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You couldn't be more wrong about the importance of cutting install costs. Install parts and labor amount to approximately 26% of a typical install. That's $3900 on a $15000 job. Saving %50 of that is $1950. Profit margins of 9% to 15% are reasonable. At 13% that gives a profit of $1950. By saving 50% on installation you can double profit. That is not negligible.
Akeena/Westinghouse Solar appears to have been more concerned with growth and volume than with profitability. One man held a controlling interest in the company and as long as there was millions of revenue and a rising stock price there was no motivation for him to change. The Westinghouse deal and the failed merger popped the bubble.
The current management and board are not in the same position. The only path to wealth for them is to make their shares worth considerably more. Dilution hurts them as much as it hurts us but it is better than venture capital. I am betting that they are motivated to do what it takes to raise share price. The only question is: can they do it fast enough to avoid excess dilution, toxic venture capital, or BK. They are cutting costs and increasing revenue. I will wait a while longer to see what happens.
Please don't feed the trolls.
RANK COMPANY OVERALL RANK CITY STATE YEAR FOUNDED EMPLOYEES PRIMARY SERVICE TOTAL
MEGAWATTS INSTALLED TOTAL
MEGAWATTS 2013
1 Gehrlicher Solar America Corp 14 Springfield NJ 2010 50 EPC 115 80
2 MBarC Construction 19 San Marcos CA 2005 65 Construction Firm 158 44
3 Borrego Solar Systems 22 San Diego CA 1980 112 EPC 103.5 37.296
4 Cenergy Power 25 Carlsbad CA 2008 42 EPC 68 30
5 Main Street Power Company 29 Boulder CO 2009 30 Developer 56.696 25.3
very interesting
Everyone else will be playing catch-up. It will be very hard to match the Andalay systems without infringing on patents. For most companies it will be easier and cheaper to use Andalay. They have at least a few years before they need to introduce the next big thing.
short volume changes very rapidly.
there were 3,394,888 shares shorted Tues. and the number dropped to
190,255 on Friday.
or a new blackberry passport.
The entire apparel and shoe industry subcontracts the manufacturing or it's products. They are in fact sales and marketing organizations. Does this make them shell companies not capable of making profit?
What about Apple?
Or Google, Facebook, Twitter? They make nothing and own nothing. What makes them so profitable?
Sales and marketing is where the money is at.
I've been chasing the rumor that Mad and Jeff are two of the dominant voices inside of spinmaster's head.
There is expertise to share with small and large installers. From sales and marketing of Andalay patented improvements to on the job installation help.
Margins are low industry wide. Andalay has value added and can charge more per panel.
Don’t wait ‘til fight or flight kicks in before minding the breath. Controlled breathing not only keeps the mind and body functioning at their best, it can also lower blood pressure, promote feelings of calm and relaxation, and—if we play our lungs right— help us de-stress
There is no margin in panels.
Mom and pops companies will buy from andalay for service, support, and expertise. Big companies will license the patented hardware and purchase some specialty hardware.
this is what happens when the short interest is 69% of volume
Why would a company like Hyundai even allow Chan in the door not to mention sign a partnership deal?
looks like they negotiated that 3.7 million down to 25% of face value, and have been issuing shares (the dilution we saw last year. The remaining is valued at approximately $660,000.
In June 2008, Suntech invested in Global Solar Fund (GSF), a company investing in power plants in Spain and Italy. In May 2010, Suntech guaranteed a finance arrangement of 554.2 million euro provided by China Development Bank to companies related to GSF, using 560 million euros in German government bonds from GSF Capital as collateral. However on 30 July 2012 Suntech revealed that the bonds didn't exist, they were apparently forgeries. In the following week, Suntech shares lost 40% of their value
Suntech, defaulted on $541 million of convertible bonds in March 2013.[27] On March 20th, 2013 Suntech filed for bankruptcy in Jiangsu, China.[28] In February 2014, Suntech filed for Chapter 15 bankruptcy in Manhattan, New York to seek protection from U.S. creditors.
There is more. but you get the idea. Suntech is in no state to demand payment from anyone.
Still think Chan bankrupted Suntech? Before the investment blunder they sold a lot of panels. Probably upwards of 20 million.
I am not going to read the Q on my phone at work, but I will guess. Suntech and eeg?
True, but it sheds light on the current topic of partnerships.
" As a result, Andalay Solar has a number of new prospective customers within the top 20 largest installation companies in the United States who are undergoing technical review and evaluation of its plug and play solar solution. "
so, issue a mou or letter of intent to formalize the relationship during the review and evaluation phase , which is now.
Even if they are just a leading supplier of racking hardware we all make money.
OK, we lose about 20% or thereabouts. A letter of intent helps to protect us from being used. Plus, a legal, signed document with a check attached is a hell of a closing signal.
Chan was instrumental in Suntech's sales growth. The collapse of the solar industry and of Suntech was hardly Chan's fault. Chan and Kwok turned NRG's residential solar around. I don't know why they were let go and I don't care.
If Chan is the kind of guy that can build but has trouble with maintenance that is fine. I will be selling on the way up.
Of course nothing is guaranteed. That's why this little company is so much fun. We are talking ever increasing levels of maybe.
One reason why Korean and Chinese are careful when developing business relationships.
The Korean term for losing face is "??" ("mangshin") using a character (mang) that means "death" (?? ?) and a character (shin) that means "body" (? ?). If clearer examples are needed, let me say this: The same (Chinese-root) "mang" is used for physical death and the same "shin" is used for a physical checkup.
Thus we can say that losing face is equal to death. Or at the very least, "I almost died" and not in the valley-girl or ironic sense.
We use letters of intent often. Always money changes hands. Rarely does it fall apart. It's like an engagement. The two parties get to feel each other out before committing fully to a long term relationship.
Did you miss this?
The buyer, one of the five largest commercial solar installation companies in the U.S., has ordered from Hyundai Heavy Industries over 1MW of the upcoming Hyundai TG-Series modules which feature the Andalay Instant Connect® frame, and in turn has ordered from Andalay Solar over 1MW of commercial flat-roof mounting hardware.
"I'm pleased to see early demand for the new Hyundai TG-Series module. It's a great vote of confidence coming from a top installer in the industry to take the first modules manufactured by our new partner, Hyundai Heavy Industries
So Hyundai will manufacture the panels with Andalay frames and the installer is also buying Andalay flat roof mounting hardware.
That sounds about right to me. A company I worked for in the '70's had a similar situation. We signed an agreement with a major player for a similar amount (adjusted for inflation). We received a payment equivalent to $50 million upfront for exclusivity rights and about $5 per piece on equipment that costs about 60% of what a solar panel costs. There are way too many variables to be sure, but it gives me a general idea.
Look at the L2 data.
Heavy short interest again today
Earlier sell side has switched to almost all buy side
Is there a short squeeze coming?
there are a couple of 1 share trades and a bunch of really small trades. Somebody(s) are paying $7 commission for .016 trades!
I've worked for young growing companies that have done close to this in 3 years. It is quite possible.