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You got the ITC expiration mixed up.
I don't like this pps action, but perhaps part of the reason SLTD is so vulnerable right now is that the new quarterly numbers have not been populated yet on the various websites/platforms.
I just checked and not one of the following has updated their quarterly income statements for SLTD for the third quarter.
yahoo finance ... https://finance.yahoo.com/q/is?s=SLTD
TD Ameritrade
nasdaq.com ... http://www.nasdaq.com/symbol/sltd/financials?query=income-statement&data=quarterly
Scottrade
CNBC.com ... http://data.cnbc.com/quotes/SLTD/tab/7.2 (select "quarterly")
Haha, what, you mean to tell me SLTD has more than 2 employees? I've seen the same/similar outdated info graphic on numerous SLTD "stories" in the past week or so.
Here is another link reporting Cowen upgrade: http://www.octafinance.com/solar3d-inc-nasdaqsltd-had-its-tp-increased-by-researchers-at-cowen-to-5-50/264192/?doing_wp_cron=1446841839.4639749526977539062500
Cowen has raised its price target to $5.50.
I'm thinking it will creep back up as the day progresses and expect it to close strong.
Ha! Definitely a money maker... but not for anyone who shorted this expecting it to go back down to $2.70 after earnings.
Wow. Wow. Incredible numbers.
JN's conference presentation is at 3pm Eastern. http://www.microcapconf.com/agenda.html
Interesting that he is presenting on the same day, and just 1.5 hours prior to, the Q3 conference call.
I wonder when the report will be filed... before or after JN's conference presentation. Seems odd that he would present the old info from Q2.
I anticipate at least $14M in quarterly revenue. I hope to see $16M+.
From the Sept. 8 shareholder update newsletter:
"[W]e believe that we are on target to meet or exceed the guidance for $40 to 45 million as our full year revenues for 2015, independent of new acquisitions or large new commercial contracts to come."
Additionally, in that more recent video interview of JN, he stated they anticipate beating annual guidance.
Thus far, first-half revenue was only $16.6M (1Q:$5.66M, 2Q:$11M).
That means SLTD needs to average $14.2M each quarter in the second half to hit $45M, or $16.7 each quarter to hit $50M on the year.
First quarter to second quarter was a 94% revenue increase. Accomplishing half as much increase (47%) for third quarter would get us to $16.17M.
Pre-market typically appears to be attempted manipulation, so I try not to get too excited about it. There is limited action, so it's easy to drive the pps one direction to bait people into buying/selling in reliance at the open.
I'm not concerned though. The past few days have started out lackluster as well.
On another note, you see that fortuneteller goofball on Stocktwits going on about 11/6 (and its possible connection to JN's religious affiliation)? He does make a good point though, as 11/6/2013 SLTD announced the Sunworks acquisition, and 11/6/2014 they announced the MD Energy acquisition. It also seems consistent with JN's strategy, to make a big announcement shortly after earnings release. The current pending acquisition was announced only 4 business days after the last quarter's earnings, and was preceded by 2 other PR's in the interim: 8/6- earnings, 8/10-record residential sales, 8/11-commercial projects, 8/12-Elite Solar acquisition.
If nothing else, the Director's Council looks to be a great networking opportunity.
http://iee.ucsb.edu/about/people/directors-council
Back to the Future?
On a side note, anyone else get inundated with SLTD annual-meeting voting emails last night? I got 6; one for each account holding SLTD.
A CALL TO ACTION... OR INACTION
To anyone who wants SLTD to prosper (and/or is holding shares long). If you (like myself) have picked up some extra shares during the recent drop merely to flip on the way up, please remove (or do not submit) any sell orders at $4 or less for the next week. If you sell any shares below $4 in the coming week, you will be hurting the company, as well as yourself, because it will unnecessarily increase dilution for the pending acquisition.
Of course, this assumes the deal closes as anticipated on/about Nov. 1.
The acquisition contract language:
If I recall correctly, the issuing share price for the new acquisition is based on average closing price of the 5 days preceding the closing. If we assume the deal closes on Nov. 1 or 2, then all of next week is important. SLTD has a substantial interest in its PPS moving up asap. I expect more PRs in the near term. Perhaps even a surprise earnings report filed during the trading day on Monday... showing we are expecting to blow through the annual forecast and have turned a small profit??? JN better have something up his sleeve.
