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
Top 10 Fastest-Growing Solar Stocks
Below are the top 10 fastest-growing Solar stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts.
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).
Source:
China AnalystLabels: CSIQ, ESLR, FSLR, JASO, RSOL, SOL, Solar Stocks, SPWRA, STP, TSL, YGE
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."
Source: prnewswire.com
TSL Chart:
Short Term and Long Term trends seem to point up. Trina Solar is still beating the performance of the whole bearish market in these last months.
Labels: solar charts, Solar News, Solar Stocks, Trina Solar, TSL
Solar Earnings
Earning dates for this month:
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) Aug 18, 2010
Q2 2010 Earnings Release - 9:30AM EDT
Trina Solar Limited (ADR) (NYSE:TSL)Aug 24, 2010
Q2 2010 Earnings Conference Call - 8:00AM EDT
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) Aug 19, 2010
Q2 2010 Yingli Green Energy Holding Company Limited Earnings Release - 9:30AM EDT
Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL, YGE, Yingli Green Energy Hold
Claymore/MAC Global Solar Index (ETF) (NYSE:TAN)
The Solar Stock ETF TAN continues upwards, alongside other titles like STP, FSLR and TSL. All still looking bullish on the short-term.
Labels: FSLR, solar ETF, Solar Stocks, STP, Suntech Power, Trina Solar, TSL
Top 10 Best-Rated Solar Stocks
Below are the top 10 best-rated Solar stocks, based on the number of positive ratings by brokerage analysts. Six Chinese companies (TSL, STP, YGE, JASO, SOLF, SOL) are on the list.
First Solar, Inc. (NASDAQ:FSLR) is the 1st best-rated stock in this segment of the market. It is rated positively by 24 brokerage analysts. It is covered by 41 brokerage analysts. Trina Solar Limited (ADR) (NYSE:TSL) is the 2nd best-rated stock in this segment of the market. It is rated positively by 17 brokerage analysts. It is covered by 20 brokerage analysts. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 3rd best-rated stock in this segment of the market. It is rated positively by 12 brokerage analysts. It is covered by 37 brokerage analysts. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 4th best-rated stock in this segment of the market. It is rated positively by 11 brokerage analysts. It is covered by 20 brokerage analysts. SunPower Corporation (NASDAQ:SPWRA) is the 5th best-rated stock in this segment of the market. It is rated positively by 11 brokerage analysts. It is covered by 36 brokerage analysts.
MEMC Electronic Materials, Inc. (NYSE:WFR) is the 6th best-rated stock in this segment of the market. It is rated positively by 10 brokerage analysts. It is covered by 23 brokerage analysts. GT Solar International, Inc. (NASDAQ:SOLR) is the 7th best-rated stock in this segment of the market. It is rated positively by 8 brokerage analysts. It is covered by 10 brokerage analysts. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 8th best-rated stock in this segment of the market. It is rated positively by 8 brokerage analysts. It is covered by 17 brokerage analysts. Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) is the 9th best-rated stock in this segment of the market. It is rated positively by 6 brokerage analysts. It is covered by 12 brokerage analysts. ReneSola Ltd. (ADR) (NYSE:SOL) is the 10th best-rated stock in this segment of the market. It is rated positively by 5 brokerage analysts. It is covered by 7 brokerage analysts.
Source: China Analyst cnanalyst.com
Labels: First Solar Inc, FSLR, Solar Ratings, Solar Stocks, Solar Technology, STP, Suntech Power, Trina Solar, TSL
Solar Stocks Gapping Up
The market should open today with a decent Gap Up.
Let's see how far the Bulls will go. Many solar stocks are gapping more than 3%.
STP 3.2%
TSL 4.6%
CSIQ 2.3%
SolarFun (SOLF) reported earnings and is gaining 11% on the Pre-Market.
FIRST QUARTER 2010 HIGHLIGHTS
Total net revenues were RMB 1,475.8 million (US$216.2 million) in 1Q10, an increase of 17.8% from 4Q09 and an increase of 115.7% from 1Q09.
PV module shipments, including module processing services, reached 150.6 MW, an increase from 110.8 MW in 4Q09 and from 35.7 MW in 1Q09.
Average selling price, excluding module processing services, declined, as expected, to US$1.76 per watt in 1Q10.
Gross profit was RMB 272.5 million (US$39.9 million) and gross margin was 18.5%.
The main Solar Stock ETF looks like this, but expect a good bullish move for today:
Labels: solar ETF, Solar Stocks, Solarfun, SOLF, STP, Suntech Power, TSL
The State of the TAN
More Bearish moves for the solar stocks with TSL, CSIQ, YGE and STP losing more than 5% for the day.
Claymore/MAC Global Solar Index (Solar Stock ETF) is making new lows. Maybe this is the time to start buying?
Labels: Bearish, CSIQ, solar ETF, Solar Stocks, STP, TAN, TSL, YGE
Solar Stocks Plunge
Chinese stocks fell hard on Thursday trailing Asian indices lower. Large cap stocks hold on better than smaller counterparts; the Claymore/AlphaShares Small Cap China ETF (NYSE:HAO) lost three times as much as the large cap proxy, FXI.
Energy, solar stocks weight down indices on stronger dollar and falling oil. Solar stocks dominate the worst performing China ADR universe by noon on Thursday. Suntech Power (NYSE:STP), Solarfun Power (NYSE:SOLF), Canadian Solar (NASDAQ:CSIQ), Yaingli Green Energy (NYSE:YGE) and Trina Solar (NYSE:TSL) make up the worst stocks measured in percentage change on the following screen.
Solar stocks continue the plunge with many Solar Companies dropping more than 10% just for this day.
The Solar Stock ETF quotes: 7.22 -0.54 (-6.96%)
Labels: Bearish, CSIQ, Solar Stocks, SOLF, STP, TSL, YGE
Suntech,Trina Solar sign $11.7 bln loan deals
China's top solar power equipment makers Suntech Power Holdings (STP.N) and Trina Solar (TSL.N) have signed framework agreements with China Development Bank (CDB) [CHDB.UL], giving them access to a combined 80 billion yuan ($11.72 billion) in loans, company officials said.
Suntech, China's largest solar cell and panel maker, signed an agreement with CDB for up to 50 billion yuan ($7.33 billion) worth of loans over five years, Rory Macpherson, Suntech's director for investor relations, told Reuters on Wednesday.
"It's a non-binding agreement," he said. "It's not related to specific projects ... it could be used for capacity expansion. It essentially shows the strong partnership between Suntech and China Development Bank," he said, adding that the agreement was signed in the past two weeks.
Trina Solar forged a 30 billion yuan ($4.40 billion) loan agreement with CDB that will last through 2015, Chief Financial Officer Terry Wang said.
SourceTrina Solar Chart:
Labels: solar charts, Solar Stocks, STP, Suntech Power, Trina Solar, TSL
Barclays Bullish On Solar
Barclays Raises Price Targets On SOLF, FSLR, SOL, CSIQ, TSL, YGEMost Solar Stocks closed higher today, thanks to the Barclays upgrade, with some solar stocks like SOLF, CSIQ or JASO finishing the day up, more than 8%
First Solar (FSLR) from $100 to $125
ReneSola (SOL) from $5 to $7
Canadian Solar (CSIQ) from $21 to $25
Trina Solar (TSL) from $23 to $25
Yingli Green Energy (YGE) from $10 to $14
All of these are maintained at Equalweight by Barclays.
Labels: Bullish, CSIQ, First Solar Inc, FSLR, JA Solar Holdings Co., JASO, Solar Stocks, Solarfun, SOLF, TSL
Trina Solar profit tops Wall Street, shares climb
Trina Solar (TSL) opened higher today, but now seems to follow the rest of the solar stocks, losing -3.44% at the moment.
TSL's Earnings info:
Earnings per ADS 74 cents tops Wall St view of 60 cents
* Revenues rose 45 pct to $313 mln
* Shares climb 3.4 percent premarket
NEW YORK, Feb 24 (Reuters) - China-based Trina Solar Ltd (TSL.N) reported higher-than-expected fourth quarter profit and said its margins widened even as the industry continued to see weaker selling prices for solar modules.
A glut of solar cells and modules pressured prices by about 40 percent last year, but a recent rebound in demand ahead of expected subsidy cuts in Germany has boosted sales for many producers of the renewable energy systems.
Net income rose to $49.2 million, or 74 cents per American Depositary Share, versus a loss of $673,000, or 1 cent per share, in the year-earlier quarter.
That easily topped the 60 cents per share that analysts had on average forecast, according to Thomson Reuters I/B/E/S.
Revenue rose 45 percent to $313.3 million, beating analysts' forecast for $284 million.
Gross margins climbed to 32.6 percent, topping Trina's forecast of 25 percent to 27 percent.
ReutersLabels: Earnings, Solar Stocks, Trina Solar, TSL
Trina Solar Announces New Technology to Boost Conversion Efficiency
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 achieved a breakthrough in its development of monocrystalline cell technology.
As part of the Company's ongoing research and development strategy, Trina Solar has developed a square monocrystalline cell with enhanced power output using its proprietary improved cell manufacturing process. Using specially designed metallization and passivation techniques, the advanced cell structure is expected to significantly boost cell conversion efficiency, achieving up to 18.8% efficiency in test laboratory production. In addition, this technology is expected to improve module output due to increased light absorbing surface area of the square shaped cell.
"We are excited to announce this breakthrough in monocrystalline cell efficiency, which demonstrates the competence of our R&D team and the centrality of product development at Trina Solar," said Jifan Gao, Trina Solar's Chairman and CEO. "Trina Solar will continue to advance its extensive R&D program, aiming to develop solar cell conversion efficiencies of more than 20% over the coming two years."
SourceLabels: solar cells, solar efficiency, Solar Energy, Solar Stocks, Solar Technology, Trina Solar, TSL
Suntech solar panels sold out in early 2010
Supply seems not enough to fill all Suntech's Solar Panels demand,
and prices always rise on those conditions:
- Fully booked on panels through second quarter
- Company sees panel prices stable in Q1
- Expects panel prices to fall in second half of year
Suntech Power Holdings Co Ltd's (STP.N) solar panel is sold out through at least the second quarter of 2010, a company executive said on Tuesday.
"We were basically in a sold-out situation in Q4 and we're in a sold-out situation at least through Q2," Steve Chadima, vice president of external affairs at Suntech, said at a conference hosted by Needham and Co in New York.
"We're basically selling anything we can produce and I know we're not alone," Chadima said.
Demand for solar power products has rebounded after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.
Chinese players such as Suntech, Trina Solar Ltd (TSL.N) and Canadian Solar Inc (CSIQ.O) have seized on rising demand, turning their low-cost structures into sales, and several plan to boost production capacity in 2010.
Labels: Canadian Solar Inc., China, CSIQ, STP, Suntech Power, Trina Solar, TSL
Solar Stock Earnings for tomorrow
Suntech Power and Trina Solar are releasing earnings tomorrow, so the solar stock sector should be moving well tomorrow:
Suntech Power Holdings Co. Ltd. (STP) is scheduled to release its earnings results Thursday. The company currently has an earnings per share ratio (EPS trailing twelve months) of - .30 and investors are hoping to see that number change.
Trina Solar Ltd. (TSL) is scheduled to release its earnings results Thursday. The company currently has an earnings per share ratio (EPS trailing twelve months) of 1.33 and investors are hoping to see that number grow.
Here is Suntech Power's (STP) Chart for today:
Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL
Bullish Solar before Earnings
This week we're going to get some Solar Stock results with Canadian Solar (CSIQ) releasing earnings on the 17th November, Suntech Power (STP) and Trina Solar (TSL) on 19 November.
All of these solar stocks have already a strong bullish run in these last days. The Earnings data could have a big effect, positive or negative, on the whole solar sector so be warned.
Suntech Power Holdings Co., Ltd. chart:
This stock gapped up today, but seems "stuck" in the 50 day moving average for now. Expect some resistance around this price, but remember that the earnings release can change the whole technical aspect of this solar stock.
Labels: Canadian Solar Inc., Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL
Inventory Writedowns Beat down Solar Sector - LDK Solar (LDK) & Suntech Power (STP)
Suntech Power Holdings Co., Ltd. is having a heavy drop today, along with the rest of the sector, on the following news:
We expunged the last exposure to solar Friday [Feb 13: Closing LDK Solar] and frankly this solar sector has been a dog for a long while. [Feb 6, 2009: NYT - Dark Days for Green Energy] [Dec 20, 2008: BusinessWeek - Clouds Over the Solar Industry] The competition we thought would come a few years out [Jan 3, 2008: The Long Term in Solar] is here and combined with the credit issues, and global economic contraction it is ugly out there. After the bell last night, LDK Solar (LDK) lowered its guidance and announced a massive write off of inventory (>$200M!). This will throw their margins into the negative area and lead to losses. The stock was down 13% afterhours - it would not affect us much as we had just a tiny position but it's just a bad time out there in this group.
Suntech Power (STP) - the largest player in China also reported a not so inspiring earnings with inventory write downs as well. Guidance was also not something to hang your hat on.
•Chinese solar company Suntech Power Holdings Co Ltd (STP) posted a quarterly loss on Wednesday as prices and orders for its clean power products fell sharply.
•For the fourth quarter, the company posted a loss of $65.9 million, or 42 cents per American depositary share, compared with a year-earlier profit of $50.6 million, or 29 cents per ADS.
Continue readingLabels: Earnings, solarstocks, STP, Suntech Power, Trina Solar, TSL
Trina Solar sees 2008 revenue meeting target
rina Solar Ltd. said Tuesday that reduced costs will help the manufacturer of solar photovoltaic products meet its 2008 revenue guidance and exceed its estimate for fourth-quarter revenue.
The Changzhou, China-based company said it expects 2008 revenue to meet its previous guidance of $800 million to $850 million. It anticipates revenue for the fourth quarter will exceed its previous estimate of between $190 million and $210 million, Trina Solar (nyse: TSL - news - people ) said.
Wall Street analysts expect quarterly revenue of $194.1 million, and annual revenue of $816 million, according to a poll by Thomson Reuters.
http://www.forbes.com/feeds/ap/2009/02/17/ap6061733.htmlLabels: News, Trina Solar, TSL
Solar Stocks Recover
Solar Stocks are recovering from their lows, with record moves up in titles like SunPower Corporation (SPWRA), SolarFun (SOLF) or JA Solar(JASO).
More updates soon
First Solar (Nasdaq: FSLR) up 16.5% to $108.36. Notably, shares of First Solar were down more than 50% in November prior to Friday's rally.
SunPower (Nasdaq: SPWRA) up 30% to $26.75. The stock is one of the best performing solars today as it has been beaten down the most in November -- SunPower has fallen more than 62%.
JA Solar (Nasdaq: JASO) up 36% to $2.86
Solarfun (Nasdaq: SOLF) up 24.6% to $4.05
Canadian Solar (Nasdaq: CSIQ) up 13.3% to $4.60
ReneSola (NYSE: SOL) up 13.6% to $2.67
LDK Solar (NYSE: LDK) up 10.7% to $12.20
Trina Solar (NYSE: TSL) up 22.8% to $7.81
StreetInsider.comLabels: Canadian Solar, CSIQ, FSLR, JASO, LDK, SOL, solarstocks, SOLF, SPWR, SunPower Corp, TSL
Solar Corrections
The indexes made new lows this month, this time with solar stocks going deep into the red, mainly because of the selling pressure of the global markets as well as the recent Crude Oil correction from historical highs, and the new Solar Tax changes in the U.S.
The crude oil price is very correlated to the solar stocks sector, and while the market is not bullish on the short term, the mid to long term hasn't changed.
FSLR lead the losses with -14% just for the day.
Other solar stock movement for the day:
LDK -13,66%
CSIQ -10%
STP -8,78%The newcomers, Solar Fun (SOLF) and Trina Solar(TSL), were both loosing -17% ahead of the whole group.
And the recent headlines for SunTech Power(STP) and the Solar Tax in USA:
Suntech Supplies Solar Modules to 3MW Project for Leading South Korean Power CompanySolar Stocks Tumble On Reports Solar Investment Tax Credits Could Be Left Out Of Energy BillLabels: CSIQ, FSLR, LDK, Solar Stocks, SOLF, STP, TSL
