With the issuance of ESOS, this goes to say that there will be further news on the MOU signed on the solar project. The date of completion of the 3 for 1 rights issue is end September, so would expect the share price to be ramped up in order for people to take up the rights.
RUN RUN RUN~~~~~~~ is going down!!!!!!!!!!!! collect at 0.07 hahahahaha.... Buy Buy Buy~~~~~~~ is going to up!!!!!!!!!!! collect at 0.09 hahahaahha.... Who's right who's wrong sooner will know!!!!!!
Here comes the sun: US solar power market hits all-time high After a rocky start, the American solar market is taking off and growing faster than coal and natural gas power. What will it take to make it go truly mainstream? olar energy in the US has had a rocky existence. Ever since Ronald Reagan symbolically removed Jimmy Carter’s solar panels from the White House roof in 1986, federal policy has been unpredictable, such that manufacturers and consumers could never depend on reliable incentives to produce and install solar energy systems. Remarkably, the US solar energy industry is now entering what may be its most prosperous decade ever, thanks to a new wave of federal and state policies and positive economics in the industry, both at home and abroad. “I think it will actually be bigger than people are projecting,” says Jigar Shah, president and co-founder of Generate Capital, a clean energy investment firm based in San Francisco. “The solar industry is booming right now.” The US solar industry expects to install 14.5 gigawatts of solar power in 2016, a 94% increase over the record 7.5 gigawatts last year, according to a new market report by GTM Research and the Solar Energy Industries Association. Revenues from solar installations also increased 21% from 2014 to more than $22bn in 2015. For the first time, more solar systems came online than natural gas power plants – the top source of electricity in the US – in 2015, as measured in megawatts, said Justin Baca, vice president of markets and research at the Solar Energy Industries Association. This year, new solar is expected to surpass installations of all other sources, said the US Energy Information Administration. The rise of solar energy use, especially by homes and businesses with panels on their roofs, is gradually transforming the electricity industry. For more than a century, power plant owners and utilities have controlled the energy delivery service, and some of them enjoy a monopoly. “We were just a tiny little speck 10 years ago, and now we are really up there with the major established generating technologies,” said Baca. “It’s amazing.” What’s behind all this? A federal tax credit has played a key role: it enables home and business owners to take off 30% of the price of their solar energy systems from their income taxes. Congress renewed the tax credit last December. Another factor is cost. It is simply a lot cheaper to install solar these days, largely because cost of components have declined considerably. The wholesale price of a solar panel today is about $0.65 per watt, compared with $0.74 per watt a year ago and $4 per watt in 2008.
The steep decline in prices began initially in Germany. In 2000, Germany adopted policies that heavily subsidized solar power by adding a special charge on consumer utility bills. Utilities use the money collected from that special charge to pay higher rates for solar energy as part of a government policy to promote renewable energy. The higher rates created a huge demand for solar panels, driving manufacturers to compete for those dollars and other countries to institute similar policies. Until last year, it was the largest solar energy producing country in the world. “They created a massive demand for solar, and manufacturers around the world started stepping up to that,” Baca said. “Prior to that, a lot of solar panels were still largely made by hand. But the scale that manufacturers started growing to allowed a little bit more automation.” More on this topicCan you power a business on 100% renewable energy? Ikea wants to try Then China, where labor costs were lower, rose to become a mighty manufacturing force. Chinese manufacturers built massive factories to make solar panels, drove down the prices for solar panels and forced more than a hundred of its competitors in Europe, US and even within China to go bankrupt. The fallout hurt so many businesses that the US government imposed tariffs on Chinese-made solar panels after determining that Chinese manufacturers were pricing their products at below fair-market values. The tariffs and increasing domestic demand have boosted manufacturing jobs in the US, which is now one of the top five nations for solar panel producers behind China, Singapore, Taiwan and Malaysia. “Now the market’s so large you can actually sustain the large manufacturing plants and support the product locally,” said Shah. One example is SolarCity, which is building a giant new solar panel factory in Buffalo, New York. The facility, expected to be in operation later this year, plans to employ 3,500 people. It will produce panels primarily for SolarCity’s own projects around the world. Declines in other sources of electricity generation has also helped solar’s growing popularity. The coal business suffered historic losses in 2015 as concern about its greenhouse gas emissions took hold. Just 3 megawatts of new coal generation came online in 2015, compared to about 2,600 megawatts for sol
I think Vsolar Price will up, the following are my point of view.
1) Director of the Company exercised ESOS with price of RM0.10 for 30,000,000 shares with premium of RM0.01 as compared to current market price of RM0.90.
2) The Solar business will contributed positive to company in near future.
sorry bro, i don't know anything about this counter. haven't got time to go any analyst on it yet. However i foresee solar plant would become future market trend, the thing is .. Vsolar must be powerful enough to turn around from loss to a profit company first. that's my view.
Hi, TomyanGong, please go bursamalaysia doing homework before commenting.
1st the ESOS news can be found in announcement. 2nd in the account the company already heavily invest in Solar business & based on their given information is awaiting approval by the relevant authority.
haha...you're right this will depend on the confidence level to the SOLAR business. I forget where i get the information is that the Company had mentioned about their Solar business are awaiting approval by authority but before that they need some improvement on the SOLAR & they also mentioned that the agreement will still valid no matter how long. Correct me if i'm wrong.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
keng88
2,775 posts
Posted by keng88 > 2016-06-28 17:04 | Report Abuse
after ESOS, next week rebound back.