RE:RE:RE:RE:earnings ok?But isn't the cycle already turning around, at least on the solar side of their business, judging by the return to optimism in the valuation of VNP's biggest customer, First Solar, and the solar sector in general?
Look at this chart:
https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=0&chfdeh=0&chdet=1375300800000&chddm=159685&chls=IntervalBasedLine&cmpto=NYSEARCA:TAN;TSE:VNP&cmptdms=0;0&q=NASDAQ:FSLR&ntsp=1&ei=0Fb5UaDoO8Lp0QGC5QE
What worries me now is the "why" of VNP's deteriorating performance in the face of renewed growth in its sector. What's driving down its revenues and margins?