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Thank you. Exactly what I was looking for. I remember that I sent JN an email after I read that. I believe he may have gone into more detail in a conference call saying that this included things like building out their IT infrastructure and Software portfolio. I currently work in IT for a construction company (project oriented) and enterprise level software is not cheap. Maybe I'll shoot JN another email for clarification.
From what i recall (i wil double check in the morning) a portion was set aside for operations.
Market Cap is the only way to make comparisons. We are at approximately .146 pre-split including dilution. If I remember correctly, we hovered around that price for a while pre-split with bumps up over into the .20 range for the most part.
We are NOT at .11 pre-split... I hate seeing this pop up every so often. You have to take into account dilution before making comparisons.
Post 50701
Yes I sent them a message, I'm sure they'll get it worked out.
Doesn't look like I ever received anything from eTrade. If I didn't I wonder how many others never did as well?
Where do I get my control number from?
Solar3D Issues Revenue Guidance for 2016 of $100 Million
Revenue Projected to exceed $100 million due to continued rapid organic growth and the anticipated closing of the acquisition of Elite Solar on December 1
Roseville, CA – November 23, 2015 – Solar3D, Inc. (Nasdaq: SLTD), a leading provider of solar power solutions, has issued guidance for 2016 stating that the Company expects to generate revenues exceeding $100 million for the year ending December 31, 2016. That figure, an increase of 100% when compared to the recently issued guidance for 2015, is due to the Company’s growth trajectory, the acquisition of Elite Solar, and strong financial success that included triple digit year-over-year growth and double digit sequential revenue growth as well as a strong sales backlog.
Solar3D has grown exponentially since January, 2014 when it initiated its growth-by-acquisition strategy of consolidating profitable solar companies with strong leadership and complementary areas of expertise. The Company recently announced revenue of $19.7 million for Q3 2015, more than triple the $6.4 million reported for Q3 2014 due to strong SUNworks organic growth and the addition of MD Energy. The organic growth of these two operating divisions, as well as the Elite Solar acquisition anticipated to close by December 1, position Solar3D as a dominant player in California and Nevada, two of the hottest solar markets in the United States. Last week, Elite Solar reported that it had secured over $7 million in new contracts, adding to an already substantial pipeline, and with an extensive sales pipeline that it expects to close in the near future.
“We issue this guidance as a reflection of the tremendous hard work by our executive leadership in identifying strong companies for consolidation, as well as the execution at the customer level by these subsidiaries,” said Jim Nelson, CEO of Solar3D. “The collaboration between existing operating divisions SUNworks and MD Energy has allowed the Company to secure larger projects in key regions within sectors spanning commercial, residential, and agricultural. With Elite Solar expected to close this month and future acquisitions on the horizon—the revenue of which is not included in this guidance—we believe in our ability to continue expanding our reach of services into additional high-growth markets. We remain committed to establishing ourselves as an industry leading solar company that delivers cost efficient results for our customers, and long-term value for our shareholders.”
About Solar3D, Inc.
Solar3D, a leading provider of solar power solutions, is focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Through its wholly owned subsidiaries, Solar3D is one of the fastest growing solar systems providers in California, delivering 2.5 kilowatt to multi-megawatt commercial systems. Solar3D's technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.
To learn more about Solar3D, visit our website at http://www.Solar3D.com.
Good article. I liked this quote:
" If our goal is to diversify and decarbonize our nation’s energy portfolio, why would we eliminate the credit before removing billions of dollars of subsidies for fossil fuels? If our goal is to provide more consumer choice and lower electricity bills, why would we want to cut off the credit just as it is starting to benefit America and its households?
If our goal is to create tens of thousands of new jobs, the 30% credit should not be allowed to expire just yet. It’s simply working too well."
Time will tell. For every Einhorn there is an Elon Musk that does believe in the industry. I bet that Einhorn will buy back in early next year.
Obama already is trying to extend the credit permanently in the 2016 Budget proposal along with increased solar funding in other areas. There are also other bills floating around that propose a 5 year extension.
I'm a betting man and think that the ITC credit will get extended. Hopefully the prospect of it not getting extended shakes out some weak hands and provides even more value to buyers like myself. Obama will make sure it gets extended before his time in office is up.
I think your projections for next year are low. Only $40 million next year from current companies? We are going to easily surpass that this year. I am expecting more like $75 million from current companies and $25 million from Elite plus any other acquisitions. $100 million revenue next year is a great target although it may be difficult to reach. They've doubled every year but at some point that growth rate can't continue.
