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China's Green Agenda Shows Solar Flair
Peter C. Beller, 04.08.10, 02:23 PM EDT
http://www.forbes.com/2010/04/08/solar-power-china-markets-equities-suntech-trina.html?partner=yahootix
Huge government loans give Chinese solar companies an even bigger edge over U.S. rivals.
It used to take decades for whole industries to shift overseas. Not anymore.
Solar power manufacturing is moving to Asia, and local companies, especially Chinese and Taiwanese ones, are the beneficiaries thanks to their low cost of production. Now come reports that the Chinese government is extending billions of dollars in loans to domestic firms, making life even tougher for U.S. competitors.
Suntech Power Holdings ( STP - news - people ) will reportedly get a loan of $7.3 billion from the state-run China Development Bank while Trina Solar ( TSL - news - people ), not so long ago a marginal player, will get a hefty $4.4 billion in funding. "It marks a dramatic bump in funding for the China solar PV industry," writes Deutsche Bank analyst Steve O'Rourke. "China considers solar PV and broader renewable energy as strategic."
The loans will likely help the companies move from pure manufacturing operations into what many perceive to be a more lucrative long-term strategy: planning, financing and building large-scale projects for utilities and commercial customers. China has extra incentive to fund those activities since the industry's expansion will create jobs and help the nation move toward its renewable energy goals.
While the loans, if confirmed, would be good news for China's industry and (possibly) environment, it's bad news for U.S. firms like Evergreen Solar ( ESLR - news - people ), SunPower ( SPWR - news - people ) and Energy Conversion Devices ( ENER - news - people ). Plummeting prices recently erased the remaining efficiency advantages of many Western producers, who are themselves moving manufacturing to Asia. A continuing glut of raw materials seems to ensure that the race to the bottom will continue for some time. Then there's the ending of generous government subsidies that make solar power worthwhile outside Arizona. The future looks less bright every day
hello out there.
Been with TSL since just before the split. What gives. If i read correctly they did well on earnings, but the market still eats em alive. Seems like a solid company with great prospects and solar is a growing industy correct?
later
Time to buy in?
CHANGZHOU, China, Jan. 21 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced it has made initial shipments to RF Industries Pty Ltd ("RFI"), Australia's leading renewable energy distributor in January 2010. This is in conjunction with the Company's intention to finalize with RFI a national distribution agreement to supply up to 10 MW of PV modules in 2010.
"We are excited to partner with RFI, Australia's largest distributor of solar modules to supply the market with best-in-class products from Trina Solar," said Jifan Gao, Trina Solar's Chairman and CEO. "This partnership will bring Trina's high performing modules to the promising new Australian market while enhancing Trina Solar's brand and presence in the region."
"Partnering with Trina Solar provides our customers with access to one of the industry's emerging success stories," said Scott Magee, Managing Director of RFI's solar division. "Trina's focus on high quality manufacturing processes delivers a truly world class, competitive offering to our market. This new partnership is a natural fit with RFI's business model, providing exceptional value to our customers. We are looking forward to developing the Trina Solar brand in Australia over the coming years."
It's done well this year. Rolling really good imo
Solar Company, Profitable, Under a 10 forward PE.
Have any of you seen WEMU??
This company is a solar manufacture, small but growing nicely, has posted .38 cents earnings for the first 9 months and expects to do better than .50 cents earnings for the year, (calendar year)
Please take a look at the most recent news and filings in WEMU, its trading at a PE of less than 10 and all the other profitable solar stocks trade at PE's higher than 25.
I think this is a good opportunity to get some cheap stock here and have at least a double.
TSL running hard, + 1.19!!!!! Board pretty quiet here, where's the action coming from?
Great past 2 days for solar, but....
Does this mean we are going to see profit taking and shorts ?
Yesterday, Solar stock's were up across the board by 19%, not sure how long this will last but am loving it.
If you're open to any new micro cap solar stocks, check out AWSL
..this no debt newby was fast tracked to be chosen as one of only 3 to conduct possible $85 mil contract for city of Dryden. ..If they get it, watch this stock go nuts...also, lots of others on table.
Keep this guy on your radar folks. she's not down by a long shot imo
Don't forget:
CHANGZHOU, China, Feb. 17 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE:TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the following selected estimated financial results for the quarter and the full year ended December 31, 2008.
For the fourth quarter 2008, the Company expects: -- total net revenues for the fourth quarter to exceed its previous guidance range of $190 million to $210 million -- fourth quarter positive net operating cashflow to be approximately $60 million -- short-term debt to be reduced by approximately $41 million to $249 million -- a non-cash inventory provision between $16 million and $18 million
"excessive Obama optimism"
That says it all.........Thanks for sharing the article
This article is a week old ~
But there's still some good info in it...
This Week in Solar:
By Toby Shute
January 16, 2009
http://www.fool.com/investing/general/2009/01/16/this-week-in-solar.aspx
This week, the solar sector saw a storm of downgrades. It seems that analyst estimates have been slow to match some of the more morose emerging realities in the space.
