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Liebe Leute, wünsche euch ein entspanntes Wochenende. Wir haben wieder einen Angriff abgewehrt und erholen uns. Der User "Don" hat das gut (Sorry, bin heute für die Übersetzung zu müde - Google kann das auch) analysiert.
finance.yahoo.com/news/law-offices-frank-r-cruz-140000755.html
User Don;
A few things to point out. The report makes some obvious false statements including how money is made in solar and seems to harp a lot on nonsense like insider selling. All big companies have insiders selling at times, this is not news unless the amounts are huge. I believe it was 2m shares which is not much and at a time when shares were hitting an all time high. Not surprising at all.
1 - Turnover in solar isnt surprising. Most of that is likely sales (hard sales at that) and its a time when competition is rampant. A lot of solar companies have gone under the last 2 years due to fierce competition and cutthroat price reductions on installs. So this is non-news. We need to know where these guys worked and if they actually had access to the numbers.
2 - They argue that growth didnt happen because same store sales dont match growth. Well duh. In what industry does total growth come from same store sales? Only mature companies that stopped expanding. Obviously Enphase is a growth company so new retailers carrying their product would obviously cause growth despite not having sales last year. The report doesnt mention how many new retail and wholesale channels started carrying their inverters which is pretty deceptive.
3 - Regarding accounting in India. Many companies have branches in countries they work in... we dont know for a fact that US accounting is actually done in India and certainly they do have a US branch as well and they are hiring plenty of folks here as well. Check their hiring pages.
4 - This little gem made me scratch my head... and I quote directly from their released report as of 3:47pm.... "You should know that Enphase itself does not provide any solar roofs or solar power accessories, which is where the money is to be made in this business..."
I mean talk about having no idea how money is made in solar. 100% wrong. installation makes money yes, but its extremely competitive and many companies are going out of business doing it. Real money is inverters and has been for a long time. Panels are too easy to make by comparison so little is made there but inverters are more complex so harder for someone to copy.
Anyway, some of what they say raises questions.
1 - The association between the execs is indeed alarming. The execs and board should be reshuffled. They are far too chummy and none of them are founders so no reason to risk it. Just let them go and get new execs.
2 - I wouldnt mind getting an exact accounting of the 140% revenue gain. Im 90% sure they can and its due to new sales channels but to clear the air, just make it known and be done with this nonsense.
Less
finance.yahoo.com/news/law-offices-frank-r-cruz-140000755.html
User Don;
A few things to point out. The report makes some obvious false statements including how money is made in solar and seems to harp a lot on nonsense like insider selling. All big companies have insiders selling at times, this is not news unless the amounts are huge. I believe it was 2m shares which is not much and at a time when shares were hitting an all time high. Not surprising at all.
1 - Turnover in solar isnt surprising. Most of that is likely sales (hard sales at that) and its a time when competition is rampant. A lot of solar companies have gone under the last 2 years due to fierce competition and cutthroat price reductions on installs. So this is non-news. We need to know where these guys worked and if they actually had access to the numbers.
2 - They argue that growth didnt happen because same store sales dont match growth. Well duh. In what industry does total growth come from same store sales? Only mature companies that stopped expanding. Obviously Enphase is a growth company so new retailers carrying their product would obviously cause growth despite not having sales last year. The report doesnt mention how many new retail and wholesale channels started carrying their inverters which is pretty deceptive.
3 - Regarding accounting in India. Many companies have branches in countries they work in... we dont know for a fact that US accounting is actually done in India and certainly they do have a US branch as well and they are hiring plenty of folks here as well. Check their hiring pages.
4 - This little gem made me scratch my head... and I quote directly from their released report as of 3:47pm.... "You should know that Enphase itself does not provide any solar roofs or solar power accessories, which is where the money is to be made in this business..."
I mean talk about having no idea how money is made in solar. 100% wrong. installation makes money yes, but its extremely competitive and many companies are going out of business doing it. Real money is inverters and has been for a long time. Panels are too easy to make by comparison so little is made there but inverters are more complex so harder for someone to copy.
Anyway, some of what they say raises questions.
1 - The association between the execs is indeed alarming. The execs and board should be reshuffled. They are far too chummy and none of them are founders so no reason to risk it. Just let them go and get new execs.
2 - I wouldnt mind getting an exact accounting of the 140% revenue gain. Im 90% sure they can and its due to new sales channels but to clear the air, just make it known and be done with this nonsense.
Less
