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Earnings are coming out Wednesday pre-market, probably before 8am:
http://biz.yahoo.com/research/earncal/s/solf.html
I still think this stock has tremendous potential buying another few thousand shares today, I expect to see this in mid 30's watch and see
I know its on the 21st last earings came out shortly after market openned,but i can't say any specific time with any certainty.
all i know is we hit a high of 26.67 today
anyone know what time earnings are coming out?
also read this article
Virtually all of the solar companies which have reported recently have reported better than expected earnings. Canadian Solar (CSIQ) trounced their earnings estimates. CSIQ is in a virtually identical segment of the business to Solarfun (SOLF). According to theStreet.com analyses on TD Ameritrade, SOLF has slightly better margins than CSIQ. This would lead one to believe that SOLF is likely to have much better than expected earnings this quarter. With the price of the stock currently sitting on (or near) the trigger point for most short sale buy backs, a move up with earnings might well trigger a big short squeeze. I note the current price of SOLF at this writing is approx. $18.50. Likely most shorts were sold at or below this price.
the indicators on the chart as well as the volume the stock is havin look very similar to last run {$41).
Also remember that the contract with solf's supplier got extended by 2 years.
"Hoku Scientific (HOKU) and Solarfun Power (SOLF) Amend Polysilicon Supply Agreement
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Solarfun Power (SOLF) volume & volatility Elevated into EPS
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Hoku Scientific (HOKU) and Solarfun Power (SOLF) Amend Polysilicon Supply Agreement
Hoku and Solarfun Approve Amendment and Extension of Polysilicon Supply Agreement
More News related to SOLF
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May 13, 2008 7:12 AM EDT
Hoku Scientific, Inc. (Nasdaq: HOKU) and Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF) amended their polysilicon supply contract to increase the term of the contract from eight to ten years. Total amounts that may be payable to Hoku Materials under the contract have increased from up to approximately $306 million for the eight year contract, to up to approximately $384 million for the amended ten year contract.
Hoku Materials and Solarfun also agreed to a mutual right to terminate the supply agreement if Hoku Materials is unable to raise an aggregate of $75 million in financing for its polysilicon production plant by December 31, 2008 (including the $25 million that was already raised by Hoku Scientific's sale of common stock in February 2008). Solarfun may also terminate the agreement if Hoku Materials is unable to complete polysilicon shipment milestones and quality specifications by December 31, 2009.
Does anyone on this board have any idea if SOLF'S numbers are going to blow the streets numbers out of the water?
agree, special if earnings beat expectations.
already hold alot from back when it was 12bucks but going to pick up some calls into earnings, lets see how that pans out
the shorts will let it come up a bit higher first. look at the last run to 41. Why try and step in front of a moving freight train...
One of the best white candles on the chart Friday.
Now that's what I call breaking out of a channel!!!
WWWWWWWWWEEEEEEEEEEEEEEEEEEEE!!!!!!
I bought this on 3/27 when SpeckiesTrader on 'Trading for Dollars' highlighted it. Bam! This thing just goes up ...
Hello...? Anyone out there? Just wondered what anyone thought about today's run. After about a month where the pps declined from its high in the $17.00 range to a low of $12.00 something and then just bouncing around $13-$15... where do you think the pps is going?
No problem...
I've had this on my watch list and it will remain there until I see a reason to buy or boot it...
Dinvest,
Thanks for that. I'm relatively new to this stock, only have been trading it since late March, when it looked like it was moving in a fairly large trading range, intra-day. It seems, since then, to have moved into a much more narrow range.
Again thanks for that perspective.
amarkiii
This needs to break MA 50 resistance at 15.25, then we could be in for a nice run. I'd say hold on until the chart gives some more decisive indicators...
No too experienced with technical analysis, but am wondering if anyone sees this moving out of the current narrow trading range and trending higher?
Making money :)
Still doing good !!!!!!!!!!
New highes are rolling in
I agree China plays are the way to go right now, Big time>
Good luck
Speckies The Chinese markets finished up 3% tonight should bode well for all china stocks. The shanghai is down over 45%, so you know now that the bottom is in, China stocks again will be the best place to park money in 2008.
Come say hi on my board, Its a undiscovered growth stock about to be discovered.
cheers man
OMG frenchee you are here too, your everywhere man.
shorts on solf are trying their best to keep it down, I have shares as an investment, I averaged down to a very low 12 so not worried at all. I have options on it too and those I have my eye on.
Solf long term looks very healthy.
Yeah flippers are getting left behind this time around lol
I see a lot of sells going through though so stay close :)
I think many are just waiting for news on our other one :)
one tick at a time :) :)
Those 10k blocks are still going so the MM is still flipping and selling on the ask.
solf is unfolding nicely, volume keeps increasing in parallel with the macd. very nice.
what are your thoughts on rtgv marine????
solf chart
Thanks buddy:)
SOLF is still on a roll. Really nice to see :)
Good Morning Marine-1,
I want to say that I appreciate both of those links you have on your posing page. They were very powerful and had a tremendous impact on me.
Our favorite stock is trending higher pre-opening.Hope it continues.