Take, for instance, Suntech Power's (Nasdaq: STP) acknowledgement that it laid off 10% of its workforce, or 800 employees, in the fourth quarter. That's not as bad as the rumored 4,000 figure, but it's still a significant slice. As noted in November, Suntech has set its phasers to pause, meaning that expansion is on hold until the clouds lift. That means less manpower required for the time being.
Suntech isn't the only one cutting headcount. Optisolar, who we saw land a huge contract with PG&E (NYSE: PCG) last year, has slashed its workforce in half. Heliovolt, a smaller start-up, also shed employees.
Back to those analysts playing catch-up. Cowen led things off Monday with earnings estimate revisions on everyone from Trina Solar (NYSE: TSL) to Energy Conversion Devices (Nasdaq: ENER). The analyst there cut his 2009 industry demand forecast from nine gigawatts to seven gigawatts. That's still a 20%-plus increase over 2008, so nothing apocalyptic, but it's a hard brake on growth, nevertheless.
Later in the week, a Citigroup (NYSE: C) analyst downgraded First Solar (Nasdaq: FSLR), citing excessive Obama optimism. He also fairly pointed to margin compression as a key issue for First Solar -- in other words, the multiple of earnings that investors are willing to pay for this best-of-breed operator.
Finally, another Wall Street gumshoe whose coverage I'm less familiar with downgraded JA Solar (Nasdaq: JASO) and Suntech on Wednesday. I didn't see any noteworthy insight there -- just general unease about the earnings outlook. Join the club, buddy.
As always, I'd like to end on a positive note. This week did see an impressive fundraising feat by SolFocus, one of the concentrating solar power companies I took a peek at last year. While the capital markets remain catatonic, it's nice to see that promising start-ups can still pull in the green.
Solar stocks are moving again
Hard to tell which ones to play
That's really good news for TSL ~
And the chart looks like it's trying to bottom here...
Lots of support just below $7.00 and most of the indicators are upticking...
Trina Solar Announces Operational Highlights
Date : 01/23/2009 @ 8:00AM
Source : PR Newswire
Stock : Trina Solar Ltd Adr (TSL)
Quote : 7.79 0.43 (5.84%) @ 5:32PM
Trina Solar Announces Operational Highlights
CHANGZHOU, China, Jan. 23 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE:TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the following updates relating to its previously stated operational targets to be reached in the fourth quarter of 2008.
Fourth Quarter 2008 Operational Highlights: -- Achieved estimated solar module shipment target of between 55 MW and 60 MW -- Reduced solar module non-silicon manufacturing costs by approximately $0.13 per watt
"Despite lower module selling prices and margin pressure faced amidst a challenging global economic environment, we are very pleased with our performance delivered in the fourth quarter," said Mr. Jifan Gao, Chairman and CEO of Trina Solar, "The strategy to accelerate the reduction of our non-silicon production costs without compromising quality has been successful and will continue as a primary focus for Trina Solar beyond 2009. Our capacity utilization efficiency, coupled with our geographical diversification, ability to sell directly to large system integrators and our strong relationship with established customers in their respective market also helped us achieved our shipment target. Additionally, our new warehouse operations, which commenced in November 2008, assisted efforts to achieve our shipment target by shortening order-to-delivery time for our European customers."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com/ .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Trina Solar Limited Terry Wang, CFO Tel: +86-519-8548-2008 (Changzhou)
Thomas Young, Director of Investor Relations Tel: +86-519-8548-2008 (Changzhou) Email:
Announcement: New Product Line
Trina Solar Announces 'MeSolar' Brand UMG-Silicon Based Product Line
22 minutes ago - Pr Newswire
Related Companies
Symbol Last %Chg
TSL 8.43 0.00%
As of 12:00 AM ET 12/17/08
Trina Solar Limited (''Trina Solar'' or the ''Company''), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the launch of the brand name "MeSolar" for its newly in-house developed line of products based on Upgraded Metallurgical Grade ("UMG") silicon materials.
The product line is part of Trina Solar's strategy to expand its product portfolio in order to address customers' increasing demand for lower cost solar module systems. "We are pleased to introduce the brand name 'MeSolar' which represents our high quality and efficient modules using UMG silicon materials, with advantageous prices for our customers," stated Arturo Herrero, Trina Solar's Vice President of Sales & Marketing. "MeSolar" products undergo a stringent production process as well as rigorous quality control checks as a result of initial optimization and critical development stages during testing along the entire value chain, starting from UMG silicon materials, wafers, and cells, to modules, the final product.
Jifan Gao, Trina Solar's Chairman and CEO, stated, "We expect that UMG feedstock technology will continue to advance in the next year, which combine with improved manufacturing efficiencies should provide significant and sustainable cost advantages forward for added value to our customers."
Trina Solar plans to launch production of "MeSolar", employing its existing, dedicated manufacturing lines, with sales and deliveries planned throughout 2009. The UMG-based "MeSolar" modules have a 20-year warranty.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, Trina Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Trina Solar Limited
Terry Wang, CFO
Phone: +86-519-8548-2008 (Changzhou)
Thomas Young, Director of Investor Relations
Phone: +86-519-8548-2008 (Changzhou)
Email: ir@trinasolar.com
CCG Investor Relations
Crocker Coulson, President
Phone: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Richard Micchelli, Financial Writer
Phone: +1-646-454-4516
Email: richard.micchelli@ccgir.com
Hello all. 3rd best solar company out there, and 2nd best valued!
