be even better. And so on, and so on.
how do u guys spot these pumps ahead of time and how do u know when they r done pumping them up
Nice pump try, have you seen SLTD's float. I wouldn't invest a dime into that dog.
There are 10 states where solar power right now is as cheap as conventional electricity—and those states are about to see solar power installed capacity jump by 600%, according to new research by Deutsche Bank's Vishal Shaw. The bank's analysis is making the media rounds, and Bloomberg reports the findings are simple: solar is now mainstream.
Because solar power is a technology and not a fuel, the price will decline over time while fossil fuels will see prices rise. That's the underlying theory behind what Sanford Bernstein analyst Michael Park calls "the Terrordome," where even the cheapest non-renewable fuels cannot compete over time. Some estimates have solar as the largest source of power on earth by 2050, though at the moment it makes up about 1% of the world's power.(TAKEN FROM NEWS ARTICLE)
36+ states will see solar grid-parity in 2016
www.utilitydive.com/news/study-at-least-36-states-will-see-solar-hit-grid-parity-in-2016/327286/
Maybe the 3D Cell will make it 50 states in 2015?
The shorties are coming! The shorties are coming! Lol
Yeah I tried to verify this last week calling the number listed here http://www.otcmarkets.com/stock/SOPW/profile along with the 800 number listed on this board and the call went to some ladies house. Then I looked a little further and noticed that they issued another 90 million shares in September at 27 cents to increase the outstanding shares to over 400 million. With Friday's closing price that puts SOPW's market cap over $1 billion lol. I can count on one hand how many OTC companies hit $1 billion in market cap over the past couple years and they were later halted or dropped 95% over time.
Like you I also used to believe in these scams until I lost all my money investing in them. I've seen quite a few of these like SOPW and investors eventually turn into bag holders and this will be no different. Like I said before take this opportunity as a gift and get out while you can because it doesn't matter how many positive press releases and projects SOPW has going for them, there's no way they're going to keep a $1 billion market cap without a working phone number lol.
$SOPW DD Notes ~ http://www.ddnotesmaker.com/SOPW
bullish
cci(50) crosses 100 upwards
http://stockcharts.com/school/doku.php?st=cci&id=chart_school:technical_indicators:commodity_channel_index_cci
$SOPW recent news/filings
## source: finance.yahoo.com
Fri, 31 Oct 2014 22:13:01 GMT ~ Brazil gives go-ahead to 31 solar parks in push for new energy
[Reuters] - Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades. Brazil's energy regulator, Aneel, concluded its first exclusive solar power auction on Friday, clinching 20-year energy supply contracts with companies that will invest 4.14 billion reais (1.04 billion pounds) and start to feed the national grid in 2017. The 31 solar parks, the first large-scale solar projects to be constructed in Brazil, will have a combined installed capacity of 1,048 megawatts (MW).
read full: http://sg.finance.yahoo.com/news/brazil-gives-ahead-31-solar-221301630.html
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Fri, 31 Oct 2014 22:09:59 GMT ~ Brazil gives go-ahead to 31 solar parks in push for new energy
[Reuters] - Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades. Brazil's energy regulator, Aneel, concluded its first exclusive solar power auction on Friday, clinching 20-year energy supply contracts with companies that will invest 4.14 billion reais ($1.67 billion) and start to feed the national grid in 2017. The 31 solar parks, the first large-scale solar projects to be constructed in Brazil, will have a combined installed capacity of 1,048 megawatts (MW).
read full: http://finance.yahoo.com/news/brazil-gives-ahead-31-solar-220959064.html
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Wed, 29 Oct 2014 18:58:42 GMT ~ SOLAR POWER, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/141029/sopw8-k.html
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Wed, 29 Oct 2014 15:59:14 GMT ~ Solar Power Inc. to Buy Shanghai All-Zip Roofing for $54 Million
read full: http://www.bloomberg.com/news/2014-10-29/solar-power-inc-to-buy-shanghai-all-zip-roofing-for-54-million.html?cmpid=yhoo
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Wed, 29 Oct 2014 12:30:00 GMT ~ SPI Solar Announces Framework Agreement to Acquire Shanghai All-Zip Roofing System Group Co., Ltd.
