What happens from here? ESLR has been missing earnings quarter after quarter and not by small margins. Further, there is talk that ESLR will be charged with a loss on their Sovello venture in Europe for failure to file correctly for a loan they received - meaning they may need to repay that loan in a time when there isn't much cash on the books.
Year to date the whole solar sector seems to be down between 10-20%, ESLR is down about 16% YTD. Industry leader First Solar (FSLR) is by far the strongest of the pack and they are down a similar amount YTD.
Solar stocks are all extremely speculative now with the exception of FSLR. It's my prediction that ESLR will continue in a downward spiral this quarter and the rest of this year, ending up around .80/share while speculative investors hold for some positive news to happen for once with this troubled company.
It should be noted that ThetaMutual no longer holds a position in ESLR and sold it's position at around $2/share last year.