TSL currently underperforming the solar sector ETF KWT.
Picked up some more shares today. Looks like them pre-releasing an updated earnings estimate kept Trina pretty much the only consistant solar for the past few days. Things are lookin up.
Solar Power Gets a Boost
Thursday September 25, 11:46 am ET
By Aritro Ganguly
It's been a pretty topsy-turvy ride for Energy Conversion Devices, Inc. (NasdaqGS: ENER - News) this week. While the stock lost 18.5% of its value on Tuesday after one of its major clients lowered its 2H08 guidance, ENER almost made up for the losses on Wednesday with a surge of 13% to close at $63.79. Today, ENER seems to have lost steam and is up only 0.65%, trading at $64.20.
First Solar (NasdaqGS: FSLR - News), too, is fairly flat with a gain of 0.22%. However, other some of the gainers of the previous day, like ReneSola (NYSE: SOL - News) and Trina Solar Ltd. (NYSE: TSL - News) continue their march with gains of 3.03% and 2.52% respectively. Wednesday's other hot stock China Sunergy Co., Ltd. (NasdaqGM: CSUN - News) is up 0.91%, but is trading close to its 200-Day Moving Average.
The Wednesday boost came on the U.S. Senate's decision to extend $18 billion worth of solar tax incentives to producers and consumers of solar energy for eight years -- a news item that got buried in the hurly burly of the negotiations of the $700-billion finance industry bailout package.
No my friend awesome move today, just only holding a small lot of free shares now. I took profits last time it went up and never rebought just have my 300 free shares now. Instead i went into SOLF and recently SOlR which did quite well for me as well and got much larger positions in those.
Did you forget about Trina?
Trina Solar signs 2-year agreement with Invictus:
http://biz.yahoo.com/ap/080912/trina_solar_invictus.html?.v=2
Friday September 12, 10:11 am ET
China's Trina Solar signs 2-year sales agreement with Invictus in Belgium
DENVER (AP) -- Trina Solar Ltd., a Chinese solar photovoltaic products manufacturer, said Friday it has reached a two-year agreement to sell 50 megawatts of solar modules to Belgium-based Invictus NV.
Trina's subsidiary, Changzhou Trina Solar Energy Co. Ltd., will sell Invictus 20 megawatts of product in 2009 and 30 megawatts in 2010 at predetermined prices. There also is an option to sell Invictus an additional 10 megawatts of product each year.
Financial terms of the agreement were not disclosed.
The Changzhou, China-based company said it has now sold about 70 percent of its estimated 2009 target of 450 megawatts of products.
Trina manufactures solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules. Its shares rose 50 cents, or 2 percent, to $26.14 in morning trading.
On the Net: http://www.trinasolar.com
Short-term buy signal went off for Trina today...
...smokem if ya gottom...
America's Next Top Growth Stock:
By Matt Koppenheffer September 5, 2008
http://www.fool.com/investing/high-growth/2008/09/05/americas-next-top-growth-stock.aspx
Growth stocks are the beauties of the stock world, plain and simple. They're exciting, they have good stories, and they can make you a lot of money. Potash Corp. of Saskatchewan (NYSE: POT) may be off from its highs lately, but over the past five years, this potash slinger’s huge profit growth has led to gains of more than 1,000% for its investors.
But for all their beauty, growth stocks are also the prima donnas of the market. They can be erratic, they don't always live up to their billing, and they tend to attract a shareholder base that's ready and willing to run at the first signs of slowdown. For those reasons, caution is certainly in order when you enter the world of growth investing.
Fortunately, The Motley Fool's CAPS service brings us the collective intelligence of a community of more than 115,000 investors, and it’s a great resource for separating the Jessica Albas from the Jabba the Hutts. Each of the stocks competing for this week's top spot has a market cap of at least $100 million and grew its net profit by at least 20% over the past year. So let's go ahead and meet our contestants.
Mosaic
If you like Potash Corp., then chances are you'll be a fan of Mosaic (NYSE: MOS) as well. Though Mosaic's name may not be as descriptive of its business as Potash Corp.'s, the company mines and sells phosphate- and potash-based nutrients for plants and animals. Over the past few years, the sharp increase in demand for grains -- to turn into fuel and livestock feed, as well as for direct consumption -- has meant that companies like Mosaic and Potash Corp. have been able to benefit from spiking prices for the products they sell.
Garmin
For a directionally challenged chap like myself, Garmin (Nasdaq: GRMN) is a lifesaver. This Motley Fool Stock Advisor pick is probably best known for its personal navigation devices (PNDs), which can either be bought on their own or integrated into new cars from manufacturers like Ford and Honda. However, the device maker's products run a much larger gamut, including wrist- or bike-mounted navigators for outdoors enthusiasts, marine products, and devices for use in airplanes. Garmin has seen strong growth in all segments of its business, but as a PND becomes a must-have for more people in their cars, that segment of the business has absolutely exploded.