Similar to me with Tesla. I bought in after the initial drop from the IPO at around $22 per share. I ended up selling in the mid $30's. Now its well over $200. I sold to buy an engagement ring so I guess it had its perks?
Exactly. Anyone know of any??
What companies out there are directly comparable to SLTD? It seems like most of the solar installers are lease based or both manufacturing & installation. Are there ANY other profitable solar installers that don't use a lease model?
Apple contracted Foxconn to manufacture Apple products per Apple's specs. SLTD could go this route if they'd like but then they would have to fund the tooling etc (which is what I think you are saying). SLTD does not want to go this route, they want to license the cell and have the manufacturer take on the risk on the manufacturing side. Maybe they will end up finding someone but the financial liability in a deal like this is huge.
Apple products are manufactured by FOXCONN.
Our market cap is barely edging out our projected revenue for the year. Add in our $10 million in cash, the revenue from Elite for the month of December, and you can see that SLTD is undervalued (at least in my opinion). I think Cohen's $5.50 price target is spot-on... for now.
That's awesome I used to work for them! ..and research SLTD while on the clock...
Remember, in the investing world, a short-term investment is 1 year or less. People who expect this to jump to $5 over night are delusional.
Long and strong.
As Carl has been saying for some time now, this will continue to trade in this manner until we stack solid numbers quarter after quarter after quarter... Price stability comes with institutional ownership and trust.
Looks like I missed the sell off. Kind of expected, this will keep trading like a penny stock until we got some more institutional investors in here. Looking strictly at financials, this is a no-brainer. Keep buying the dips!!
Backlog now at $29 million. Wow. Even with this huge quarter we still managed to increase our backlog.
Amazing numbers. Net profit and yearly goals look like they will be smashed. Net profit for the year looks like a real possibility.
We were about $4.21 on August 5th. Had a huge drop along with the rest of the market mid-August. Getting back above $4 definitely isn't out of the realm of possibilities. Profits will start to draw the attention of the big boys. A profitable 4th quarter and EOY numbers will set us on fire.
I agree, who knows what happens if we post a profit this quarter?
Anyone else think that warrants might be a quick way to almost double up if earnings are good? Trading (theoretically since there is 0 volume) at around $1.15 right now. I could easily see it hit the $2.00 - $2.50 range on positive news.
ELITE MERGER DILUTION BY THE NUMBERS - REPOST
I posted this a few months ago but thought it was worth revisiting. You can see my 'low' target price of $3.00 was not low enough but hopefully next week will bring us up to that level.
As you can see, I expect this to end up at around 10% dilution all said and done. Not bad at all for a company that will add more than $20,000,000 in revenue and expand our presence in the industry. Cheers.
The original post is #49604
Long and strong. The silence is refreshing. Anyone have any insight into Fresno at this point (sorry to bring it up just curious). It doesn't look like it's a priority for them and I didn't see anything scheduled for this Thursdays meeting.
How many shares were actually traded at $2.00?? Anyone who bought earlier this morning is way in the green already.
I thought your deduction was fairly reasonable and it wouldn't surprise me at all. I'm with you in believing that the cell is icing on the cake at this point... and I don't really like icing all that much.
Don't you love it? Flash sale!! You pretty much can't go wrong with almost any Solar stock right now. Most are trading at new 52 week lows for no reason other than an irrational tie to oil prices.
I couldn't get everything free in time buy did find some ammo. Added more SLTD as well as initiated a position in CSIQ. Looks like things are recovering a bit.
I need 1 more day for my money to clear ahhh
This gets discussed every few months. Try taking a look at some of the posts from earlier this year and you'll have a bunch of reading material.
I agree I am too. I heard SCTY and the "leasing" model getting reamed out on CNN a little bit ago. Hopefully investors are looking for a successful and growing cash/loan based installer... I wonder who fits that description?
Manufacturers are a steal right now too!! I'm waiting on the sidelines til Monday or Tuesday and then I'm buying solar across the board. woooo
I was looking more at some of the major players, all of which seem to be at or near 52 week lows: CSIQ, SPWR for manufacturing and of course the big dogs: SCTY and SUNE on the installation side.
Great buy opportunity for a bunch of Solar stocks. I'll use this as a chance to get in on the manufacturing side as well as more SLTD.