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

Still ticking up-it's not too late to join the party!!! This one will be a multi mega for sure-12 days to the end of quarter 3 and when those figures come out they will prove this is not a ramp!

ready for take off today!

excellent rise today - nice and steady throughout the day too!

Can't wait till those results come out :o)

talk of a buy note doing the rounds which would explain the huge vol yesterday,as usual PI's see it second.

10p pre-opening rise also noted, though that may prove illusory

off to a flyer with a 50000 MM buy.

Nice at the moment: SOLA Bid: 170p Offer: 172p Change: 4.5

Qtr 3 figures not far away-then light the touch paper.

Qtr 3 figures not far away-then light the touch paper.

then up like a damp squib? ... lol!

Unlikely, Cynic, or you wouldn't be holding ;o)

don't get burnt by damp squibs ..... only by falling into the bonfire when the rocket falls like a stick

Afternoon all. Just by way of giving the pot a stir, I've been exchanging a few thoughts about eventual earnings over on the other BB. SOLA should hit output of 125MW-worth of PV cells sometime in 2007.

A fag-packet calculation suggests the figures for a theoretical financial year sometime betweem 2007 - 2008 could add up as follows (based on figures lifted from the recent quarterlies):

full-year's EPS just over 40p,
on production of 125MW-worth of product,
for an SP of 568p a share,
at an arbitrary but hopefully reasonable PE of 14.

IMO, PDYOR, etc.

LONDON (AFX) - Buyers came for ReneSola in the wake of trading update and the shares advanced 10-1/2 pence to 182-1/2.

The manufacturer of wafers for the photovoltaic industry disclosed that all 54 additional monocrystalline furnaces planned for 2006 are now in full production, bringing the total number of furnaces currently in operation to 90, which is equivalent to an installed capacity of 80 MW per annum.

The first wire saw for the slicing of ingots into wafers has also now been

fully commissioned and is now fully operational.

Excellent news! Ian, thanks very much for the post as I am having difficulty accessing certain sources of info this morning.

and never mind 10p, here's the latest SP: SOLA Bid: 193p Offer: 196p Change: 22.5

ST

I genuinely believe that your 'fag-packet' calculations for forecast eps of 40p as posted above could easily be surpassed.

Even after the rise today the share price looks extremely attractive.

Ian

Ian,

I agree on both counts, but like to stay a little bit conservative with my estimates. There are too many punters on the other side coming out with figures like 10 a share without providing any support for their guesswork; also some people out there just don't have a Scooby-Doo when it comes to fundamentals, reading financial info, etc.

I'd prefer to revise my estimate upwards if the situation calls for it in six or twelve months' time. The potential four-bagger I believe I'm sitting on is already a good enough reason to invest.

Best of luck.
ST.

SCSW has reiterated their BUY standing this weekend.

But for me supply being wrapped up would seal a decent rise for SOLA I do believe (the effect is pointed to below in the opening paragraph), its one of their few possible weak points among an array of strong points.


http://www.digitimes.com/bits_chips/a20061003A4017.html


Motech: Monthly revenue setback due to equipment installation at new plant

Nuying Huang, Taipei; Esther Lam, DigiTimes.com [Tuesday 3 October 2006]


In response to market speculation about the impact of an unstable silicon material supply on the company's financial performance, Motech Industries reiterated that it has no concerns over raw material supply, and the temporary monthly revenue setback is just a reflection of the equipment move-in schedule at its new plant.

The solar-cell maker stressed that its self-sufficiency in raw material remains as previously projected, adding that marketers are too sensitive about Motech's monthly revenue fluctuations.

Motech said its monthly revenues have remained above NT$700 million since April, with April-to-June revenues even hitting record-high levels. The company explained that the setback in July and August revenues was due to a drop in working hours resulting from an equipment move-in at its second plant, while September's revenues were affected by a delay in the equipment-move-in schedule.

Some industry players have expressed concern regarding Motech's supply deal with the Norway-based REC ScanWafer since both parties are longstanding partners, and they worry that the new contract might be just a new version of the already established contract, with much of the agreed supply volume overlapping with the old contract. For its partnership with SolarWorld AG, industry players said the secured amount of silicon had not increased significantly.

However, given that the good news has now been around for a few weeks and the production is all but sold out for 2007, I would be surprised to see much action in the short term. In fact, there may be some weakness, presenting a buying opportunity for those of such a mind.

For 'cynic', you might know another poster called "gastrader" on a a rival site, here is the latest text from SCSW



SCSW finish their article with "Given the growth rate we can see the shares testing 300p in short order. Still a buy"

That's 60% upside from where we are now. Given the influence of SCSW on PIs, I think that statement is enough to get this testing 200 on Monday. We shall see. :-)

Anyway, here is the whole article for those that are interested:


Renesola gapped higher following a trading statement which said roll-out of its mono crystalline furnaces has been completed ahead of schedule and all 90 furnaces are operational (this was expected by the end of 2006). The companys commissioning of wire saws to slice the silicon ingots into wafers is also progressing ahead of schedule, with the first saw already operational, four additional saws being installed and the remaining 17 saws should be delivered by the end of 2006. Renesola also said it has entered into long-term sales contracts with three solar module producers. Over 90% of capacity for 2007 is now pre-sold. Broker Ambrian forecasts sales of US$90m and profit of US$22.6m this year, almost US$4m ahead of the forecast we included last month.

Given the growth rate we can see the shares testing 300p in short order. Still a buy.