Regards,
ANMIII
Yep great day for us on Solarfun :)
And it certainly did!
SOLF up 18% on its way to dispelling bearish rumor.
I still think that people think that this is a Chinese effort alone and that location matters in this stock, which is a misunderstanding altogether and investors will come around. Quantity and cheapness of panels emphasized with this company and not state of the art solar unless I am mistaken.
The cost has been the most limiting factor for the industry growth in the past. another opinion there.
Time to roll this morning!!!!!!!!!!!!!!!!!!!
New Energy Bill Boosts Wind and Solar Companies
Apr 1, 2008 08:00:00 (ET)
WASHINGTON, April 1, 2008 /PRNewswire via COMTEX/ -- The U.S. House of Representatives passed a new energy bill which re-authorizes incentives encouraging construction of wind and solar power projects and also introduces important new measures to improve energy conservation. The U.S. Renewable Energy and Energy Conservation Tax Act of 2008 was passed with bi-partisan support in the House in a 236 to 182 vote.
The wind and solar industry associations have lobbied hard to extend the tax credits which have spurred record growth in both industries over the past five years. Many analysts view the extension as necessary for wind and solar companies to compete on a level playing field. Analysts at Merriman Curhan Ford & Co issued a buy rating for Akeena Solar (AKNS, Trade ), the nation's leading installer of solar systems. Janco Partners upgraded Evergreen Solar (ESLR, Trade ) from market-perform to buy.
CNBC guest analyst Francis Gaskins put a new higher $4.00 target on wind company NACEL Energy (NCEN, Trade ). NACEL Energy develops utility class wind power and just announced two new Texas projects -- Blue Creek, a 20-megawatt facility north of Amarillo, TX and Channing Flats, a 20-megawatt project in Moore County, TX.
A Before the Bell(TM) renewable energy update.
SOURCE Before the Bell
Thanks for sharing that
Looks great :)
excerpts from the s&p report. LOOKING GOOD GUYS
We expect revenues to double in 2008, reflecting
robust demand for SOLF's solar products.
We believe SOLF will be able to expand its
manufacturing capacity to 360 MW by mid-2008
from 240 MW at the end of 2007 to meet higher
anticipated demand. Additionally, we think favorable
industry conditions will support stable
to slightly higher pricing in the foreseeable future.
Longer term, we expect average selling
prices to decline due to lower barriers to entry
and greater polysilicon supply.
We expect SOLF to spend aggressively to expand
manufacturing capacity,
but we see the increase in costs leveraged
across a higher and rapidly growing sales base.
ä While SOLF currently has sales contracts exceeding
160 MW for 2008, we see upside to this
figure should it gain access to additional supply.
I loaded up on some June 15 calls. I think this thing pops well over 15 by June. Good luck longs... we need it with all the short interest in SOLF.
Infact I believe I called one this morning that's accumulating for next weeks run. JMO
Thanks frenchee,
I hate using charts tough I prefer to play the momentum, volume, Dist/Acc trends.
Once we hit 14 that would have been my sell point, I just choose to wait for the drop. Actually I am counting on it. If I see a sell off at the bottom 12 then I know shorts are trying to dump or the panic frenzy is in place..................which is what I’m seeing right now.
That's just what works for me. Sometimes I come up short but I'm usually right on, besides I don't always go all in unless I have money in the green already. If it drops I sell :) :)
It'll return soon IMO
If you are looking for accumulation points, suggest evaluating a buy between the 5-day EMA and 21-day SMA. This method more often than not allows you to buy into corrections to the intermediate-term trend; buy on the dips...
As I said, the drop was inevitable. Now I add the other half, but when?
Sad to see it drop as it has today, it was looking great too.
20.41 is P&F price objective. See P&F chart in iBox.
Exactly! Hope we're right!
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Company
Hanwha SolarOne is a leading provider of global energy solutions, optimized to meet the demands of the 21st century energy customer. From quality crystalline silicon, solar module assembly, as well as project development and financing, Hanwha SolarOne offers a fully integrated solution. This means tangible value for our customers:
Long-term commitments are important to us and we support our modules with a 25-year warranty and prompt post-sale service. In addition, our modules are certified by TÜV, CE, UL, and CEC, demonstrating our products' quality and safety. We are committed to industry sustainability and are a member of the PV Cycle end-of-life product recycling program.
Led by a strong international management team, Hanwha SolarOne has grown into a leading global player in the photovoltaic industry, with our own brand name products, as well as contract manufacturing solutions.
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In order to best serve our clients and partners, Hanwha SolarOne has offices worldwide, and continues to expand. Hanwha SolarOne products are available direct from Hanwha SolarOne, or through one of our local distributing partners. Please contact us for more information.
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http://www.hanwha-solarone.com/
Our History
Hanwha SolarOne is a global energy company offering comprehensive vertical integration. We leverage the knowledge and expertise of Hanwha Chemical Corporation and the former Solarfun Power Holdings. With decades of manufacturing know-how, financial strength, and large-scale chemical production capabilities, we can deliver superior, highly competitive value to our customers.
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