EnSync and Holu Energy Begin Solar + Storage Project That Reduces U of the Nations Power Bill, Increases Grid Stability
Intelligent Distributed Generation, Energy Storage and Energy Management System Projected to Save University $2.4 Million
October 21, 2015: 08:00 AM ET
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, a leading developer of innovative energy management systems serving the commercial, industrial, multi-tenant building and utility markets -- and its Pacific region project developer Holu Energy -- today announce the start of a combined solar energy distributed generation and advanced energy management system project at University of the Nations, located on the island of Hawaii. The total system features a 412-kilowatt solar photovoltaic unit, EnSync's intelligent energy management platform and hybrid energy storage technology to lower the university's electricity costs via a 20-year Power Purchase Agreement (PPA), which was first announced on July 7, 2015. The state-of-the-art technology will provide the university protection against power outages, while also benefiting the electricity grid by easing pressure on it.
"After listening to the university's energy requirements, and considering the island's electrical grid, Holu and EnSync designed a system that will help them achieve a lower cost of energy, ensure electricity during outages, and support overall grid stability," said Ted Peck, CEO of Holu Energy. "We are excited about providing the university with technology that meets their critical needs without adding pressure to the electrical network in the area."
There is a growing market in Hawaii to improve resiliency by providing flexible energy management programs on the customer side of the meter that can keep pace with a changing technology market, as well as evolving energy policy and regulations -- both now and well into the future. Business vehicles, like the agreement between EnSync Energy Systems and University of the Nations, are examples of long-term strategies that help energy consumers maximize electricity bill savings in the face of evolving regulations and rate structures over the entire life of an energy project. Incorporating EnSync's distributed generation energy management platform and storage technologies allows end-users to maximize their energy savings independent of electricity grid limitations and policy constraints. In Hawaii, this includes the ability to seamlessly interconnect to the grid under the new "grid-supply" and "self-supply" interconnection options recently announced by the Hawaii Public Utility Commission, which replace the state's net energy metering program.
"After reviewing numerous proposals we settled on Holu Energy and the EnSync technology because it aligned well with our vision for the university," said Pieter Heres, Director of Campus Development for University of the Nations. "The advisory approach of Holu really helped us reach a solution that will not just bring down our costs, but reduces our carbon footprint, and allows us to feel confident we're prepared for an energy future with a lot of variables."
The new EnSync system also brings an environmental benefit of alleviating the need for diesel generators that would provide back-up power to elevators on the campus. In the state of Hawaii it is required that any building over seven stories must have back-up power. The solar photovoltaic distributed generation plus the EnSync distributed energy storage system achieves that requirement cleanly, and without the need for dirty diesel power. Increasingly, as in this project, the combination of PV and storage are providing benefits on both sides of the meter when compared to PV-only solutions.
On a university campus it's typical that a cafeteria is a larger source of energy load. At University of the Nations, this area also serves as a shelter for student and campus employees during an emergency situation. This program is structured so the installed renewable energy and energy management technology allows for long-term operations of that cafeteria and shelter in case of a grid outage.
"We took a comprehensive view of the university's energy ecosystem to design a system purpose fit for today, but also ensure that our technology meets the forecast requirements they have for years down the road," said Dan Nordloh, Executive Vice President of EnSync Energy Systems. "A key factor for EnSync is the Matrix Energy Management platform that is highly intuitive in the real-time management of electrons to always achieve the lowest cost and most efficient power, but it also knows how to handle an almost endless number of electrical applications and scenarios that can enter the pipeline over the next decade."
For this project, Kama'aina Solar Solutions, a Hawaii-based company, is providing the engineering, design and installation, and partnering with Holu Energy and EnSync Energy Systems.
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, is enabling the future of electricity with intelligent energy management systems critical to a global economy becoming increasingly reliant upon the expansion of renewable energy. Whether part of the grid power transmission and distribution network, or behind the meter in commercial, industrial and multi-tenant buildings, EnSync technology brings differentiated power control and energy storage solutions to electricity-challenged environments. Our technologies also serve as the system level intelligence in microgrid applications, by seamlessly integrating multiple generation and storage assets to deliver power in remote and community level environments not served by the grid, or areas electing to use the grid secondary to microgrid assets. In 2015, EnSync incorporated power purchase agreements (PPA's) into its portfolio of offerings, enabling electricity savings for customers and providing a stable financial yield for investors. EnSync is a global corporation, with a joint venture in AnHui, China at Meineng Energy, as well as a strategic partnership with Lotte Chemical in South Korea. For more information, visit: www.ensync.com.
