Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If you do your due diligence you would realize the company was bought out in 2013 by Zioux Peng. This is a Chinese owned company, the headquarters is in Hong Kong. Steven Kirscher is no longer running SOPW. Peng took 70% of ownership and has been in control for a year 1/2 now. Read the press releases from 2013. Peng is set to bring SOPW to where LDK Solar once was at $62.00 a share on the big board within 2 years. He was the CFO of LDK Solar and brought them to domination before he resigned last year. He is moving like wildfire across China and Europe right now. If it's a pump and dump then it has to be a very elaborate one. Don't forget the SEC has tabs on that stuff now. This isn't the 90s. Besides if it was a pump why didn't the price go down to .05 where it was last year in late August. (IMO)
Get out now while you can ... This pump will come crashing down. I tried calling the company a few times and the phone number isn't even their number. This is just a scam and its a matter of time before the crash. Take this bounce as a gift and get out while you can.
Indeed and there are no gaps to fill.. Good weeks are ahead of us robby! Have a good weekend as well..
They don't know better SOPW was never a pump & dump.. I never rec'd any emails about this stock being pump.. P&D to me is when you rec'd a couple of emails pumping the stock and you see 3-4 people pumping on the message board.. I've seen maybe around 5-6 people on ihub (I know some of their monikers) who constantly pumping.. They are the red flag for me..
All the experts said it was a pump and dump yesterday, what do you make of this?
Amazing how SOPW can quickly turnaround and gained some back of what we loss on Wednesday.. UP 28% so far.. GO SOPW!
You bet I am, this is one of the stocks I feel comfortable holding on along with DVAX, ENCR, & VOIL.. SOPW is just a no-brainer for me..
You still in buddy? I hope your long on this one.
Nice recovery from that collapsed the other day..
Hopefully the shorts and pumpers are out of here now, just had a nice buy. Let's go SOPW
The company has also been busy closing private placements in the past several months, which has increased the share count quite a lot and unfortunately caused some dilution that might strike hard, considering that the current market cap is above $1 billion.
cash: $5.85 million
current assets: $17.24 million
total assets: $72.84 million
current liabilities: $44.09 million
total liabilities: $56.85 million
quarterly revenues: $9.94 million
quarterly net loss: $2.17 million
* * $SOPW Video Chart 10-29-14 * *
Link to Video - click here to watch the technical chart video
A little comeback at EOT, we'll lick our wounds, tomorrow's another day.
Not to fret my friend, we know the true investors will overcome these slimballs that try to make the quick hits. They don't have the balls to hold on any stock. We'll have the final laugh at these cockroaches.
There's no bad news so SOPW shouldn't have a big drop on pps but the crooks are at it again with their stupid game.. The crooks will always rule the market..
Funny how that works isn't it. $$$$$$$$$
I see the BASHER is back ! Where were you the past 2 months? SOPW is only up 1400% since you left.
Yeah only 8 more years to break even on solar installations.
New Press release today, 5 private investors getting stock that's guaranteed not to drop below $2.38. What's that tell you about where SOPW is headed. Only good can come of this, IMO
SOPW, shorts better cover soon or they are going to get burned. imo
The stock is up 1400% since July, a few people take their profits. They'll be back for more ! Best thing to do is to lock in at a limit sell price at least $1.00 less than it is now.But I don't believe that sell will ever happen. That's why I'm staying on this flight to MARS.
But Over 1 Billion Authorized shares
as per the 10Q "In the second quarter of 2014, the Company amended its articles of incorporation to increase the authorized shares of Common Stock from 250,000,000
shares to 1,000,000,000 shares."
Insiders are banking
Yahoo! Finance Share Structure:
Shares Outstanding: 334.15M
Float: 207.98M
$3 is tough resistance and RSI is getting too extended. I would lock in some profits if you haven't already
Another press release, 6 more projects in China, they're like the PAC-MAN of the European market. I see $3.00 today !
Here we go again boys lets hope and hit that $3 today.. up .23 as I type..
Happy Friday everyone!
SOPW 8k out, total of $256 Million for the projects NOT including all of the 1.5GW deal. Keep in mind this is just rough estimates based on today's exchange rates for RMBs
Paid in Cash = $175.4 Million
Paid with lease = $ 58.8 Million
Paid in Shares = $22 Million
http://biz.yahoo.com/e/141023/sopw8-k.html
Although I would of love to see SOPW close to near its high of the day we still gained 12.77% percent not bad at all.. Hope to see $3 by tomorrow or next week..
There just making the quick hits, stay the course my friend.
WTF just happened? another BS games by the MMs.. eff you MMs
Not likely but if we reached over 1M volume today we just might.
All the bashers ran from this board over a month ago. I guess they ran to their brokers for a strong buy on SOPW. I'd stay in for the long haul on this one guys. The shorts are gonna regret it. Or just take their initial investment as a safety net. There's no looking back here !
Funny how I said the same thing when SOPW was at the .60s.. I waited but never came down so I bought some at $1.30s and added more at $1.50s I am glad I did..
I tell you what when SOPW losses its momentum I will be ready but in the meantime I will enjoy the ride all the way to $5..
Now you got me thinking maybe SOPW will buy SLTD..hmmmm
with all great companies some clowns always gotta pump other stocks. take your SLTD and go elsewhere.
I'd advise you look at it IMO. CEO has much better credentials than most. Have a feeling SOPW will be crashing down shortly. The shorts will be pounding hard soon, no way to maintain this.
