d******8
发帖数: 1972 | 1 http://blogs.wsj.com/deals/2011/10/25/first-solar-was-jim-chano
Investor/cranky guy Jim Chanos trashed solar energy in a public investor
presentation this spring. His prediction may be playing out today.
The investor enthusiasm for green energy companies was a bubble, Chanos
argued at the Ira Sohn investor conference. His presentation was called “
Alternative Energy: Does Solar + Wind = Hot Air?”
Chanos’s presentation was before the very public and controversial collapse
of solar-panel maker Solyndra. And today, First Solar has spooked investors
with the unexpected departure of CEO Rob Gillette. First Solar shares are
sinking about 20% in recent trading.
Chanos singled out the possibility of management defection at First Solar, a
call that looks pretty prescient right now. Here’s what Chanos said:
Chanos also says he’s also shorting solar companies, including First Solar,
citing a deterioration in quality control and operational problems,
including balance sheet deterioration and negative cash flows….
What has Chanos and his associates “most intrigued,” he says is the
management exodus at First Solar. “When they start leaving, we feel most
comfortable at all.” In recent years, managers have come in with no
industry experience, Chanos says, and unloaded their holdings. “They’re
seeing some of the things we’re seeing.” |
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