[Business Wire] - ROSEVILLE, Calif.--(BUSINESSWIRE)-- Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB: SOPW), a vertically-integrated photovoltaic solar developer, today announced that its wholly owned subsidiary, Xinwei Solar Power Engineering (Suzhou) Co., Ltd., (“Xinwei Solar”) has entered into a framework purchase agreement for the acquisition of a 100% equity interest in Shanghai All-Zip Roofing System Group Co., Ltd. (“All-Zip Roofing”) with All-Zip Roofing and its owners, including five private equity investors. All-Zip Roofing is a leading provider of comprehensive roofing solutions in the China market. It focuses on energy conservation and environmental protection and holds several key patents concerning roofing. It has played a key role in the development and drafting of national roofing standards in China, and established the first industry association for roofing in the country.
read full: http://au.finance.yahoo.com/news/spi-solar-announces-framework-agreement-123000698.html
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$SOPW charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$SOPW company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/SOPW/company-info
Ticker: $SOPW
OTC Market Place: OTCQB
CIK code: 0001210618
Company name: Solar Power, Inc.
Company website: http://www.solarpowerinc.net
Incorporated In: CA, USA
Business Description: SPI is a leading vertically integrated photovoltaic (PV) solar developer that designs, engineers and constructs complete PV solar energy facilities (SEF). The company develops SEFs to provide onsite electricity production for industrial and commercial enterprises. It also develops utility-scale SEFs to provide electricity to power grids serving vast areas. The Company's business strategy is to work as a vertically integrated solar developer to design, engineer and construct high-quality, low-cost turnkey photovoltaic SEFs for these business segments.Less >>
$SOPW share structure
## source: otcmarkets.com
Market Value: $801,964,694 a/o Oct 31, 2014
Shares Outstanding: 334,151,956 a/o Aug 19, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.00001
$SOPW extra dd links
Company name: Solar Power, Inc.
Company website: http://www.solarpowerinc.net
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SOPW+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SOPW+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SOPW+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/news - http://finance.yahoo.com/q/h?s=SOPW+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SOPW/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SOPW+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SOPW
DTCC (dtcc.com): http://search2.dtcc.com/?q=Solar+Power%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Solar+Power%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Solar+Power%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.solarpowerinc.net
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.solarpowerinc.net#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.solarpowerinc.net
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SOPW
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001210618&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SOPW&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SOPW
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SOPW+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SOPW+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SOPW
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SOPW
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SOPW+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SOPW/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SOPW+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SOPW.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SOPW
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SOPW/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SOPW/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SOPW
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SOPW
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SOPW:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SOPW
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SOPW
$SOPW DD Notes ~ http://www.ddnotesmaker.com/SOPW
Do you know that the list below all have one thing in common? Well, SOPW completed all these projects and you can bet your farm that this list will continue to grow.. GLTU
DISTRIBUTED GENERATION(DG)
Staples Center & Nokia Theater, L.A CA
Temescal Canyon RV, LLC, Temescal CA
Cox Enterprises, Inc., Rancho Santa Margarita CA
Cox Atlanta, Stockbridge GA
Raley’s, Lincoln CA
Costco, Hazlet NJ
Placer County Juvenile Detention Facility, Auburn CA
Twentieth Century Fox Motion Picture Studios, L.A CA
Marshall Medical, El Dorado Hills CA
The County of Ventura, Ventura CA
McClellan Business Park, Sacramento CA
Solara Affordable Housing, Poway CA
I suppose all the projects SOPW signed on over the past 12 months all over Europe, China, Hawaii, Greece, Italy and Japan are all a farce too !! Give it up your just another basher like Lojack, who only decides to show up when the stock starts to drop. You guys will still be bashing this thing while we all cash in on thousands !
There were no promo emails on CYNK when it became a billion dollar company and they halted that one when they found out it was a scam. Wouldn't be surprised to see the same thing happen here.
If it gaps on Monday the shorters are planning another attack. You can read their plans if your do a search of SOPW stock tweets. SOPW appears to come back strong everytime so it appears to be the real deal. Plus I have not seen a single promo email yet on this one.
You had a chance to cover your short around $1.30ish but you're prolly too stubborn so I hope you get burned..
Give it time... The price will go back to $.05.... Just not over night. I've done my DD and its clear that the company has ridiculous levels of debt, little cash, and an inflated $1 billion market cap. SEC has been asleep at the wheel for years...if they weren't they would of halted this awhile back and before insiders dump their tens of millions of shares they purchased under 20 cents a share. Don't believe in this fairy tail they all end the same.
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