UNBELIEVABLE! we are approaching $3 and just inches away.. up 18.30% at the moment..
I don't know anything about SLTD but some CEOs are just brighter than others..
How is SLTD not the same PPS as SOPW? They have the exact same finacials (SLTD is actually a little better) and the same share structure. Looks like the next runner to me. SOPW has defied the market though.
We'll be singing that song together "IF I HAD A MILLION DOLLARS" in no time buddy.
How about hitting the reply button rob! lol
SOPW just keep making higher highs.. I am really digging this stock..
That's right, all major Solar Power Companies are trading at least $16.00 or above, and First Solar is trading at $55 today. I believe we can easily get to that mark. Whahooo !
SOPW are going to be the biggest solar company in the world..
SPI Solar Announces Agreements With GD Solar to Acquire and Develop Multiple PV Projects
Date : 10/23/2014 @ 8:30AM
Source : Business Wire
Stock : Solar Power, Inc. (QB) (SOPW)
Quote : 2.34 0.0 (0.00%) @ 9:09AM
SPI Solar Announces Agreements With GD Solar to Acquire and Develop Multiple PV Projects
Today : Thursday 23 October 2014
Click Here for more Solar Power, Inc. (QB) Charts.
Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB: SOPW), a vertically-integrated photovoltaic, or PV, developer, today announced that its wholly owned subsidiary, SPI Solar Power Suzhou Co., Ltd. (“SPI Meitai Suzhou”), has entered into several agreements with GD Solar Co., Ltd. (“GD Solar”), a wholly owned subsidiary of Guodian Technology & Environment Group Corporation Limited (1296:HK)—a leading supplier of solar and other renewable energy solutions—to acquire existing PV projects from GD Solar and develop new PV projects with GD Solar.
Mr. Xu Zhong, General Manager of GD Solar, said, "We are excited to announce this strategic partnership. SPI Solar has demonstrated its ability to rapidly scale in the China PV market. We look forward to partnering with SPI on these projects and achieving mutual success.”
Mr. Xiaofeng Peng, Chairman of SPI, added, “We are pleased to announce these agreements with GD Solar, a major player in clean energy solutions. We plan to leverage our unique strengths to grow our businesses and expand our roles in the development of PV power in China. We are excited to work with GD Solar to strengthen our leading position as one of the largest PV development companies in this market.”
The agreements with SPI Solar, GD Solar and its affiliates call for the following:
• A cooperation framework agreement pursuant to which SPI Meitai Suzhou will have a right of first refusal to purchase projects under construction from GD Solar. SPI Meitai Suzhou and GD Solar will also cooperate to develop an additional 500 megawatts (“MW”) of PV projects in China each year from 2015 to 2017, for a total of 1.5 gigawatts (“GW”). SPI Meitai Suzhou will develop, finance and hold the equity interests in the new PV projects and GD Solar will provide EPC and related services to the new projects.
• A definitive agreement, pursuant to which SPI Meitai Suzhou will acquire a total of 100 MW of operating projects in Jinchang City, Gansu Province, from an affiliate of GD Solar, for an aggregate purchase price of RMB960 million, consisting of a combination of cash and SPI Solar’s ordinary shares. A portion of the purchase price will be used to pay for EPC services rendered by GD Solar in the development of these projects.
• A definitive agreement, pursuant to which SPI Meitai Suzhou will acquire a total of 10 MW of operating projects in Chaoyang City, Liaoning Province, from an affiliate of GD Solar, for an aggregate purchase price of RMB100 million in cash. GD Solar has provided EPC services to these projects. A portion of the purchase price will be used to pay for EPC services rendered by GD Solar in the development of these projects.
• A definitive agreement for the acquisition of a total of 50 MW of operating projects in Xinghe County, Inner Mongolia, from an affiliate of GD Solar, for an aggregate purchase price of RMB515 million, consisting of a combination of cash and SPI Solar’s ordinary shares. A portion of the purchase price will be used to pay for EPC services rendered by GD Solar in the development of these projects.
About Solar Power, Inc. (OTCBB: SOPW):
Solar Power, Inc. (“SPI” or “SPI Solar”) is a vertically-integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities and turnkey residential solar solutions to its business, government and utility customers. For additional information visit: www.spisolar.com.
About Guodian Technology & Environment Group Corporation Ltd. (1296:HK)
(GD Solar Co., Ltd.):
Guodian Technology & Environment Group Corporation Ltd. develops and promotes environmental friendly, energy-saving solutions and new energy technologies while focusing on core R&D efforts and supporting strategic clusters of emerging industries. The company’s subsidiary, GD Solar, is engaged in the development of PV projects.
Safe Harbor Statement:
This release may contain certain “forward-looking statements” relating to the business of SPI Solar, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as “believes", “expects” or similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, including uncertainties regarding whether the transactions contemplated will be successfully completed and whether the acquisition and development of the projects will be successful. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks and other factors detailed in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
Solar Power, Inc.
Amy Liu, 800-548-8767
Told you, This thing is not only on it's way to the moon, But, if Xiohg Peng (CEO) runs this company like he did LDK Solar were looking at MARS !!!
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
522
|
Created
|
01/07/08
|
Type
|
Free
|
Moderators |
Shares Outstanding: 334.2M
Float: 207.98M
Authorize Shares: 1B
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |