Trina Solar shares climb after 2Q profit doubles

Shares of Trina Solar Ltd. got a boost Tuesday after the Chinese maker of solar wafers, cells and modules reported sharply higher net income and revenue for the second quarter, surpassing Wall Street's expectations.

THE SPARK: Trina shipped more solar modules during the quarter than it had expected — 223 megawatts, above its expectations of 200 to 205 megawatts. The company's net income doubled to 38.7 million, or 52 cents per share, up from $18.6 million, or 35 cents per share, a year earlier.

Revenue more than doubled to $370.8 million from $150 million. Analysts polled by Thomson Reuters expected earnings of 49 cents per share on revenue of $338.3 million.

Labels: Earnings, solar charts, Solar Stocks, Trina Solar, TSL

posted by Ertai at 6:30 AM | 1 comment(s)

Top 10 Fastest-Growing Solar Stocks

Real Goods Solar, Inc. (NASDAQ:RSOL) is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 40.0%. This number is based on the average estimate of 2 brokerage analyst(s).

Canadian Solar Inc. (NASDAQ:CSIQ) is the 2nd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 35.5%. This number is based on the average estimate of 4 brokerage analyst(s).

ReneSola Ltd. (ADR) (NYSE:SOL) is the 3rd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 29.0%. This number is based on the average estimate of 2 brokerage analyst(s). SunPower Corporation (NASDAQ:SPWRA) is the 4th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 28.5%. This number is based on the average estimate of 6 brokerage analyst(s).

Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 5th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 25.0%. This number is based on the average estimate of 4 brokerage analyst(s).

Trina Solar Limited (ADR) (NYSE:TSL) is the 6th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 24.0%. This number is based on the average estimate of 5 brokerage analyst(s).

Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 7th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 23.8%. This number is based on the average estimate of 8 brokerage analyst(s).

First Solar, Inc. (NASDAQ:FSLR) is the 8th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.8%. This number is based on the average estimate of 8 brokerage analyst(s).

Evergreen Solar, Inc. (NASDAQ:ESLR) is the 9th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.5%. This number is based on the average estimate of 2 brokerage analyst(s).

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 10th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.0%. This number is based on the average estimate of 3 brokerage analyst(s).

Labels: CSIQ, ESLR, FSLR, JASO, RSOL, SOL, Solar Stocks, SPWRA, STP, TSL, YGE

posted by Ertai at 9:43 AM | 0 comment(s)

Trina Solar to Supply Solar Modules to SunEdison

Trina Solar Limited (NYSE: 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 that its subsidiary, Trina Solar (U.S.) Inc., has signed a sales agreement to supply solar modules to SunEdison, a subsidiary of MEMC Electronic Materials, Inc. ("MEMC").
Under the terms of the agreement signed with MEMC, Trina Solar is expected to supply SunEdison with approximately 35 megawatts (MW) of PV modules over the remainder of 2010. The modules are expected to be utilized by SunEdison for projects in North America and Europe.
"This collaboration once again demonstrates Trina Solar's ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market," said Mr. Sean Tzou, Chief Strategy Officer of Trina Solar. "Combining Trina Solar's high-quality modules with SunEdison's leading solar project capabilities, helps our company to further increase market share, diversify our sales base and enhance recognition of our brand globally."

Labels: solar charts, Solar News, Solar Stocks, Trina Solar, TSL

posted by Ertai at 10:46 AM | 0 comment(s)

Suntech Power Reports Earnings

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of crystalline silicon solar panels, today announced financial results for its second fiscal quarter ended June 30, 2010.
Second Quarter 2010 Highlights

-- Total net revenues were $625.1 million in the second quarter of 2010,
representing 6.3% growth sequentially and 94.8% year-over-year

-- Total PV shipments increased 11.9% sequentially and 181.7% year-over-
year

-- Gross profit margin for the core wafer to module business was 20.4% in
the second quarter of 2010

-- Consolidated gross profit margin was 18.2% in the second quarter of
2010

-- GAAP net loss attributable to holders of ordinary shares was $174.9
million, or $0.97 per American Depositary Share (ADS). Each ADS
represents one ordinary share. The non-cash impairment charges and
provisions related to thin film and Shunda had a negative impact of
$1.00 per diluted ADS

-- Achieved 1.4GW of PV cell and module production capacity at the end of
the second quarter of 2010. Suntech announced new capacity expansion to
reach 1.8GW of PV cell and module production capacity by the end of
2010

-- Increased 2010 annual shipment target from 1.3GW to 1.5GW, which
represents over 113% year-over-year shipment growth

"The second quarter was another period of robust multi-market demand," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Strong operational execution ensured that we achieved our 1.4GW capacity target, which drove higher than expected shipment and net revenue growth."
"We delivered greater shipments to valued customers across Germany and other European markets including Italy, France, Benelux and the Czech Republic. Our investments into our North American expansion continued to bear fruit as we broadened market share and prepared for US-based manufacturing that will commence in the fourth quarter. We also secured supply agreements to several large, high profile projects in emerging markets including Thailand, India and Israel where our globally respected brand, reliable product performance and deep sales channels have provided a solid foundation to form new partnerships."

Labels: Earnings, Solar Stocks, STP, Suntech Power

posted by Ertai at 9:32 AM | 0 comment(s)

Suntech Power News

Labels: Earnings, Solar Stocks, STP, Suntech Power

posted by Ertai at 12:32 PM | 0 comment(s)

Solar Earnings

Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL, YGE, Yingli Green Energy Hold

posted by Ertai at 11:05 AM | 0 comment(s)