About Holu Energy
Holu Energy LLC is a Honolulu-based energy systems project development company that provides Hawaii and the Pacific Islands with reliable and sustainable energy solutions. Established in 2015, Holu Energy services feature integrated, cost-effective and resilient energy options for commercial, industrial, utility and nonprofit entities. Holu is a partner of EnSync Energy Systems (NYSE MKT: ESNC), an advanced energy management systems company.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1223895.htm
EnSync, Inc. (ESNC) Names New CFO, Sales VP
EnSync, Inc. (NYSE: ESNC) announces the addition of key energy industry executives to the leadership team of the company.
Jim Schott joins EnSync as Chief Financial Officer. Jim has a diverse background in accounting, finance, investor and analyst relations as well as operations experience with energy leaders, including WEC Energy Group, and Integrys Energy Group, where he most recently served as Executive Vice President and Chief Financial Officer. Jim will oversee all finance and accounting activities within the company and will additionally be in charge of EnSync's investor relations function.
"I'm very excited to be joining EnSync," said Jim Schott. "EnSync's PPA development strategy creates exciting opportunities for new applications of structured financings and a great opportunity for me to apply my public company experience."
Rick Whisman joins EnSync as Vice President Sales. He has a strong background in solar project development for Commercial and Industrial ("C&I") building customers, including working as a Manager of Project Development at Powerlight Corporation, then Director of Commercial Accounts for the Americas at Sunpower Corporation, following the Powerlight acquisition. He has successfully penetrated and grown the solar business in the C&I segment with several Fortune 500 companies. Most recently Rick founded Sol Patch Resources, a California based solar project development company that has more than a dozen active projects.
"Market penetration of renewables with storage is just starting, and EnSync's product offerings and new product developments put EnSync in the lead to achieve a major market share position," said Rick Whisman. "I'm very pleased to have the opportunity to drive this effort at EnSync."
EnSync has successfully closed a number of contracts for distributed energy generation systems, services and components over the last 10 months. The contracts include grid-connected customer side of the meter systems and power purchase agreements (PPAs), microgrid installations, engineering services and successful integration of third-party storage products with EnSync's intelligent energy management systems.
"We're very excited to have Jim and Rick join us as part of the EnSync leadership team. They bring experience and competency that will help us get to the next level, where we scale our operations and sales of components, systems and power purchase agreements," said Brad Hansen, CEO and President of EnSync Energy Systems. "Their joining the company is validation that EnSync has the capability to attract key talent after a successful re-making of the company into a leading provider of distributed energy generation systems and services for commercial, industrial and microgrid applications."
The majority of EnSync Energy Systems' recent contracts are in the commercial and industrial building market segment. Greentech Media estimates that by 2018, the market for combined energy storage and distributed solar generation systems for commercial and industrial buildings will be more than $600 million in the United States alone. EnSync has taken an early lead in this growth market due to differentiated products and business model solutions.
"EnSync is well positioned to capitalize on the growth of the C&I building market segment. We will continue to ensure the company has the right talent and builds the sales channels and operational capability to capitalize on the great opportunity ahead of us. Jim and Rick will be key to this effort," said Hansen.
http://www.streetinsider.com/Management+Changes/EnSync,+Inc.+(ESNC)+Names+New+CFO,+Sales+VP/10980694.html
"One of the biggest thing[s] about this is SUNworks CEO Abe Emard will be coming here once a month to train YouthBuild students about solar," Hale said of the six-month program. "He talked about hiring up to three people at the end of the program."
http://www.appeal-democrat.com/news/habitat-goes-solar-at-its-marysville-facility/article_811ee9a4-72f0-11e5-97fd-93188c910059.html
Also, here is link to coverage on local tv news: http://www.kcra.com/news/solar-advancement-for-habitat-for-humanity/35848058
Solar3D Due Diligence Report: Growing in the Solar Energy Market - Small Cap Street
http://www.prnewswire.com/news-releases/solar3d-due-diligence-report-growing-in-the-solar-energy-market---small-cap-street-300158810.html
"We do not hold any positions and have not been compensated in any form for this press release and coinciding reports."