Trina Solar
The solar cells that Trina Solar (NYSE: TSL) produces are pretty standard. Like many other newer solar-cell companies, Trina has low overhead, since it’s based in the manufacturing haven of China. And like the rest of its competitors, Trina is doing its best to keep a steady supply of polysilicon as shortages wrack the industry. Though Trina may not be heavily differentiated from competitors like Suntech Power and First Solar (Nasdaq: FSLR), this may not matter if the solar industry continues to grow the way many investors expect.
Turkcell
Though Turkey may not be part of the nice, neat "BRIC" acronym (it stands for Brazil, Russia, India, China), few economists would leave it off a list of emerging markets to watch. As with any emerging economy, there's the potential for instability in Turkey, but growth has been robust -- between 2002 and 2007, annual GDP growth averaged 7.4%. For Turkcell (NYSE: TKC), this is good news, since this Motley Fool Global Gains pick is the mobile communications market leader in Turkey with a 57% market share. And if there's anything that seems to be heavily correlated with economic growth these days, it's mobile phone penetration.
Vornado Realty
A lot of people are understandably underwhelmed by the idea of investing in real estate right now, but Vornado Realty Trust (NYSE: VNO) has a doozy of a portfolio. Among other things, the company has an ownership stake in 16 million square feet of office space in New York City, 17.6 million square feet of office space in Washington, D.C., and northern Virginia, and a 70% stake in 555 California Street -- a major piece of San Francisco's financial district. Oh yeah, and for the kid in us all, the company has a 33% stake in Toys "R" Us. As for growth, it's all about acquiring new properties and raising rents on the prime properties that it already owns.
The envelope, please ...
For CAPS members, the real-estate stigma was just too much for Vornado to overcome, and it's stuck with the dreaded one-star rating. Trina Solar and Mosaic ended up with two- and three-star ratings, respectively -- better than Vornado, but still low on the CAPS totem pole.
As for Garmin, its four-star rating says that this is definitely a stock worth a hard look, but it just didn't have enough of a fan base to top this week's top growth stock, Turkcell. CAPS members have been highly positive on Turkcell, with more than 97% of the members that have rated it giving it an outperform rating. CAPS All-Star Bobist chimed in back in early 2007, saying:
The largest cell phone provider in Turkey. I'm taking a bit of a chance on this, but Turkey's political and economic future look more stable than it's recent past. Based on a recent visit the place seems to be booming and yet not all that many people had a cell phone stuck in their ear. I think more Turks will go wireless over the next few years and [Turkcell] will be their provider.
Solar Panel Prices Might Not Decline As Much As Thought
http://biz.yahoo.com/ibd/080904/tech.html?.v=1
Thursday September 4, 6:01 pm ET
Brian Womack
The solar outlook is getting a bit brighter.
In the recent round of earnings reports, a number of solar industry executives said solar panel demand and prices next year might hold up better than expected.
"It feels like things aren't going to be as bad as originally feared," says John Hardy, an analyst with American Technology Research.
That would be comfort to solar companies, which still are expecting slowing demand at a time when supply is increasing. But where most analysts had been expecting solar panel prices to fall 10% to 20% in 2009, some industry executives and analysts now are expecting a decline of less than 10%, and perhaps less than 5%.
The more pessimistic forecasts followed word that Spain, which has fueled much of this year's solar growth, is all but certain to sharply curtail government financial incentives, a move that would likely slash demand and reduce prices.
Other Markets Besides Spain
Observers, though, are more optimistic that other countries will step in to help fill the void.
"Even with the decline in Spain there are plenty of other countries that are waiting for solar modules -- markets that have been ... undersupplied," said Pavel Molchanov, an analyst with Raymond James.
"Fears of steep 2009 (price) declines appear overstated," Robert Stone, an analyst with Cowen and Co., recently wrote in a note to investors.
Also helping solar companies prop up profit is a forecast that prices of polysilicon, a key solar panel component, could fall next year as supplies improve. Analyst Hardy says polysilicon prices should fall around 8% to 10% under most contracts.
The solar industry is unusual in that sales depend heavily on generous financial incentives from governments around the world looking to help the green energy source compete with traditional energy sources such as coal or natural gas.
Spain's government has spurred growth with uncapped incentives. It's the world's No. 2 solar market behind Germany, another country with generous governmental incentives. But this year the Spanish legislature is almost surely turning off the tap. That nation could be looking to generate just 300 megawatts of solar energy next year, down from an expected 1,000 megawatts to 1,100 megawatts this year, says Daniel Ries, of Collins Stewart.
That's a big cloud over the industry, but some industry executives still had a positive outlook when they gave their most recent earnings reports.
On Aug. 20, Zhengrong Shi, chief executive of Suntech Power Holdings (NYSE:STP - News), said early prices for 2009 are flat to 5% down compared with 2008. Suntech is one of the world's 10 largest solar module makers.
That same week Andrew Klump, Trina Solar's (NYSE:TSL - News) vice president of business development, said on the quarterly conference call that the company sees price declines of just 3% to 5% in 2009.
"That was somewhat encouraging," Ries said.
JA Solar (NasdaqGM:JASO) last month also gave positive indications for pricing in 2009, though it didn't give a specific forecast.
Italy is one key to propping up demand in 2009.
