CSKH - waiting for the sun to shine
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3 MM's trying to hold the line at .0457
884k volume out of the gate this morning. - Will this be a 4M volume day?
I think because of the financial crises all such big projects were canceled. CSKH still owns the 34 acres, its in their 10q's. Imagine a pr saying they are now going to go forward!
PD, if they do resurrect the Cantil solar farm, you can be the boards "boots on the ground"
the news on Japan's nuclear plants is grim.
The fact that they pumped in seawater as a last ditch effort to cool some of the most damaged reactors means those units plants will never come back online.
Now I know solar cannot replace convention generation, but those that have it will have some electricity versus none. Those shut-down plants on the coast helped supply the whole country. Their loss will effect the whole country, even where the quake damage was minimal to nonexistent.
ok, 05 this week!, lol
Clear Skies Solar initiates project engineering on Cantil solar farm
(02/26/2009) free RSS news feed from Solar News Portal
Clear Skies Solar, Inc. has initiated project engineering on an $11 million, 3.2MW solar farm in Cantil, CA, to be built on 34 acres of company-owned land.
Less than three months ago Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar, was quoted in the Wall Street Journal, stating that a California project was stalled due to a lack of funding. Since that time, module prices have fallen as much as 30 percent, reigniting stalled projects such as Clear Skies' Cantil solar farm. Decreasing upfront capital costs and a higher revenue stream now offer investors a higher return than ever before.
“Although this project will be smaller than initially anticipated, the use of thin film technology will offer our investors a substantially higher return, which investors are now demanding under current economic conditions,” said Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar.
“I anticipate that competing technologies and increased manufacturing capacity brought on by massive investments at manufacturing factories will continue to reduce the cost of module prices. Plus, as the Renewable Energy Credit and Carbon Credit markets continue to develop under President Obama’s administration, I expect to see the value proposition of these kinds of projects continue to grow in 2009.”
The improvement of thin film technologies and subsequent decrease in thin film costs are major contributing factors to the economic feasibility of this project. With a larger footprint than traditional PV panels, the use of thin film typically consumes twice as much land as polysilicon on a per watt basis.
Clear Skies Solar will continue to operate and maintain this solar plant for the next 20 years and expects to see recurring revenue from this management arrangement. The completed Biological Resource Assessment has found no evidence of protected desert wildlife, which is the main environmental issue that has the potential to hinder a project such as this.
What makes this Cantil property truly unique is its proximity to the utility substation. Although there are many undeveloped desert areas in California that initially look ideally suited for a solar farm, there are few locations close enough to a utility substation to make the economics of a solar farm project feasible.
“Since this area of the Mojave Desert offers extremely high solar radiation, is not prone to pollution, has minimal rain and has a steady wind factor to keep the panels cooler, we are expecting the output to be 10 percent higher than estimated on the industry irradiation tracking websites,” added Green. “This, coupled with our proven low installation costs and declining module prices, makes the Cantil, CA project an attractive investment for the multiple financiers that have approached us to become involved with this project.”
Clear Skies Solar is currently entertaining offers from several panel manufacturers who have approached the company to partner on this project, and plans to announce its chosen partner in the coming weeks; ground breaking is expected in the third quarter of 2009.
http://www.google.com/search?q=cantil+solar+farm
Ok I'll give it shot
Most pennies pop and subsequently downtrend for long periods of time. That happened the CSKH as well. Why does this happen - one reason, toxic floorless convertible dilution.
The CSKH story is that the toxic dilution that creamed the pps is exhausted, hence the uptrend now taking place. The company went public via a reverse merger in early 2008. The company was on a roll, doing large commercial solar installations. When the credit markets collapsed all financing for solar installations dried up with it.
The company saw pending installation contracts canceled and little to no work coming in. So they did a toxic convertible deal to raise enough cash to keep the company from throwing in the towel. In 2009 they only did $200,000 in revenues. Come 2010 all that has changed. They booked $5M in revenues in the first 3Q's. Company guidance is $15M in revenues for all of 2010 so we are expecting see ~$10M booked in 4Q, which will be reported on 3/31 in the 10K (17 days away)
So there you have it, a penny stock that does real business (not some cash burning start-up) that is seeing its revenue spigot opening up wide.
Another plus is that CSKH is a liquid stock, so a sizable position is possible
AS:330M
OS:172M
more DD #board-11635
http://solarisforever.com/2010/03/30/clear-skies-solar-discusses-future-growth-places-2010-revenue-at-minimum-of-16-million/
good question
Clear Skies Purchases CA Site for 8MW Solar Farm
06/10/2008
Clear Skies Solar, Inc. (OTCBB:CSKH), a provider of turnkey solar electricity installations and renewable energy solutions, announced the purchase of 34 acres of land in Cantil, California to be the future site of a $44 million 8-megawatt (MW) solar farm.
