The accompanying table presents 10 small and micro-cap companies from a variety of industries which are trading at value parameters, with average valuations for the group of 0.54X trailing 12-month sales, 0.44X enterprise value to sales, 0.88X book value, and 8.7X trailing 12-month earnings. The iShares Russell 2000 Small-Cap Value ETF (IWN) has lost about 39% in the past year and serves as a useful ETF benchmark comparison for these companies.
Despite a trio of downgrades since Halloween, shares of Canadian Solar (CSIQ) offer an excellent opportunity as a high beta buy if you believe the late-day market rally will continue. I bought some shares today at $5.35 and for a while it looked poised to plunge much lower with the overall market until the massive, late-day rally led to double digit gains and saw the stock briefly trade over 7 bucks from an intra-day low around 5 bucks.
President-elect Barack Obama has often repeated his stance on alternative energy. He plans to spend $150 billion over 10 years on alternative energy, not only as part of his energy independence plan, but also in order to help clean the environment, and perhaps most important of all, to create 5 million new jobs.
With Obama winning in the polls, it is no wonder that on Tuesday solar stock prices soared: SunPower Corporation (NASDAQ: SPWRA) finished the day up 14.6%, Suntech Power (NYSE...
Earlier this week Canadian Solar (CSIQ) increased the mid-range of their revenue guidance by 13%. Then, that same evening, they announced that they were diluting shares by offering 3.5 Million new ones at $34 each. A significant dilution. The shares surged, then have since pulled back - appropriately.
But take a look at this, the last four quarters earnings are, according to Yahoo Finance, in order:
When a sector is booming, consolidation and takeovers start to pick up as well. Take a look at the networking and semiconductor sectors in the late 1990s, and the internet sector in the early 2000s - several good companies were taken over by industry leaders, such as Cisco (CSCO), PMC-Sierra (PMCS) and Google (GOOG). These companies accelerated their growth by acquiring many smaller competitors. This is a must-step for a sector before it becomes mature.
As an investor, the difficulty is how to spot a company that is a likely takeover target. This can bring massive profit if it does happen, a
After the close Monday, Canadian Solar (CSIQ) announced plans to sell 3.5 million common shares, raising the company’s expected fully diluted share count to nearly 40 million shares, (32 million shares as of last report + 4 million shares from the forced conversion + 3.5 million shares from the announced secondary) and its enterprise value to nearly $1.6 billion.
Given our past discussion concerning the financing needs of several polysilicon-based module manufacturers, we were not taken aback by CSIQ’s latest secondary announcement, however we were somewhat surprised by the company’s financ
It is nice to finally be in a solar stock that understands how to manage Wall Street, unlike a stock we own that shall remain nameless - Canadian Solar (CSIQ) out with a Q2 revenue increase. However, no increase to earnings guidance.
Canadian Solar Inc. said Monday it expects its second-quarter revenue will be higher than the solar cell maker and analysts previously forecast. (under promise, over deliver)
The company, which is incorporated in Canada and conducts all manufacturing in China, expects to report sales of $210 million to $214 million, up from its earlier forecast of $185 million t
With a predominantly bullish outlook, we maintain our Buy recommendation on CSIQ with a six-month target price of $41.75. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to se...
7/14 - "Canadian Solar (CSIQ) announced plans to sell 3.5 million common shares, raising the company’s expected fully diluted share count to nearly 36 million shares (32.3 million shares as of last report + 3.5 million shares from the announced secondary) and its enterprise value to nearly $1.4 billion...we think it’s important for investors to realize that this latest financing nowhere meets the actual financing needs of CSIQ, and as such we expect continued financings for CSIQ over the next year."
"CSIQ’s financing needs are a direct result of the company’s astounding $1.7 billion in pur...
In this post we will take a look at the future capital needs and funding requirements of four Chinese polysilicon-based PV Manufacturers.
Briefly, our conclusion, based on current low cash levels, high outstanding short-term debt as a percentage of total capital, and future capital needs, in the form of outstanding purchase obligations listed in recent 20-F filings, is that nearly all of the companies mentioned here will have a significant weakening of balance sheets in the near term, as short-term debt levels soar to support growing operating cash losses and purchase obligations. The prosp
Continuing the theme of avoiding the stronger sectors and buying some weaker areas, I had almost bought Canadian Solar (CSIQ) just a few weeks ago in the mid $30s - it ramped to low $50s, and a missed opportunity went by the wayside. [Jun 17: Canadian Solar (CSIQ) Raises Guidance]
It has now pulled back 30% from its high of $52 two weeks ago, and this appears to the be the market's current favorite - the only chart I can find in the sector where the stock has not broken the 50 day moving average. This is not my favorite name in the sector fundamentally - a huge amount of their last earning...
Solar Industry is only speculative growth industry. Many peoples expect that solar technology will be leading energy industry in the future, maybe in the next 10 years. But business is not just discussing of technology prospect. Otherwise, business is generating profit as much as possible from as cheap as possible raw materials. High technology is not always feasible to become a business and it always forces the producer to be more innovative and competitive against its competitors. So, producer must spend more budget to revive its business.
Canadian Solar (NASDAQ: CSIQ) develops, manufactures and markets solar module products for the conversion of sunlight into electrical energy. Offerings include solar panels for residential and industrial use, plus customized modules that customers incorporate into their own products. The modules power such special-purpose devices as bus stop lighting systems and vehicle battery chargers. Canadian Solar is incorporated in Ontario, but conducts all of its manufacturing operations through six subsidiaries in China. The firm is act
4/1 - "Lazard Capital Markets analyst Sanjay Shrestha has come out maintaining his Buy recommendation on several names in the alternative energy space."
"Energy Conversion Devices (NASDAQ: ENER) maintain BUY rating and $40.00 target...Canadian Solar (NASDAQ: CSIQ) was also maintained as a BUY rating with the current $21.24 price being short of the $24.00 price target....Evergreen Solar (NASDAQ: ESLR) was also maintained as a BUY rating with its $9.09 being well short of its $15.00 target."
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About Canadian Solar Inc.
- Answers.com
President-elect Barack Obama has often repeated his stance on alternative energy. He 
Earlier this week Canadian Solar (CSIQ) increased the mid-range of their revenue guidance by 13%. Then, that same evening, they announced that they were diluting shares by offering 3.5 Million new ones at $34 each. A significant dilution. The shares surged, then have since pulled back - appropriately.