Suntech's Shi says Italy will be a more than 1,000-megawatt market in 2009, enough energy to power 800 average U.S. homes. That's up from about 200 megawatts this year, Ries said.
Ries says Suntech's estimate is high. He sees a market more like 600 megawatts to 800 megawatts. But he also says Germany likely will up its solar output next year to 2,100 megawatts from an expected 1,600 this year.
Overall, he sees the global market growing from 4,500 megawatts to nearly 6,000 megawatts.
Analysts point 15 strength in some other countries as well, including France, Greece and Portugal. Asia, Japan and South Korea could be strong, while Australia also should add to demand.
Then there's the U.S., which has been a "rounding error" in the world market, says Jonathan Hoopes, a ThinkPanmure analyst.
Big Deal In S.F.
Last month, though, the U.S. caught the industry's attention when San Francisco-based Pacific Gas & Electric said it entered into solar power contracts to produce 800 megawatts of power.
The U.S. market is under pressure, though, as the industry frets over whether key federal tax incentives will be extended beyond 2008. Many analysts say that decision might have to wait until the new president takes office in January.
Some analysts continue to see a big drop in prices next year.
Ted Sullivan of Lux Research says he fully expects declines of 15% to 20%. He says there's just too much supply.
Paul Clegg of Jefferies & Co. expects prices to fall 15% next year, though he also says the decline might be much less. "We ... don't really know," Clegg said.
Hoopes on Thursday said in a note to clients that solar sources point 15 a 5% to 10% price decline in 2009. But he expects prices to decline further than that by the end of 2009, in the face of growing supplies.
Analysts say companies with locked-in contracts for supplies should fare better -- including SunPower (NasdaqGS:SPWR) and Suntech. In the past month, U.S.-listed solar stocks are up roughly 15%, based on exchange-traded funds that track the sector.
.....Smoke 'em!.....
Trina Solar Holds Annual General Meeting of Shareholders
Friday August 29, 7:01 am ET
http://biz.yahoo.com/prnews/080829/cnf022.html?.v=21
CHANGZHOU, China, Aug. 29 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that it held its 2008 Annual General Meeting of Shareholders on August 29, 2008. Each of the proposals submitted for shareholder approval was approved.
Specifically, the shareholders approved:
Proposal No. 1 -- Re-election of Mr. Junfeng Li as a director of the
Company;
Proposal No. 2 -- Re-election of Mr. Liping Qiu as a director of the
Company;
Proposal No. 3 -- Election of Mr. Sean Hsiyuan Tzou as a director of the
Company due to the retirement of Mr. Jianwei Shi;
Proposal No. 4 -- Amendment to the number of authorized shares for grant
under the Company's Share Incentive Plan from
102,718,350 ordinary shares to 202,718,350 ordinary
shares; and
Proposal No. 5 -- Appointment of the Independent Auditor Deloitte Touche
Tohmatsu for the fiscal year 2008.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .
For more information, please contact:
Trina Solar Limited
Terry Wang, CFO
Tel: +86-519-8548-2008 (Changzhou)
Thomas Young, Director of Investor Relations
Tel: +86-519-8548-2008 (Changzhou)
Email: ir@trinasolar.com
CCG Asia Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
Source: Trina Solar Limited
.....Smoke 'em!.....
The 'Silver Cross on TSL is HAPPENING!
Yep been on vacation nice to know the trend is our friend and making money even on a day when market blood red.
Here's why TSL went UP today~~~
Trina Solar increases polysilicon buy
Monday August 25, 10:21 am ET
Chinese solar power company Trina Solar increases polysilicon purchases
SIOUX FALLS, S.D. (AP) -- Chinese solar power company Trina Solar Ltd. said Monday that a subsidiary has signed an agreement to buy more polysilicon for solar modules.
Trina said its subsidiary Changzhou Trina Solar Energy Co. Ltd. signed a supplemental agreement to a long-term polysilicon supply agreement with a subsidiary of GCL Silicon Technology Holdings Inc.
Rapid growth in the solar industry is prompting companies to scramble to lock in long-term supplies of polysilicon, a component of solar panels that acts as a conductor of electricity.
Combined with the original supply agreement, announced in April, GCL will supply Trina with virgin polysilicon and wafers that can produce about 4,825 megawatts of solar modules over eight years. The polysilicon delivery at predetermined prices started in April.
Trina shares rose $1.68, or 5 percent, to $34.83 in morning trading.
http://biz.yahoo.com/ap/080825/trina_solar_polysilicon.html?.v=1
The Overall Market CRASHES Today~
And TSL goes UP 2.38% LOL!
Yep, this one looks more and more like a WINNER!
The 15/50MA crossover I mentioned in a previous post should occur this week.
.....Smoke 'em!.....
This one has decent Fundamentals:
(scroll down)
Too bad they don't offer a dividend.
.....Smoke 'em!.....
That's a great article Mr. Hand~
Solar is a sector I'm starting to like more and more.
A 'Silver Cross' on TSL is VERY Close~
One of my favorite longer term plays going Long happens when the 15 Day Moving Average (DMA) crosses up through the 50DMA. That's called a 'Silver Cross' and is usually a VERY bullish entry signal for a Long Term Swing Trade or to Hold. (A 'Golden Cross' is when the 50DMA crosses up through the 200DMA and is even more powerful). When I enter on a 'Silver Cross', as long as the PPS stays above the 15DMA and the middle Bollinger Band on a closing basis, I will stay in the trade.
