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

Anyone for a peak of 600p on FY results?? :o)

IMO there are those astute investors who realise that SOLA are in an unique position. Motech and Solarfun's ability to expand their own productive capacity depends on their ability to source and procure sufficient quantities of wafers from a reliable source. Renesola is that source. Renesola also have developed a unique business model which provides them with a low risk method of generating huge profits by sourcing their own silicon from scrap sources and from their OWN CUSTOMERS! its just too brilliant for words. The key to a profitable solar production company is access to a long term and reliable supply of polysilicon. Renesola as that in spades and thats why the market as bid the stock to such a level.

Reckon the market will be offering SOLA out at a fiver on new contract announcements due very soon and with FY06 results out back-end Feb then? well, who knows

F18

did i say short? ..... no i didn't ...... did i say i would almost certainly buy on weakness .... yes i did ...... so please stop jumping up and down and read properly

Am I right in saying that the product is good quality & in great demand & the marketing without fault.
The grey area is the fact that many investors or analysts are not happy with accounting procedures in the Far East & therefore the figures presented to us are not necessarily accurate.
Hence the wisdom, imo, of not being too greedy & taking profit when the sp falters.

Excelent point HC.

The problem is the laCK OF HISTORIC DATA.

But cash flow in/out must b watched next results and that is the clue to the future for sola.

I hope you all make a mint. I really do.

Best luck to every one here .

HC .... how politely put re accounting procedures in China! ...... We walked away from a deal in China, because the company, though seemingly part gov't owned, had accounts that were somewhat opaque! ...... howver, you are also right to say that SOLA seems to have found itself the perfect niche (but am very glad to have banked a good profit!)

SOLA's accounts are audited by Baker Tilly. With MArtin Bloom on board I really can't see any issues at all with SOLA's accounting practices. Its customers would have executed due diligence investigations on the company before entering into extremely vital supply contracts so im very confident that SOLA, as a viable operating business entity, is kosher.

f18

GOOD! ..... it will give me some comfort when i buy back in, either at a lower price if my pullback occurs or higher if i get greedy! ...... meanwhile am well content having put that money into Dow and done very ok

Why "GOOD"?
The expected bounce has not occurred, so the decision now is to decide whether the sp will continue upwards & to get on board, or not.

SCSW tomorrow - SOLA update
RNS's to come:

New contracts signed with MOtech, Solarfun, Suntech as per Letters of INtent
FY06 results
Factory completion in 6 weeks

if the contracts are multi-million dollar contracts, which they will be, then we're going to the moon. MOtech's failed MEMC deal was reportedly worth $1.6bn over 8 years..so what do you reckon Motech are paying SOLA over 3 years..$100m pa / $150m pa?

all speculation but good speculation


f18

good was ref auditors ..... big Q is for how long can SOLA keep going up almost in a straight line ...... certainly not a share just to be bought and popped in the drawer

Cynic, I have mine in my drawer. They're between the socks and the cufflinks.

REC expect to earn over $900M (on 2006 wafer prices) from 2 plants on an output of 650MW starting from end 2008. SOLA will be doing 285MW by end 2007..do the maths = $410M back end 07-mid 08..thats (without dilution) $4/EPS (p/e = 3)..thats exceptional EPS growth over 18 months.. from t'other site..

f18

Forti, I thought it was going to be 180 MW by end of 2007 (see RNS of 10th Oct).

SORRY 265MW BY 2007..SEE RENESOLA.COM

SINCERE APOLOGIES

475P NOW ON AVAILABLE INFO....WHAT PRICE ON INFO TO COME?

F18

my latest info is 464/470 - i.e. fall of 8p on the day so far ...... that is not to say that SOLA is rubbish (it isn't) nor even that it does not have good or even excellent prospects ...... however it may mean that my prediction of a short-term pullback/consolidation is now under way .... we shall see ..... for myself, i may well be tempted back in at 435/440 which is where sp hits 25 dma, and even more likely at about 400

Forti,

It is more likely me who should be apologising. I somehow missed out on the expansion update on 30th November, in which SOLA announced they woukld be increasing capacity to 265MW.

