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Actually, Enphase was partnering with Westinghouse solar, Canadian Solar, and Jinko a decade ago. Barry Cinnamon developed the instant connect panel while CEO of Akeena Solar. There was much promise, but much drama. They partnered with Hyundai but didn't have the capital or management or plan to profit. They got into toxic financing and then massive dilution. They made a bunch of mistakes, but they got the idea right. Integrated AC panels are a great idea. They are no longer in business.
Money in the bank, reduced burn rate, sensible strategy that makes use of the efficiency of the long tail in specialty trades, new aggressive management and sales force. I'm not all in , but I'm in.
I agree. I was surprised by their progress in the commercial end of the business. Let the other companies have the military.
3333.33333333333333... is a more appropriate number
Shorts gonna get squeezed
I love the idea. It has so many advantages. But, the company lose 20M a quarter and have 29 M in cash. One of their largest customers just declared bankruptcy, so we don't know what is going to happen with the accounts receivable or the revenue going forward. They are going to run out of cash at a time when their stock is cratering. They may survive, but your stock price will not.
I have noticed that Roth is not above pumping a questionable stock, and shorting a promising stock into oblivion, but this doesn't change the fact that the Plug has always paid the bills with our money, not with money from profits.
Well, he conveniently left off the part about 300,000,000 more stock to be issued after the stockholders meeting. What difference does it make to me as a (former as of today) stockholder if they make a profit if my shares have been diluted by more shares than are currently outstanding. Plus, preferred shares and executive compensation shares. At what point do they need to stop screwing last week's shareholders and actually make a profit that can contribute to growth.
How can they justify 7 million dollars a year in executive and director pay and bonuses on 15 million dollars revenue in a quarter and 24 million dollars in loss. They should all be fired.
The technology is maturing, the deal with Amazon will drive revenue up, but I closed my long position today because they are going to get 300,000,000 more common shares authorized at the upcoming meeting. They continue to give huge executive compensation and fund growth through dilution.
Why are we at PE of 8 when the average of all sectors is currently over 100. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
I guess I am old fashioned. This company has increasing revenue, increasing gross and net profit and doesn't appear to be mortgaging the farm to get it.
They have the right idea but are on the wrong track.
Welcome to the solar-coaster.
I sold all of my small position today. I love the technology but see a rocky road ahead for the company.
They are on the path to a $70,000,000 loss this year.
Revenues are down from 2015.
Margin is half of 2015.
Expenses are up.
2 large financing events with a firm that specializes in "rescue" financing that furnishes capital to avoid restructuring or insolvency.
Massive dilution.
They are executing a cost-cutting plan while trying to bring to market two critical products on time and on spec. This would be hard enough under normal circumstances but cut backs and surprise lay-offs will make this tougher. You have a company that was filled with idealistic techies doing their part to save the world. Now they are in dire straights with a management focused only on money. I guarantee you that morale is in the toilet. Reduced staffs are working 60 hour weeks with no end in sight. Their stock options have cratered. Soon if not already the good ones will abandon ship leaving the least motivated and capable to do the most difficult tasks. They are not going to get the next generation inverter out in time so management will ship whatever they have and deal with the problems later. During the conference call we were promised deals with LG, Jinko, and one other manufacturer starting early or mid 2017. They can't afford to not ship so they will ship whatever they have.
will another 17 million qualify as enough?
More dilution and more financing. Are they financing growth or debt? This new filing scares me.
I'm beginning to think this has been a con since Southridge got involved. No money has actually changed hands, just shares. Same game just more shares at a cheaper price. I wonder who did the professional services that they are getting shares for.
This Schedule 13D is being filed by Tarpon Bay Partners LLC, a Florida limited liability company (“Tarpon”), with a business address of 17210 Germano Court, Naples, FL 34110, and Mr. Stephen Hicks, who is the Manager of Tarpon. Mr. Hicks is also the President of the Issuer and a member of Issuer’s board of directors. Mr. Hicks’s principal occupation is that of Chairman and Chief Executive Officer of Southridge LLC, with offices at Executive Pavilion, 90 Grove Street, Ridgefield, CT 06877.
Looks like Tarpon Bay and Southridge team up quite a bit. This could just be more manipulation.
And how is it possible that less than 9.99% of the company could be worth $900,000? This company has a market cap of 100,000 and falling.
I don't understand where money for attorneys came from, and why they would take shares as settlement. No product, no employees, shady management, no phone number or location, no sales, no inventory.
I'd like to believe you.
Citigroup, the world’s biggest credit-card lender, ranked second-to-last out of 10 companies in a J.D. Power credit-card customer satisfaction ranking last year. AmEx slid to second place behind Discover Financial Services after holding the top spot in the first eight years of the survey.
I see nothing's changed here in the kiddie pool
I'll start buying when these clowns are gone. Love the bikes, but.
isn't all investment essentially free cash?
go ahead and bash Andalay, but how dare you bash diacetylmorphine.
Then they would just file for more. Most likely is that they don't need it.
Better cover your shorts
We have discussed this dilution ad nauseum. We know exactly what the maximum will be. If they take the maximum it will roughly double the share count. It won't matter much in the long run. We know what the investment will be, and we know that this product is set to become the standard of the industry in the hottest sector. We will see exponential growth for linear investment.
Fine, I don't know much about t-trades, but I do know quite a bit about the solar industry.
Better sell your short shares now.
We have been told that another tier one manufacture will certainly announce this year.
If you knew anything about manufacturing you would know how big a deal this is. Before manufacturing the first panel there is evaluation, testing, certifications, prototype, pilot plant, assembly line design and testing, materials testing and supplier contracts. Multi-billion dollar companies do not enter into this lightly and are planning for a certain volume of sales to justify the investment. And lest you forgot, the Hyundai deal starts at this level. " new Hyundai-branded TG-Series solar modules are expected to use 60-cell monocrystalline or polycrystalline technology (255w-280w) with a black Andalay frame, and will be manufactured in South Korea with an initial annualized capacity of over 50MW."
the new partner will show up when they are at a point in the process where the partner feels comfortable with the announcement
In the conference call, (starting at about 29:30) Wei-Tai said:
"We've been bringing in partners".
He also said that the homeowners are not making the decision of which hardware to install, but the lease companies and banks are making the decisions. With Hyundai instant connect panels on the ground they could now start penetrating the 90% of the market that uses the new leasing model for solar.
As for the other partners, Wei-Tai said:
"We do not have any other public updates at this time for the other module partners...You will certainly be seeing our announcements or their announcements as 2015 continues to roll on.
He did not say potential partners, he said partners. Certainly we will see these announcements soon.
We have discussed this before and yes, from Andalay's standpoint there is no profit in panels. They are too small. Canadian Solar returns as good profit on a large volume. Canadian solar typically runs around 20% gross, and returns over a dollar per share. These larger companies have no need or desire to reinvent the wheel. If Andalay has a product that increases sales or margin then they will pay for it. But, they need to be sure before committing to the costs associated with the change. They need to test, and to get feedback from their customer base. They need the tests and certifications. Hyundai has gone as far as manufacturing a large number of the Andalay panels, and have hinted at much larger volumes at the next step. They are far along in the process and will pave the way for other large manufacturers.
Listen to the conference call. Steve said that they have been working on the Hyundai deal for a year. That means they were very deep into the process before they issued the first PR. Much of the cost of this last year has been the testing and certification process, and the patent process. Now that they have achieved these milestones, they will be freed to move to the next level.
The price got bumped back down by a $35 trade