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

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

cynic

i'm not saying the price will 'go up in a straight line' as you put it but that the trading range 450-500p is being held quite comfortably. Investors are buying in expectation of further 'good' news' that will support current prices.

'hope and greed'..nonsense basis for investing. Ive bought SOLA on its fundamentals and not for any other reason. Its earnings visibility and its positioning in a growth market makes it an ideal candidate as a exceptional growth stock. You forget the company have sold the next 2 years output plus over 50% of 2009! not hope and greed but solid fundies

f18

450 or preferably a bit below would suit me nicely (i.e. a nice turn based on my exit at 472) ..... 400/410 may well be a bit optimistic, though has been down there a couple of times in the very recent past.

cynic it as not gone up in a straight line!! retraced from 240 to test 180 twice.
Then after the share was rerated following the US roadshows it went from
5.09 to 380 that is not a straight line in my book.I would rather be in with an rns due anytime.

and greed got the better of me too! ..... but have left room for more in event of decent correction

any of you guys into Solar integrated technologies?...up 50% in a few days and could be another Renesola...my target is 300p...just 60p now

Solar Integrated wins 13 mln usd contract with Tesco USA for solar roofing
AFX


LONDON (AFX) - Solar Integrated Technologies Inc said that it has won a deal worth 13 mln usd with Tesco USA to provide a 2 MW building integrated photovoltaic (BIPV) roofing system for Tesco USA's distribution centre under construction in Riverside, California.

R Randall MacEwen, Solar Integrated's president and chief executive, said: 'We believe this will be the largest roof-mounted solar installation in the world. We are thrilled to partner with Tesco USA on their exciting entry into the US market. Tesco has a strong commitment to being a leader in helping to create a low carbon economy.

'Our BIPV roofing system at this distribution centre will produce over 2.6 mln kilowatt hours per annum, provide a fifth of the depot's power supply, and save 1,200 tons of carbon dioxide emissions each year.'

The firm added that it 'looks forward to working with Tesco on future opportunities'.

newsdesk@afxnews.com

Creeping up nicely since the beginning of the year . . . .

SOLA Bid: 480p Offer: 484p Change: 4.5

More like racing ahead now. Nice start to the day !