As far as trading this one shorter term, it's a bit on the scary side since it can move $2-$3-$4.00 in a single session (usually down). I've read the most recent news on this stock, and most of it is positive. I'm not sure if this one moves against the price of oil or not.
Short term I see a possible pullback as it's very overbought, and Friday's candlestick is a potential reversal signal. Add to that the volume is diminishing, and some of the indicators have flattened out.
Overall, when you add up all of the Technical Indicators on this daily chart, there is much more reason to be bullish than bearish. I see a golden opportunity to enter on a 'Silver Cross' and see how this stock ends up a few months from now. It's in a good sector that will be more positive in the future if the price of oil continues to be at these levels or goes higher. In years to come, solar power is going to gain a lot of ground in my opinion.
On a final note, I see that it is about to take out the $34.14 resistance level. The next real resistance level I see is at $42.22 and if the 'Silver Cross' happens (which looks to be almost certain), this one could really take off to the upside in the near future.
I will buy some if it pulls back to near $30. and then recovers in the short term knowing the 'Silver Cross' is almost certain. I watch how the 5DMA crosses up or down through the 15DMA for shorter term looks at strength/weakness. The PPS hasn't been above the 50DMA in quite a while, which is a sign of strength.
The weekly chart is mostly bullish. If the PPS can break up above the middle Bollinger Band, there will be little resistance up to the upper Bollinger Band that sits at $51.26 The MACD looks really good and is about to give two buy signals if the rally continues, but CMF Money Flow is the weak link here. Otherwise, the weekly chart is more bullish than bearish. The first level of resistance I see is just below $40.00 and the next is around $51.00
.....Smoke 'em!.....
This should beat and then some.
Technicals all indicating big move coming.
TSL ranked number 1 of all solar stocks.
Which Solar Stocks Will Continue To Shine?
http://seekingalpha.com/article/80423-which-solar-stocks-will-continue-to-shine
see table and article.
This one should be great in the short term and the long term
FOR A QUICKY :)
What's your suggested buy level REVO2012?
Always a favorite................ still holding my shares!!!
Great day yesterday.
Any news on how things worked out after yesterday's quake?
New charts in iBox.
4.12$ EPS/ 2009.
At actual price = Under 7 P/E !!!
Holy cow, this should trade around 80$ (minimum).
Trina Solar Signs Equipment Supply Contract with GT Solar
CHANGZHOU, China,
March 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ('Trina Solar' or the 'Company'), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that it has signed an agreement with GT Solar Incorporated ('GT Solar') to purchase primary converter and reactor systems for its planned polysilicon production project for a total consideration of approximately US$49 million, with purchase price to be paid in installments over an approximate period of 12 to 18 months. The execution of this agreement is subject to final approval by the Boards of both companies.
'We are very excited to further our partnership with GT Solar, who will provide us a world class platform which is expected to extend our technology, brand and cost advantages to include silicon feedstock under our vertically integrated manufacturing model,' said Jifan Gao, Trina Solar's Chairman and CEO. 'We believe GT Solar's advanced technology will help Trina Solar to reduce cost in the long run in connection with our polysilicon production.'
Tom Zarrella, GT Solar's CEO, stated 'Trina Solar's order for our advanced polysilicon manufacturing equipment and technologies to support their upstream expansion plan is a strong indication of GT Solar's continued expansion in the Asia market. We value our relationship with Trina Solar and appreciate its continued confidence in our products.'
The agreement was signed through Trina Solar (Lianyungang) Co. Ltd., a subsidiary of Trina Solar, at the Washington International Renewable Energy Conference (WIREC). Senior governmental officials from both the United States State Department and China's National Development Reform Commission attended this conference and expressed strong support for greater cooperation between companies of both countries. This agreement is a part of the governments' cooperation framework in renewable energy. The signing ceremony was co-hosted by ACORE (American Council on Renewable Energy) and CREIA (China Renewable Energy Industries Association).
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
About GT Solar
GT Solar Incorporated, a wholly-owned subsidiary of GT Solar International, is a key global provider of manufacturing equipment and turnkey manufacturing solutions across the photovoltaic supply chain. Based in Merrimack, NH (USA), the company's products include equipment used to produce multi-crystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.com.