The 34-acre farm, purchased in collaboration with roject development partner California Sunrise, will produce electricity for a power purchase agreement (PPA), between Clear Skies Solar and the local utility company. Under this contract, the electricity produced at the farm will be sold for 20 years to the utility company at approximately $0.12 per kWh escalating at approximately 1% per annum.
"Clear Skies Solar's solar farm in Cantil, California is just the beginning of several large utility scale projects we're developing and executing around the globe," said Ezra Green, CEO and Chairman of Clear Skies Solar.
The attractive aspect of this property is its proximity to the utility substation, the company said. Although there are many undeveloped desert areas in California that initially look ideally suited for a solar farm, there are few locations close enough to a utility substation to make the economics of a solar farm project feasible. In this regard, the Cantil property is truly unique.
------
June 11, 2008 In yet another example of California's leading role in solar-power, Clear Skies Solar has announced plans to build an 8MW solar farm in Cantil. The project will encompass 34 acres of land and cost around US$44 million.
To be developed with California Sunrise, the Clear Skies plant will produce electricity to be sold under a Power Purchase Agreement (PPA) to a local utility company.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar said that the Cantil development is just the beginning of several large utility scale projects the company is undertaking around the globe. “It’s become quite clear, particularly in recent months with the price of crude oil reaching record-breaking prices, that our world is looking towards renewable energy as a solution to this global fuel crisis. Through the development of these strategic solar farms, Clear Skies Solar is hoping to alleviate this tension and expand our business to become a world leader in turnkey solar electricity installations,” Green said.
Clear Skies Solar is slated to close on the land contract on June 14, taking full title of the property at that time. It will then manage the property for the next 20 years and expects to see significant revenue from the project. An environmental impact study was conducted to ensure that protected desert wildlife would not be affected.
There are many areas within California suitable to host solar farms however, this particular location was chosen due to its proximity to the utility substation. This will help make the economics of the solar farm project feasible. No date for completion of the photovoltaic solar farm has been set as yet.
what bs?
when electric power is centralized, if it goes off-line millions are left in the lurch. Solar is one way to generate ones own electricity.
http://www.offgridsolar.com/
Treasuries Gain as Mideast, Libya Turmoil Bolsters Demand at Debt Auctions
By Daniel Kruger - Mar 12, 2011 12:00 AM ET
March 11 (Bloomberg) -- Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., discusses the outlook for the U.S.'s AAA credit rating. Gross, speaking from Newport Beach, California, with Margaret Brennan on Bloomberg Television's "InBusiness," also talks about the 8.9-magnitude earthquake that struck Japan and the Federal Reserve's quantitative easing.
March 11 (Bloomberg) -- Francisco Blanch, global head of commodities research at Bank of America-Merrill Lynch, discusses the impact of the earthquake in Japan and unrest in the Middle East on oil prices. Blanch talks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Treasuries gained, pushing the 10- year note yield to a one-month low, as fighting in Libya over control of oil installations and Saudi Arabia’s deployment of police to stem protests renewed the refuge appeal of U.S. debt.
Two-year notes rose for a fourth week in the longest stretch of gains since October before the March 15 meeting of the Federal Reserve. The Treasury’s sale of $13 billon of 30- year bonds drew the most demand since 2000. U.S. debt pared weekly advances yesterday on speculation claims related to Japan’s strongest earthquake on record may force insurers to sell Treasuries.
“What’s going on overseas is driving oil, which is making people reassess whether the self-sustaining recovery that we thought was coming is going to be affected,” said Thomas Roth, senior trader in New York at Mitsubishi UFJ Securities USA Inc. “We really didn’t even affirm that the economy was on solid footing, and now you throw this at it.”
Benchmark 10-year note yields fell nine basis points, or 0.09 percentage point, to 3.40 percent this week, according to BGCantor Market Data. The price of the 3.625 percent security maturing in February 2021 increased 3/4, or $7.50 per $1,000 face amount, to 102 6/32.
The 10-year note yield touched 3.33 percent yesterday, the lowest level since Jan. 31. The 30-year bond yield slid five basis points to 4.55 percent. The two-year note yield dropped four basis points to 0.64 percent after touching 0.59 percent yesterday, the lowest level since Feb. 1. It rose on Feb. 15 to 0.88 percent, the highest level since May.
U.S. Auctions
Turmoil in North Africa and the Middle East helped push demand for 30-year bonds at the $13 billion auction on March 10 to the highest since August 2000. The government also sold $32 billion of three-year debt on March 8 and $21 billion of 10-year notes the following day.
