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Share this with the people of Ohio.
https://insideclimatenews.org/news/31052019/ohio-nuclear-bailout-coal-plants-kills-renewable-energy-efficiency-standards
Listen to end of QR call. At the end, they indicated that they are not out of woods yet. Due to the recent share price spike SUNW is under watch for up to 20 days.
Still waiting for the new solar cell.....yeah i said it.
Still here and waiting. What a long, strange trip it's been.
Any one notice that we have an office in Newbury, MA?
Newbury, MA Office
6 Green Street
Newbury, MA 01951
617-510-5021
https://sunworksusa.com/why-sunworks/locations/
Wake me up when this thing becomes profitable.... or other news.
ValuEngine upgraded shares of Sunworks (NASDAQ:SUNW) from a hold rating to a buy rating in a research report released on Monday,
Run to 0.45 and back to 0.38
Wake me up till then......zzzzZZZZ
Nothing to really talk about..... maybe the weather.
at least we are above a dollar. Foresee no activity news till August.
Could this be our cell??? Management says "ongoing manufacturing costs would be 40% lower with NGT......but say 3 times the capital efficiency. Finger crossed that something is in play.
https://finance.yahoo.com/news/4-things-learned-sunpower-apos-153200106.html?.tsrc=applewf
The next-generation technology (NGT) solar panel SunPower has been developing will begin meaningful production late in 2018 and could have a big impact on the company's financials when it fully ramps up. The solar panels won't be much more efficient at turning sunlight into electricity than the current X-Series panel's 22% to 23% efficiency, but it'll be much more cost effective. Tom Werner, SunPower's CEO, put it this way:
NGT will enable SunPower to produce our industry-leading IBC [interdigitated back contact] solar panels with cost similar to commodity products, utilizing manufacturing equipment with around 3 times the capital efficiency of our previous generation technology.
There are two areas in which SunPower is pointing out lower costs here: capital cost and ongoing manufacturing costs.
SunPower didn't outline exactly how much NGT equipment would cost, but the plant housing X-Series production cost about $0.65 per watt of manufacturing capacity. In other words, a $100 million investment would build 154 megawatts (MW) of capacity. If NGT manufacturing is three times as efficient, then the cost of each watt of capacity should be between $0.20 and $0.25 -- and $100 million would build about 462 MW of capacity. This would make expanding production much more cost effective for SunPower.
Management also said that ongoing manufacturing costs would also be 40% lower with NGT manufacturing, and the NGT panels will be "highly margin accretive" to SunPower.
Carl,
I was about in the same boat as you, ready to leave, patience running thin and thinking this will go up as soon as I leave. Sorry for your departure, but......Thank you?!?
Sunworks CEO says tariff unlikely to stop new solar installations
By Mark Anderson – Staff Writer, Sacramento Business Journal
A new tariff imposed by the Trump administration on imported solar panels is likely to add up to 5 percent to the cost of commercial solar-installation projects and up to 10 percent on residential projects, which is probably not enough to keep new commercial solar projects from being developed, the CEO of Roseville-based solar company Sunworks Inc. told the Business Journal.
The tariffs, announced Monday, were long expected and turned out to be far less than the solar industry had been bracing for, Sunworks (Nasdaq: SUNW) CEO Chuck Cargile said.
“The final resolution is not as bad as had been feared,” he said.
Sunworks shareholders appear to have been relieved, as the company’s stock rose 12 cents, or 10.7 percent, to $1.24 on Tuesday. Sunworks is the Sacramento area’s third-largest publicly traded company.
The Trump administration is imposing a 30 percent tariff on solar panel components, with the rate declining over four years, according to the U.S. Trade Representative.
The action is being taken at the urging of domestic solar component manufacturers, including Suniva Inc. and Solarworld Americas Inc., Reuters reported. The domestic manufacturers have argued that they can’t compete with a flood of Chinese imports that have driven down solar panel prices by 30 percent since early 2016.
The domestic manufacturers had reportedly sought a 50 percent tariff, the highest allowed under the law.
The 30 percent tariff that the administration chose to impose is likely to “lead to a low single-digit increase” in the price of commercial projects, Cargile said.
About 70 percent of Sunworks’ revenue comes from commercial, agricultural and government work, with residential accounting for 30 percent, he said.
What’s more, the tariff will decline to 25 percent in its second year, 20 percent in the third and 15 percent in the fourth. Also, the tariff only kicks in after the first 2.5 gigawatts of panels have been imported each year.
“The certainty of what the tariff is now is more of a positive than the tariff is a negative on projects,” he said. “We may see unlocking of projects now that the decision has been made.”
Cargile’s and Sunworks shareholders’ reaction to the tariffs contrasts, however, with that of solar industry representatives.
The Solar Energy Industries Association, a Washington, D.C.-based industry trade group, estimates the tariff “effectively will cause the loss of roughly 23,000 American jobs this year, including many in manufacturing, and it will result in the delay or cancellation of billions of dollars in solar investments,” according to a news release.
Sunworks buys panels manufactured in China, Korea and Malaysia, but the lion’s share come from China, Cargile said.
He said he doesn’t expect the tariff to significantly boost the domestic solar panel manufacturing industry.
“Starting a manufacturing facility is a non-trivial task, and getting it open would be at least a year or two down the road, and by that time the tariff is decreasing,” Cargile said. “I don’t see how you get a payback on investment.”
Still 5 hours north of me (I-35 traffic dependent), but getting closer. Guess I will wait till the mosey on down south.