Here's the text of it in case anyone missed out.

2007 Production Capacity Expansion Revision
On 10 October 2006 the Company announced that the planned production capacity for
the end of 2007 had been increased from 125 MW to 180 MW through the addition of
multicrystalline furnaces and wire saws.
Since that time, ReneSola has received letters of intent, primarily from existing
customers, to purchase additional monocrystalline wafers that far exceed the existing
monocrystalline wafer production capacity. In order to meet this demand, the
Company has increased the planned 2007 capacity expansion with the addition of a
further 85 MW of monocrystalline furnaces. Total production capacity by the end of
2007 is therefore now planned to be 265 MW.

Full text of that press release, dated 30Nov2006:

RENESOLA LTD
PRODUCTION CAPACITY EXPANSION UPDATE
ReneSola Ltd (ReneSola or the Company) (AIM: SOLA), a leading manufacturer
of solar wafers for the photovoltaic industry, is pleased to announce a significant
uplift to its planned 2007 production capacity expansion.

2007 Production Capacity Expansion Revision
On 10 October 2006 the Company announced that the planned production capacity for the end of 2007 had been increased from 125 MW to 180 MW through the addition of multicrystalline furnaces and wire saws. Since that time, ReneSola has received letters of intent, primarily from existing customers, to purchase additional monocrystalline wafers that far exceed the existing monocrystalline wafer production capacity. In order to meet this demand, the Company has increased the planned 2007 capacity expansion with the addition of a further 85 MW of monocrystalline furnaces. Total production capacity by the end of 2007 is therefore now planned to be 265 MW.

ReneSola has commenced the negotiation of sales contracts with customers for the
delivery of the anticipated output of approximately 50 MW of wafers during 2007
from the additional monocrystalline furnaces. The Directors expect that
approximately 75 per cent. of these sales will be effected under tolling arrangements where the customer supplies the silicon feedstock to ReneSola for processing into solar wafers. This will significantly reduce the Companys working capital requirement.

ReneSola has signed a contract and paid a deposit for the purchase of the first batch of 48 monocrystalline furnaces from Beijing Oriental Keyun Crystal Technologies Co. Ltd., which supplied all of the Companys existing monocrystalline furnaces. These furnaces are expected to be delivered in February and March 2007. The remaining 48 furnaces are planned to be delivered during the second quarter of 2007.

In tandem with the planned addition of monocrystalline furnaces, the Company has
signed a contract with NTC of Japan to purchase a further 25 wire saws, which are
scheduled to be delivered during the first half of 2007.

The facility of 10,400m2 currently under construction adjacent to existing facilities
will be used to house the new monocrystalline furnaces and wire saws. The facility
is expected to be finished in early February 2007. The new multicrystalline furnaces
purchased from ALD Vacuum Technologies GmbH of Germany and the wire saws
purchased from Meyer Burger AG of Switzerland will be located in the next phase of
facilities on which construction is expected to begin before the end of 2006.

The Company is currently in negotiations with a Chinese bank which has indicated
that it will provide facilities consisting of a term loan to finance the instalment
payments of the capital expenditure and a revolving credit line to finance the working capital requirements.
For further information, please contact:
In China:
Charles Bai, CFO
ReneSola Ltd
Tel: +86 573 477 3061, +86 573 477 3058
Email: charles.bai@renesola.com
In the UK:
Charles Ryland/Suzanne Brocks/Catherine Breen
Buchanan Communications
Tel: +44 20 7466 5000
Tim Feather
Hanson Westhouse LLP
Tel: +44 113 246 2610
Email: tim.feather@hansonwesthouse.com

cynic

you really do talk bull. With FY06 results in Feb and RNS confirming new sales contracts due very soon I cannot for the life of me see how you can possibly arrive at those targets. each to their own i s'pose

f18

they are not "my targets", but merely very simplified or even simplistic chart indications ...... whether or not sp falls to these levels remains to be seen; i am not remotely clever enough to predict ..... however, if they do, then i have set my agenda, which of course is not set in stone.

for you to say that sp will go up in a straight line for at least the foreseeable future, seems to have even less logic other than hope and greed, the two being pretty much synonymous