Bonds also rose this week as the Labor Department reported that U.S. jobless claims increased last week more than economists forecast, Moody’s Investors Service cut Spain’s credit rating and China’s export growth slowed.
“There’s a bit of a reappraisal of what’s going on in the global economy,” said Chris Ahrens, head interest-rate strategist in Greenwich, Connecticut, at UBS AG, one of the 20 primary dealers that trade with the Fed. “I’m hearing from customers that people are thinking about perhaps shaving their estimates for global growth. The thematic currents are shifting to a more subdued trajectory of economic growth, which I think has favored fixed income this week.”
People’s Bank of China Governor Zhou Xiaochuan said this week the government will use interest rates to control inflation, which rose at a faster-than-forecast 4.9 percent annual rate in February.
Decline in Stocks
The Standard & Poor’s 500 Index dropped 1.3 percent, while the Shanghai Composite Index decreased 0.3 percent. Crude oil for April delivery in New York slid 3.1 percent to $101.16 as barrel as Japan’s earthquake shut refineries, paring the gain over the past year to 23 percent.
After initial demand for the safety of U.S. government debt, investors now expect many insurance companies will sell Treasuries to help pay earthquake claims, according to Michael Franzese, managing director and head of Treasury trading at Wunderlich Securities Inc. in New York.
“You have a situation where assets have to be sold to pay claims,” he said. “It’s going to take a swath of international buyers out of the equation.”
Even as investors focus on the possibility insurance companies may need to sell Treasuries, the Bank of Japan may buy the debt to support exports by weakening the yen, according to Tom di Galoma, head of U.S. rates trading at Guggenheim Partners LLC, a New-York based brokerage for institutional investors.
Outlook for Japan
“They’ll buy Treasuries and drive the exchange value of the yen down to stimulate the economy and help exports,” di Galoma said. “One of the problems in Japan is production facilities have been damaged, and they’re an export-driven economy. Things are going to slow down over there.”
New York Fed President William Dudley said yesterday that while the labor market will pick up, he reiterated his remarks from Feb. 28 that “sustained strong employment growth” is needed to assure the recovery, echoing recent comments from Fed Chairman Ben S. Bernanke.
The Fed is about halfway through with its plan to buy $600 billion of Treasuries through June under the second round of quantitative easing. The Fed expects to buy $18.5 billion to $25.5 billion of Treasuries next week.
All of the 101 economists in a Bloomberg News survey expected the Fed next week to hold its target rate for overnight lending at zero to 0.25 percent, where it has been since December 2008.
Gross’s View
Investors aren’t being compensated enough for owning U.S. Treasuries, said Pacific Investment Management Co.’s Bill Gross, who runs the world’s biggest bond fund, in an interview yesterday with Margaret Brennan on Bloomberg Television’s “InBusiness.”
Gross eliminated government-related debt from his main fund last month as the U.S. projected record budget deficits. Pimco’s $237 billion Total Return Fund last held zero government-related debt in January 2009.
While the U.S. will retain its AAA credit rating for some time, yields on Treasuries are about 1.50 percentage points lower than they normally are, Gross said.
http://www.bloomberg.com/news/2011-03-12/treasuries-gain-as-mideast-libya-turmoil-bolsters-demand-at-debt-auctions.html
Madoff Says Entire U.S. Government a `Ponzi Scheme'
Feb. 28 (Bloomberg) -- Bernard Madoff, convicted for organizing a Ponzi scheme, criticized the U.S. during a recent telephone interview with New York Magazine. Bloomberg's Betty Liu reports in today's Movers & Shakers. (Source: Bloomberg)
http://www.bloomberg.com/video/67122488/
NEW YORK — Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.
"The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.
The interview was published on the magazine's website Sunday night.
Madoff did an earlier New York Times interview in which he accused banks and hedge funds of being "complicit" in his Ponzi scheme to fleece people out of billions of dollars. He said they failed to scrutinize the discrepancies between his regulatory filings and other information.
He said in the New York magazine interview the Securities and Exchange Commission "looks terrible in this thing," and he said the "whole government is a Ponzi scheme."
A Ponzi, or pyramid, scheme is a scam in which people are persuaded to invest through promises of unusually high returns, with early investors paid their returns out of money put in by later investors.
A court-appointed trustee seeking to recover money on behalf of the victims of Madoff's massive Ponzi scheme has filed a lawsuit against his primary banker, JPMorgan Chase, alleging the bank had suspected something wrong in his operation for years. The bank has denied any wrongdoing.
Madoff is serving a 150-year prison sentence in Butner, North Carolina, after pleading guilty in 2009 to fraud charges.