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Trina Solar leadership team is made up of employees from a number of nationalities, each with significant management and PV industry experience, who work together to bring the highest quality solar modules and the best service to customers around the world. |
Jifan Gao Chairman and Chief Executive Officer | |
Mr. Gao established Trina Solar in December 1997. His success in developing Trina Solar over the past ten years originated from his experience with his prior two companies. Prior to founding Trina Solar, Mr. Gao established and managed Wujin Xiehe Fine Chemical Factory for five years. Earlier, Mr. Gao spent four years establishing and managing his first company, Guangdong Shunde Fuyou Detergent Plant. Mr. Gao currently serves as the Vice Chairman of the China Renewable Energy Society Solar Power Construction Committee and the standing Vice Chairman of New Energy Chamber of Commerce of All-China Federation of Industry and Commerce. He graduated from Jilin University with a MS degree in Physical Chemistry in 1988. He received his BS in Chemistry from Nanjing University in 1985. |
Terry Wang Chief Financial Officer | |
Mr. Wang joined Trina Solar as our Senior Vice President of Finance in January 2008. Mr. Wang has 20 years of extensive experience in international financial operations and management in technology and manufacturing industries. Before joining Trina Solar, Mr. Wang served as the Executive Vice President of Finance of Spreadtrum Communications, Inc., a fabless semiconductor company listed on NASDAQ. Prior to Spreadtrum Communications, Mr. Wang served as CFO of a silicon valley-based technology company and controller at one of the world's largest NASDAQ-listed semiconductor assembly and testing companies. Mr. Wang holds a Certified Management Accountant (CMA) and a Certified in Financial Management (CFM) as well as an MBA in Finance from the University of Wisconsin. |
Mark Kingsley Chief Commercial Officer | |
Mr. Mark Kingsley has been appointed to the new position of Chief Commercial Officer effective May 1, 2011. Mr. Kingsley will report directly to Mr. Jifan Gao, Trina Solar's Chairman and Chief Executive Officer and will be responsible for leading the global sales, marketing and product management efforts. He will also help to further develop the Company's global commercial presence and achieve a sustainable global leadership position in the solar space. Mr. Kingsley brings to Trina Solar more than 20 years of extensive global business operations and marketing experience from the world's largest technology firms. Prior to joining the Company, he served as a Senior Vice President and Head of ABB Robotics' business unit based in Zurich. Before that, he was the Chief Marketing Officer at GE Sensing & Inspection Technologies and a member of GE's corporate marketing council. |
Stephanie Yang Shao Chief Human Resources Officer | |
Ms. Stephanie Yang Shao has joined the Company as Chief Human Resources Officer on September 15, 2010, reporting directly to Chief Executive Officer, Mr. Jifan Gao. Ms. Shao brings to Trina Solar more than 15 years of global experience in FORTUNE 500 companies and expertise in key human resources ("HR") areas, including corporate and international recruitment, performance management and organization development. Ms. Shao will oversee Trina Solar's overseas HR management system and compensation and benefits for its employees globally. Before joining Trina Solar, Ms. Shao worked at Colgate-Palmolive (New York) in various roles, including the position of Global Employee Relations & Engagement Director. Prior to Colgate-Palmolive, she worked at Bristol-Myers Squibb and The Dun & Bradstreet Corporation in functions related to HR, marketing, and business development. Ms. Shao holds a Doctorate degree in Social & Organizational Psychology from Rutgers University and received an Executive Education in Marketing Management from the Graduate School of Business of Columbia University in New York. |
Gary Yu Senior Vice President, Operations | |
Mr. Yu who served as Trina Solar's Vice President of Manufacturing since May of 2007, has been promoted to the position of Senior Vice President, Operations since July 2010. Mr. Yu has 17 years manufacturing management experience in semiconductor-related industries. Before joining Trina Solar, he was Managing Director of Wuxi Lite-On Technology, a LED assembly company in China. Prior to Wuxi Lite-On Technology, he served as a Director of Manufacturing for 1st Silicon Sdn. Bhd, Malaysia. Earlier, he worked at Macronix International, a semiconductor integrated device manufacturer in Taiwan. Mr. Yu received his master's degree in Industrial Engineering and Management from National Chiao Tung University in Taiwan and his bachelor's degree in Chemical Engineering from Tunghai University. |
From 175-210W, Trina Solar's monocrystalline series provides the best $/KWH value under the sun.
From 225-285W, Trina Solar's multicrystalline series include the most popular, vertical and adaptable panels for large-scale installations.
Combining PV module expertise with a highly innovative mounting system solution, Trina Solar is introducing Trinamount solutions.
One of the driving trends in the solar industry is increasing the overall value of solar modules by increasing the amount of energy generated per area required. With the continuous improvement of our mono and multicrystalline cell technologies we strive to live up to our motto of "more power, less space".
Here at Trina Solar, we take customer suggestions seriously, and incorporate their feedback in our panel design to make our products aesthetically pleasing.
One of the major advantages of solar energy is its versatility. Our panels are designed with the same goal of wide applicability.
Trina Solar is looking beyond the module to bring you the best solutions available in the market. Combining PV module expertise with a highly innovating mounting system solution, Trina Solar is introducing the Trina Mount-the fastest, easiest and least expensive way to mount PV modules onto residential and commercial rooftops.