We are in Texas (Dallas/Fort Worth area):
Welcome to Texas y'all!
SUNWORKS UNITED INC.
Texas Taxpayer Number 32061861848
Mailing Address 1030 WINDING CREEK RD STE 100 ROSEVILLE, CA 95678-7046
Right to Transact Business in Texas ACTIVE
State of Formation CA
Effective SOS Registration Date 10/19/2016
Texas SOS File Number 0802566535
Registered Agent Name URS AGENTS, LLC
Registered Office Street Address 3610-2 N. JOSEY LANE SUITE 223 CARROLLTON, TX 75007
Wahooooooo!!! let the fun for Tuesday morning begin.
Doubt I will be getting much sleep tonight with the anticipation of Q3 report. I am hoping that this is the calm before the storm!!!!
i say 30 mill with 0.05/share.
Sunworks appears to be the better option.
Sunrun $453.90 million for 3,020 employees ( $150,298/employee)
Sunworks $86.42 million for 220 employees ($392,818/employee)
Appears to me that Sunrun is very top heavy or not managing their money very well. Looking at this, Sunworks is managing their operations much better.
Viva Las VEGAS!!!!
https://www.energysage.com/solar-companies/nv/las-vegas/
I think there is a plan to cover the Great Lakes with Solar Panels. It's been done before and a great use of solar panels. Also, by covering bodies of water with panels, this will help reduce the warming of the bodies of water and cut off evaporation causing huge snow storms in the Northeast (https://en.wikipedia.org/wiki/Lake-effect_snow). Great thought but it is any ones guess and I may be full of S&$t.
So bright that I gotta wear shades.....at the "new Sunworks" (Chuck Cargile).
Q3 and Q4 - 25 million in Public works program....alone!
Awesome!! A very good resume builder.
Never said Mitsui will buy Sunworks. "In August, Sunworks announced a partnership with ForeFront, a subsidiary of Tokyo-based Mitsui & Co., on a $4 million, 1.4-megawatt solar power construction project for nine elementary and middle school locations in the Los Altos School District.
I'm just implying that there is a rich uncle with deep pockets that is investing into renewable energies.......oh wait just realized this is replying to Sandy. I'm not going to waste anymore of my time trying to explain.
Mitsui & Company may be trying to get a foothold into renewable energies.....even storage (https://www.bloomberg.com/news/articles/2017-09-21/here-s-why-mitsui-mining-is-excited-for-next-gen-battery-storage)
From their website:
Development of next generation energy and environmental business
As the world becomes increasingly conscious of global environmental issues, we are also becoming actively involved in environmentally-friendly business with the aim of realizing a low carbon society. By organically linking our diverse functions as a sogo shosha (general trading company), we pursue the development of projects that help prevent global warming. We are also proceeding with environmental and next-generation energy business including the commercialization of renewable energies such as biofuel, development of next-generation energy sources, and development of a hydrogen transportation and storage model.
Will need more solar cells to charge those electric vehicles....
May be see more solar cell carport roofs.
http://www.reuters.com/article/us-autos-gm-electric/gm-promises-more-electric-vehicles-paid-for-by-suvs-idUSKCN1C724C?il=0
Present.....4 yrs and still waiting.
Typical politician, wonder if this will have impact on Tariffs as well.
http://www.washingtonexaminer.com/trump-wont-pull-the-us-out-of-the-paris-climate-change-agreement-after-all-report/article/2634678
Thanks for posting. Very interesting, promising and exciting times. We are on the threshold of change.
Total Cash and debt remain the same as Q1, but returning to profitability!!!!
At about 41.6% of the $95 mil mark
or 45.6% of 2016 revenue.
If Q3 generates about $35 million we will be sitting pretty for 2017 rev of about $95 mil.
any hints???!!!!
I move for Carl to provide EOD predictions Monday through Friday....
Can I get a second...
Now can you predict Monday......Say close at 2.26???
Since March:
Sunpower up by about 80%
SUNW up by about 50%
VSLR up about 100%
Sunrun up about 50%
Seems to be the trend in the solar sector. Abe selling and causing havoc in the share price.....really doubt this is the issue.
I blame the market.
What you cannot create, you do not understand.
Will be interesting to see if earnings will be reported earlier with the new CEO.....currently projected at August 10th, 2017.
Glad to see that Sunworks is pointing out that they stuck through with Nevada: "Here today, Here Tomorrow" They should advertise this like crazy.
"Since 2015, a series of policy changes and net metering reductions led to economic uncertainty for both consumers and solar installers throughout Nevada. While many companies ceased doing business in the state, Sunworks stayed and continued its expansion efforts and working at a grassroots level to affect changes in local solar regulations. "
Well JN should call every government official in NV and let them know that they stuck it out and stayed to play while the big dogs stuck their tail between the legs and fled.
Those that stood by should get an extra incentive or at least free endorsements from the government. Maybe the elected officials could wear Sunworks Baseball Caps when they give public speeches or out there shaking baby's and kissing hands. (yes i did that on purpose).
CA Storms wettest water year so far in 122 years.
Between October 2016 and February 2017, California averaged 27.81 inches of precipitation, the highest average since such records began being kept in 1895, according to data released Wednesday by the National Centers for Environmental Information, part of the National Oceanic and Atmospheric Administration.
Must be Fake News Sandy
http://www.mercurynews.com/2017/03/08/california-storms-wettest-water-year-so-far-in-122-years-of-records/
Run baby run.
I thinks we hit bottom!!!!!