In the New York magazine interview, Madoff, 72, also said he was devastated by his son Mark Madoff's death and laments the pain he wrought on his family, especially his wife.
"She's angry at me," Madoff said. "I mean, you know, I destroyed our family."
Mark Madoff, 46, hanged himself with a dog leash in his Manhattan apartment on the second anniversary of his father's arrest. He left behind a wife and four children, ages 2 to 18.
At the time of his suicide, federal investigators had been trying to determine if he, his brother and an uncle participated in or knew about the fraud. The relatives, who held management positions at the family investment firm, denied any wrongdoing.
Bernard Madoff has maintained that his family didn't know about his Ponzi scheme.
Too bad there wasn't a lot of solar installed there to help offset the loss of power from the 7 nuke plants now off-line
1/3 of the Japans power generation is off-line - 4M homes and businesses with NO power.
wow, 7 nuke plants shut down in Japan
1/3 of the country's electric generation is off-line - 4 Million homes with no power. At least one plant will be idled for a year, the one that lost its cooling and is going to have to vent radioactive gas because of the high pressures.
http://www.bloomberg.com/video/67563000/
I now see the advantage of solar.
I'm betting breakout on or before the 31st when we get the Q4 numbers
This company is firing on all cylinders and swore off on all toxic financing!!! Management is loaded with .025 options and wants the pps UP.
Think 3rd wave! (elliot)
That it will. Once people see the value here they'll come onboard.
This stock is not going to pop and drop. Slow and steady is the better way anyway.
20days until the 10k!
Isn't google a great tool for DD
Not much here either....
http://www.google.com/search?q=seawind+group
all we need is for the crazy profits from PSPW's run this morning to find their way here.
A company with $250, in the bank just landed a $50M loan, to fund solar and wind projects.
If CSKH put out such a PR I wonder if we'd even move a penny. Its just crazy how the masses value companies down here in penny land.
L-II looks thin to .05
we'll see at the open if that remains true when ARCA, AUTO, and ETMM open up
nice find!
in due time I-hubbers will take notice.
Smart investors will enter before that happens.
Most penny stock companys are pipe dreams with a minimal chance at profitability (and never ending convertible or 504 debt).
NOT THE CASE HERE!
well they had "solar" in their name but they basically looking to buy a business with no cash?
"prospective" merger with the Seawind Group
Not much here....
http://www.google.com/search?q=seawind+group
Could be just your run of the mill penny stock smoke and mirror ploy.
CSKH is functining company in the hot solar installation space. Much less risk here imo.
One share of prime sun power will get you 10 shares of clear Skies, with a higher growth potential imo.
The seawind wind website looks like ploy to me
The big difference between these stocks is the investor interest. 166 posts on that board today, (270 boardmarks), only 30 here (64 boardmarks).
"buy the quiet, sell the noise"
how about that, the banks are ready to lead again - about time!
NITE stepping in front, bidding .0378
Do you have any evidence of that? installing solar is like redoing a kitchen - it takes CASH
from last March...
"With strong strategic allies and high level client relationships, we have developed a large outstanding backlog of proposals exceeding $100 million, much of which is in the sub-megawatt arena. These sub-megawatt projects should allow us to complete work more quickly and with a shorter development lead time, thus stabilizing our revenue generation. With this strategy in place, our shortened financing cycle, development and installation times, we currently expect to report a minimum of $16 million in revenue for 2010 with expected average project profit margins at 15%," said Mr. Green. "These forecasts do not include any Utility projects or Utility scale projects as the cycles can take several quarters to close making it difficult to anticipate start times."
CSS has been recognized as a premier solar design and installation company that continues to reach new levels of cost effectiveness. Because the organization has the proven capacity to construct systems at the rate of 200kw, approximately $900,000, per week using only its existing in-house infrastructure, it is expected that little or no additional staff will be needed to achieve the minimum forecasted 2010 revenue level of $16 million
numbers like that would blow the lid right off here!
both solar companies
one a start-up with Zero rev's and market cap of $15M (up 8x's off its jan low)
the other (CSKH) has a business up and running, market cap of $6.9M on what's expected to be $15M in rev's (up 2x's off its jan low)
You mean 2011 guidance right?
Guidance for 2010 was $15M, with $5M booked in the first 3Q's, so Q4 must be a whopper!
We'll find out 3/31 - THE CLOCK IS TICKING to get in cheap
DOMS now on the best bid at .038 (stepping in front of ARCA and MERQ whose bidding .0371) - he's offering .12
AUTO, TDA's MM is only bidding .031 - yee of little faith, lol.
ARCA and MERQ bidding .0371
UBSS and NITE offering .04
We need some ask slappage!
No one is selling at .0371, LOL
.05 by 4pm tomorrow!