Average volume | 2.69m |
---|---|
Shares outstanding | 79.49m |
Free float | 78.70m |
P/E (TTM) | 3.60 |
Market cap | 644.66m USD |
EPS (TTM) | 2.26 USD |
Fiscal Year Ending Dec 31 2010 | 2010 | 2009 | 2008 |
REVENUE AND GROSS PROFIT | |||
Total revenue | 1,858 | 845 | 832 |
OPERATING EXPENSES | |||
Cost of revenue total | 1,273 | 608 | 667 |
Selling, general and admin. expenses, total | 148 | 96 | 61 |
Depreciation/amortization | -- | -- | -- |
Unusual expense(income) | -- | -- | -- |
Other operating expenses, total | -- | -- | -- |
Total operating expense | 1,440 | 710 | 732 |
Operating income | 417 | 135 | 100 |
Other, net | 0.22 | 2.61 | (0.16) |
INCOME TAXES, MINORITY INTEREST AND EXTRA ITEMS | |||
Net income before taxes | 360 | 121 | 65 |
Provision for income taxes | 48 | 25 | 4.61 |
Net income after taxes | 311 | 96 | 61 |
Minority interest | -- | -- | -- |
Net income before extra. Items | 311 | 96 | 61 |
Total extraordinary items | -- | -- | -- |
Net income | 311 | 96 | 61 |
Inc.avail. to common excl. extra. Items | 311 | 96 | 61 |
Inc.avail. to common incl. extra. Items | 311 | 96 | 61 |
EPS RECONCILIATION | |||
Basic/primary weighted average shares | 3,403 | 2,724 | 2,501 |
Basic/primary eps excl. extra items | 0.09 | 0.04 | 0.02 |
Basic/primary eps incl. extra items | 0.09 | 0.04 | 0.02 |
Dilution adjustment | 9.42 | 9.43 | 4.00 |
Diluted weighted average shares | 3,834 | 3,132 | 2,691 |
Diluted eps excl. extra items | 0.08 | 0.03 | 0.02 |
Diluted eps incl. extra items | 0.08 | 0.03 | 0.02 |
COMMON STOCK DIVIDENDS | |||
DPS - common stock primary issue | 0 | 0 | 0 |
Gross dividend - common stock | 0 | 0 | 0 |
PRO FORMA INCOME | |||
Pro forma net income | -- | -- | -- |
Interest expense, supplemental | 34 | 27 | 25 |
SUPPLEMENTAL INCOME | |||
Depreciation, supplemental | 52 | 34 | 20 |
Total special items | -- | -- | -- |
NORMALIZED INCOME | |||
Normalized income before taxes | 360 | 121 | 65 |
Effect of special items on income taxes | -- | -- | -- |
Income tax excluding impact of special items | 48 | 25 | 4.61 |
Normalized income after tax | 311 | 96 | 61 |
Normalized income avail. to common | 311 | 96 | 61 |
Basic normalized EPS | 0.09 | 0.04 | 0.02 |
Diluted normalized EPS | 0.08 | 0.03 | 0.02 |
Fiscal Year Ending Dec 31 2010 | 2010 | 2009 | 2008 |
ASSETS | |||
Cash And Short Term Investments | 753 | 410 | 132 |
Total Recivables, Net | 377 | 288 | 105 |
Total Inventory | 79 | 81 | 86 |
Prepaid expenses | 122 | 69 | 50 |
Other current assets, total | 83 | 79 | 47 |
Total current assets | 1,415 | 928 | 420 |
Property, plant & equipment, net | 571 | 477 | 358 |
Goodwill, net | -- | -- | -- |
Intangibles, net | 37 | 27 | 27 |
Long term investments | -- | -- | -- |
Note receivable - long term | -- | -- | -- |
Other long term assets | 94 | 107 | 133 |
Total assets | 2,132 | 1,549 | 940 |
LIABILITIES | |||
Accounts payable | 189 | 187 | 63 |
Accrued expenses | 82 | 49 | 21 |
Notes payable/short-term debt | 0 | 0 | 0 |
Current portion long-term debt/capital leases | 295 | 267 | 249 |
Other current liabilities, total | 34 | 13 | 3.65 |
Total current liabilities | 600 | 515 | 336 |
Total long term debt | 300 | 316 | 144 |
Total debt | 595 | 583 | 393 |
Deferred income tax | -- | -- | -- |
Minority interest | -- | -- | -- |
Other liabilities, total | 58 | 38 | 23 |
Total liabilities | 958 | 869 | 504 |
SHAREHOLDERS EQUITY | |||
Common stock | 0.04 | 0.03 | 0.03 |
Additional paid-in capital | 643 | 460 | 313 |
Retained earnings (accumulated deficit) | 520 | 208 | 112 |
Treasury stock - common | -- | -- | -- |
Unrealized gain (loss) | -- | -- | -- |
Other equity, total | 11 | 11 | 11 |
Total equity | 1,174 | 679 | 437 |
Total liabilities & shareholders' equity | 2,132 | 1,549 | 940 |
Total common shares outstanding | 3,964 | 3,487 | 2,958 |
Treasury shares - common primary issue | 0 | 0 | 0 |
2011 Press Releases
SEC Filings
Filing Date | Form | Description | Filing Group | Downloads | |||
22.11.11 | SC 13G/A | An amendment to the SC 13G filing | Other | ||||
22.11.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | ||||
17.11.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other | ||||
10.11.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other | ||||
08.11.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | ||||
28.10.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | ||||
13.10.11 | 3 | Initial filing by director officer or owner of more than ten percent. | 3,4,5 | ||||
14.09.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | ||||
24.08.11 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | ||||
23.08.11 | SC 13G | A statement of beneficial ownership of common stock by certain persons | Other |
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