Call(s) to Action:

APPG ($1.17) – Looking to short if we can locate shares.  Another pump and dump with a million dollar campaign now in the dump phase.

Here are the stories that the GeoTeam is following today… (Please see full disclosures at bottom)

  • ChinaHybrids
    • HPJ ($4.81) –  Reported strong Q2 2014 results; Reported non-GAAP EPS of $0.09 vs $0.01 in the prior year on 22% sales growth.  Maintained outlook for 2014.
    • CSIQ ($24.97) Crushed analyst top and bottom line estimates; guided Q3 2014 in-line.
    • JKS ($25.07)Signed a project development agreement, to develop a 500MW PV power plant with the Economic Development Zone of Lishui City.
    • OSN ($0.91)Received NASDAQ notification of Non-Compliance with minimum bid price rule
  • U.S. News
    • AAOI ($16.98)Reported strong Q2 2104 results.  Significantly beats analyst EPS estimates and reports 5th consecutive quarter of record revenues.  Plan to take a look at customer mix.
    • REED ($5.04)Reported record Q2 2014 results, although full year 2014 revenue guidance would need to come in at high end to meet analyst estimates.
    • RWC ($4.05) – Reported second straight strong quarterly results.  See our 8/5/2014 expanded email for our full note on RWC.
    • Other notable earnings, TCX and BONL.  Please see our earnings screen for full details.
  • Tier 1 Pinks
    • PFHO ($68.95) – Reported strong Q2 2014 results. Reported EPS of $0.62 vs $0.36.

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Disclosure: Long HPJ, PFHO ; Other Long Positions; Other Short Positions; Pump & Dump Positions (Password GEO2014)

Summary of general highlights:

On the Asian Front…

Select China Earnings…

Stock Price** EPS Estimate Reported EPS Prior Year Reported EPS
Highpower Intl (NASDAQ:HPJ) $4.81 n/a $0.09* $0.01*
Canadian Solar (NASDAQ:CSIQ) $30.70 $0.58 $0.98* -$0.33*

* denotes non-GAAP; ** Pre-market

Please see our ChinaHybrid June 2014 quarter earnings screen (password GEO2014) for select companies that have reported earnings.

In Other News…

Jinkosolar Holdings (NYSE:JKS) ($25.07) – a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd.(“Jinko Power”), a subsidiary of the Company has signed a PV project development agreement with the Economic Development Zone of Lishui City (“Lishui”), Zhejiang Province, to develop a 500MW PV power plant with an aggregate investment amount of RMB5 billion.

According to the terms of the agreement, the 500MW PV power plant will be constructed over period of 5 years with an annual installation target of 100MW, of which 60MW will be distributed and 40MW will be ground-mounted. The first phase of construction will begin during the second half of 2014 with an installation target of 50MW to be completed before the end of the year.

Municipal leaders of Lishui City, including Mr. Zhong Chen, vice-mayor, attended the signing ceremony and pledged to fully support the project in order to speed up the construction process and connection to the grid. This cooperation agreement demonstrates Lishui City local government’s willingness to upgrade its energy infrastructure and to jointly promote the development of green energy production and consumption with JinkoSolar. When completed, the 500MW power plant will generate approximately 56 million kWh of power annually reduce emissions equivalent to saving 0.2 million tons of coal per year, or 7200 tons of nitrogen oxide and 0.5 million tons of carbon dioxide.

“We are pleased to sign this significant PV project development agreement with the Economic Development Zone of Lishui City,” commented Mr. Xiande Li, Chairman of JinkoSolar. “By signing this agreement, we are expanding the scale and scope of our PV project pipeline while improving the environment and contributing to local economic development. China’s National Energy Administration encourages local governments to proactively initiate projects of this nature and engage leading clean energy companies to aid in the process. We hope to set an example by cooperating on the construction of this important project.”

Ossen Innovation Co(NASDAQ:OSN) ($0.91) – a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that on:

August 12, 2014 the Company received a letter from the NASDAQ Stock Market stating that for the previous 30 consecutive business days, the closing bid price of the Company’s stock was below the minimum bid price of $1.00 per share for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Marketplace Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The NASDAQ letter has no immediate effect on the listing of the Company’s shares.

On the U.S. Front…

Notable U.S. Earnings…

Stock Price** EPS Estimate Reported EPS Prior Year Reported EPS
$AAOI $17.95 $0.09 $0.15 -$0.31
Reeds, Inc. (NASDAQ:REED) $5.72 $0.01 $0.06* -$0.03*
Relm Wireless (AMEX:RWC) $4.16 n/a $0.05* $0.01*
Tucows Inc Cl A Common Stock (NASDAQ:TCX) $16.06 $0.15 $0.20* $0.09*
Bonal Intl (OOTC:BONL) $1.65 n/a $0.06 $0.03

* denotes non-GAAP; ** Pre-market

GeoBargain/Specials…

Pacific Health Care (OOTC:PFHO) ($61.50) – GeoBargain on the Radar  and  Tier  One Pink PFHO engages in managing and administering health care organizations (HCOs) and managed provider networks in the state of California.  PFHO reported Q2 2014 results:

  • Total revenues for the second quarter 2014 were $2,298,211, compared to $1,592,608 for the same period in 2013, an increase of $705,603 or 44 percent.
  • The Company reported net income of $500,665, or $0.62 per basic and fully diluted share for the second quarter ended June 30, 2014 compared to net income of $288,543, or $0.36 per basic and fully diluted share, for the second quarter ended June 30, 2013.

We have been long PFHO since 5/16/2012 at $3.77, now over a 17-bagger.

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Sincerely,

The GeoTeam