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selling pressure is good and correction is healthy. congrats to long term shareholders. the development for it's major customer specifically the series 6 and fully contracted for 2020 is good. what is left behind is the orders for series 6 line equipments. the plan to setup offices at silicon valley and perrysburg demonstrate greatec commitments to it's major customer :)
while it's major customer has yet to ramp up series 6 which boast approx 19% efficiencies, work has started on series 7. current capability of greatec's line equipment can cater up to 2 meter by 1.2 meter which is the series 6 dimensions. yet to have details on series 7 specifications.
elton, there is a lot of information in it's IPO prospectus whereby it mentioned FSLR and Panasonic as it's major customers and Greatec has MEPA and EPSA in place respectively. the plan in prospectus mentioned setup of offices in silicon valley and perrysburg Ohio. these are the heart of FSLR. Hence, you can follow the development of FSLR. if you research enough on FSLR, you will be able to follow it's development.
what is happening recently for FSLR is perrysburg 2 factory (series 6) has been pulled in, Vietnam 2nd factory has 2 lines of series 6. decision on malaysia factory conversion from series 4 to series 6 is still pending. FSLR is still evaluating the timing and shutdown for the conversion. :)
you should, Elton; if it is a long term investment. another interesting fact is the focus on Greatec's R&D. line system for batt module, solar and load unload eq for semicolon substrate. if you look at it, line system for batt module is interesting. imo - the future of renewable energy lies in batteries; the ability to store the energy. I think Greatec focus here is really good. if it can penetrate the segment here, it will be even better for Greatec. Just my opinions, could be wrong.
Cheng I do , I know that Greatech will find opportunity in battery segment as the rechargeble battery become more and more essential in this digitize world
it is an interesting segment, elton and jeremy. after all, greatec pioneer status has been extended until 2023. if series 6 ramps up for perrysburg 2, Vietnam and decision made for Malaysia, we should see it's revenue picking up. until then, will be good to keep an eye on tariffs and development in solar's business.