And from the report itself:
"SmallCapStreet.com has not been compensated for due diligence issued on any of the mentioned companies in this post."
Ensync is at the Energy Storage North America conference this week.
http://www.esnaexpo.com/attend/attendee-list
Nice find! But your post didn't make sense until I got to the bottom of the article, and read Holu Energy. Ha. Dang autocorrect.
Here's the link from that story that explains the link to Ensync, for anyone who doesn't know.
http://www.bizjournals.com/pacific/news/2015/08/19/former-hawaii-energy-office-chief-takes-on-new.html
Well, no new shares have issued in the past two months...
Shares outstanding as of Aug. 3, 2015, per 10-Q: 17,734,834
http://www.sec.gov/cgi-bin/viewer?action=view&cik=1172631&accession_number=0001185185-15-002045&xbrl_type=v#
From the 10/2 PRE proxy:
"On October 1, 2015, there were 17,734,834 shares of common stock (each entitled to one vote) outstanding."
"The close of business on *, 2015 has been fixed as the record date for determination of the shareholders entitled to notice of, and to vote at, the Annual Meeting. On that date we anticipate there will be outstanding and entitled to vote 17,734,834 shares of common stock, each of which is entitled to one vote on each matter at the Annual Meeting."
http://www.sec.gov/Archives/edgar/data/1172631/000118518515002484/solar3d-pre14a100215.htm
I have been loading up, and I will continue to do so at these bargain basement prices. Under $0.50 is a steal.
I was wondering why this PR had not come yet. Shane Mace was listed in the voting proxy the other day as a new director as of October 2015.
Jose, I think you're spot on that SLTD management is going to do everything in their power to get the share price back up to the $4 neighborhood before the deal closes, so they don't have to give out more shares than necessary.
They have been holding back on all news lately regarding business progress. I suspect they will go on a news onslaught, including releasing the quarterly revenue (profit?) numbers. I also don't think they would hold their first annual shareholders' meeting when the share price is in the tank, so that is further indication that they expect a pps increase before then.
As always, time will tell...
How is this not undervalued? The market cap is substantially below the cash on hand as of the conference call.
Nice finish here today. Hopefully it marks a trend reversal. The quarter has come to an end; can't wait to see what SLTD's numbers look like. Next acquisition is supposed to close no later than Nov. 1.
I hope we get another acquisition announced soon too. Others can complain all they want about them, but it's the fastest way to grow right now and take advantage of the federal tax credits.
Strong conservative republican support for net metering and rooftop solar:
Ha, yeah, I meant $2.80. And more today at $2.70. Still sucks for pps to be this low, but sucks less when you are able to pick up some shares.
Really need to update the intro here on IHUB, it still has old info and old ticker. This isn't just a zinc-bromide battery (ZBB) company anymore.
No surprise really, but games being played here. I just placed a buy order of 100 @ .585. The bid/ask at the time was .5808/.5809. I got filled at the bid price, .5808, which obviously shouldn't happen. There were no other trades at the same time, and the bid/ask didn't move.
So, annual earnings and conference call today after the close. Sure is quiet today. I like what I see from this company lately, and look forward to seeing the annual report.
Yeah, pps under $3 definitely sucks. But, hey, I just had my buy order filled at $3.80. If it keeps dropping, I have a couple more that will get filled. I'd rather the pps would bottom out here and move up and stay up, but I'm not above making a little extra cash on the side and I don't expect it will stay this low for long.
Nice 50,800 share buy at the close at $3.21.
The volume will be back. In fact, my opinion it looks like SLTD is ready to pop right now. Check out those tightened bollinger bands squeezing in. She's ready to go just like ESNC did for me yesterday. Same thing there, bollingers had just squeezed in tight. Yeah, I know, just one indicator, but, also, our MACD has crossed to the upside and our 50 day moving average is leveled off and looks to be just starting to turn back up.
A little attention/volume here, and up we go.
So, this event was yesterday. I'm surprised SLTD didn't PR it.
Ha: "...Solar3D, the Santa Barbara, Calif. company that produces technology for solar cells."
Technically, I suppose it is correct. SLTD has produced technology; but nobody is producing any product using the technology.
Oh well, PR is PR.
This uplisted from OTCQB to NASDAQ on March 4, 2015, following a 1:26 reverse split on Feb. 25