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

agreed 5 year end which is only a few months away!

3.50 should be next stop!

230 if you're lucky - see below

fuck it...tanking..bloody j boy crooks!

sola stocks hit in the US.

behave yourself maestro or you'll find yourself keeping company with the shoket

I have never ever bought this one...incredibly unpredictable....must have another look at this during the weekend.

it's a bit of a flake, but it's not too bad trading off the chart ..... PTH is much brighter than me on these things - i just use very basic MDAs and similar as indicators

http://www.telegraph.co.uk/finance/comment/6077374/China-powers-ahead-as-it-seizes-the-green-energy-crown-from-Europe.html
Quite a bit in moneyweek re. competition

China proposes guaranteed renewables market-Xinhua
Tue Aug 25, 2009 1:32am EDT

China legislators seen mulling renewables fund

Monday, 24 Aug 2009 07:35am EDT Featured Broker sponsored link

BEIJING, Aug 25 (Reuters) - Chinese lawmakers have proposed draft legislation that would establish state guarantees for the purchase of renewable energy production, Xinhua reported late on Monday.

The draft amendment to China's Renewable Energy Law, would, if approved, guarantee the direct purchase by the central government of an annual minimum of renewable energy for the state electricity grid, according to the Xinhua report issued The report did not provide any timetable or details for the legislation.

China is preparing a renewable energy stimulus package, and plans to raise the proportion of renewable energy to 15 percent of total energy consumption by 2020.

Currently, the buying of energy from renewable sources is left to state grids to negotiate with power producers.

The guarantees should benefit renewable energy companies including Suntech Power (STP.N), Trina Solar (TSL.N) and ReneSola (SOLA.L). Wind firms Sinovel Wind, Goldwind Science and Technology (002202.SZ) and Dongfang Electric (600875.SS) (1072.HK) would also be potential beneficiaries

The announcement comes after the news agency reported that lawmakers were discussing a new fund to develop renewable energy technologies. [ID:nPEK374521]

The fund would be financed in part by surcharges levied on renewable energy prices, and would be used to support scientific and technological research, it said.

China's renewable energy stimulus package is expected to raise its solar power generation target for 2020 at least fivefold, although it will remain a much smaller player in China's power mix than wind and nuclear sources.


http://www.reuters.com/article/rbssSemiconductors/idUSPEK24136120090825

Good historical support at the 140p level, which is also the current 200 DMA level.
Am hoping for a nice bounce.

certainly has some logic ..... do you have L2, as that way you can set an entry price very easily and also edit same as you wish?

No. But can set a limit buy on the system with Selftrade. Just a matter of picking a realistic buy price. Not very scientific but all I have to work with atm.

Anybody any idea why the sola stocks (SOLA; PVCS) have not taken part in the rally at all and don't look as though they are going to move?

Demand falling away due to the crunch, people realise solar and other so called alternative energy sources are very expensive unless subsidised by governments (taxpayers).

Thanks. Seems like a good theory. Did you eventually buy?

Waiting ... watching PVCS nearer to home and has a known track record.

Business Financial Newswire
"Panmure Gordon initiates coverage on the two UK-listed silicon wafer producers, urging investors to buy ReneSola (TP 235p) and sell PV Crystalox Solar (TP 60p).

The broker says industry revenue growth is set to return in 2010 but a core focus on cost reduction will be essential, as will greater geographic diversification to offset country specific risks to feed-in-tariffs.

Vertical integration should enable both, while China is the key market for cost reduction. All this favours ReneSola, especially after its acquisitions."

Soon be at 1p.

May be a buy then!

Business Financial Newswire
"Chinese solar manufacturer ReneSola reported third-quarter revenue ahead of forecast, rising 70.6% from Q2 to $140.9m.

Solar product shipments totalled a record 146.9 megawatts, an increase of 71% from Q2.

The company completed integration of Wuxi Jiacheng Solar Energy Technology following its acquisition in May. Approximately 11 MW of modules were shipped in Q3 with a gross profit margin of over 20%.

Loss for the period was $11.5m, compared to a loss of $2.9m for Q2 2009 and profit before tax of $37.9m for Q3 2008.

The company said increased expenses were partly attributable to the integration of JC Solar.

CFO Charles Bai said, 'We were pleased to see strong improvements in revenues and shipment volumes during the third quarter as we continue to witness strong customer demand and continue to gain market share globally.

'We are one quarter away from completely working through our high cost inventories. As such, we expect substantial margin improvements and a return to profitability in Q1 2010. "