Good info on Jinko, although it seems like the big solar slide started before the Jinko news broke. I think some of this can be explained by not just an industry-wide solar slide. US companies: FSLR: peaked in Feb, "correction" starting in April, and a bloodbath starting in July, and it's getting creamed as I write this. GTAT: $17 in July, $8 and change today. SPWRA roared to $23 in July; $10 today. ESLR: 6 bucks in November, 6 cents now; a dead racoon on the side of the road on a hot July day.
Some Chinese firms: CSIQ was $15 in Feb, over $10 in early July, and it's crashing toward $4. Makes me seasick. HSOL: $12 in October, it it's been on a steady march to sub $3. OK, bad example--HSOL sucks. How about JASO: 8 bucks in Feb, $2 and change today. PE 1.7, and 4 stars from S&P. JKS: over $40 in November, 6 bucks today. PE 0.8. The pollution is inexcusable, but hopefully they can clean up their act and recover. LDK: $14 in Feb, $4 today. SOL: $15 in October, $2 and change today.
I think the Chinese solars are suffering a little more, due to pervasive distrust of corporate accounting of Chinese firms in general. Plus, some infamous hatchet jobs. Take ABAT, for example. Fell off a cliff in late March, and has yet to recover.
I know I'm repeating widely-known information here, but it gives me something to do while waiting for solar to recover.
AI
