Read the latest interims.......just make sure that you are sitting down.

Sola rockets on Chines Govt subsidy announcement yesterday.

All Chinese based solar related stocks surged 40% plus yesterday.
Sol was one of them and recorded even hiher after market moves.

i am reluctant to dust this one down, but it's worth looking at FSLR on Dow ..... in March, FLSR were down to about $85 but have now rocketed to $185+ on the back of some very good contracts

Now 177p !!! maybe the good ol' days coming back for this very tradeable stock.

Harrycat - where do you see this going from there it appears it broken out of the resistance level.

No idea really. Way back in 2006/7 we (the posters on this thread) used to trade this stock using the DMA's as our guide. There are numerous posts with opinions on chinese accounting methods and the dubious valuations being put forward, so the trick was to trade the stock and ignore the company fundamentals. Lots of people were happy to go long or short depending on the chart, so hopefully the volatility will repeat itself. I, for one, will not being buying & holding long term.

i rather agree with harry ..... form a chart perspective, the important indicator is that sp seems to have broken 200 dma with some impetus ..... assuming there is no reaction tomorrow (monday) a little flutter could be worthwhile

sp seems to have broken 200 dma with some impetus -

Please could you post chart ?

what do you think you see above????

Still going up. Must be worth a punt!
It's worth watching the U.S. chart as the two usually mirror each other (SOL:US).

Interesting research note here.....

http://www.schaeffersresearch.com/commentary/content/call+traders+look+east+to+ldk+solar+co+renesola+ltd+and+china+mobile+ltd+/observations.aspx?ID=93439

http://www.guardian.co.uk/world/2009/jun/09/china-green-energy-solar-wind

236-240p currently. I had 240p as the first resistance level. After that 280p??? Huge trading potential.

One thats slipped the net NOMURA with a new BUY rating......

ReneSola Ltd

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Nomura Code
08-06-09 BUY -35.48 -21.24 -21.24 -2.50

Edison Investment Research
24-04-09 None 75.73 33.15 72.40 39.45

Hanson Westhouse [R]
19-11-08 None 74.55 34.90

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -21.24 -2.50 0.00

1 Month Change -68.64 -28.18 0.00
3 Month Change -81.52 -32.91 0.00


GROWTH
2008 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS

2008 (A) 2010 (E) 2011 (E)

EBITDA m 11.37m 93.19m

EBIT m -10.56m 67.52m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER -7.89x -89.60x 7.17x

PEG f f f

Net Asset Value PS p p p

Huge solar projects on the way.....

http://seekingalpha.com/article/142617-china-becomes-global-green-leader-with-massive-solar-projects?source=reuters

Recentish article on sola....

http://www.schaeffersresearch.com/commentary/optionbytes.aspx?single=true&byteid=93383

BRIEF-Goldman downgrades Centrosolar, ups Solon
12 Jun 2009 - 08:04

June 12 (Reuters) - * Goldman Sachs cuts Centrosolar to sell from neutral * Goldman Sachs raises Solon to neutral from sell * Goldman Sachs cuts Solar Fabrik -price target to 4.4 EUR from 5 EUR * Goldman Sachs cuts Sunways price target to 2.5 EUR from 3.2 EUR * Goldman Sachs cuts Q Cells -price target to 21 EUR from 24 EUR * Goldman Sachs raises ReneSola price target to 215P from 160P * Goldman Sachs cuts Renewable Energy Corp price target to 80 nok from

95 nok * Goldman Sachs cuts Solarworld price target 25 EUR from 27 EUR * Goldman Sachs raises Meyer Burger price target to 225 SFR from 215

SFR

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

shutting the stable door springs to mind ..

Sell SOLA at 200p I would say.

Down to what level, hlyeo? 160p?

always depending on the markets of course, but 200 dma at +/-170 should provide some support