Article courtesy of ForexTraders.com …
The year of 2010 will be remembered for its uncertainty and bouts of risk aversion, but it also ended with a rise in values across the board, signaling a potential economic recovery on a global scale. The major benefactors appeared to be shareholders of portfolios heavy in commodities, as run ups in value there were steep and unsustainable. As 2011 dawned, interest appears to have returned to the green sector, … Read the rest
Even as many of the solar industry experts are calling for a difficult year next year, the top solar companies continue to announce expansion plans. Trina Solar (TSL) is another one. The company recently announced that it will invest $800 million over the next three years in the Changzhou Trina PV Park to expand manufacturing and R&D.
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“We are pleased to announce the continuing … Read the rest
GT Solar (SOLR) has announced some decent sized orders recently and today it announced another one. The company received a $24 million order from Trina Solar (TSL) for its DSS450HP crystalline ingot growth system allowing TSL to increase capacity next year.
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“Trina Solar is one of the top ten PV cell and module manufacturers and we are pleased that they have selected our DSS450HP systems … Read the rest
Trina Solar (TSL) is out this morning indicating that 2011 will be another good year for the company. CFO Terry Wang told reporters at a Reuters conference that he expects any slowdown in Europe next year to be neutralized by a pick up in US orders. In fact, the company not only doesn’t see a slowdown next year, but expects gross profits and net profits to accelerate and an increase in their global market share … Read the rest
Auriga posted a few more solar calls recently. This morning they initiated coverage of ReneSola (SOL) with a Buy rating and a $20 price target which is more than double the current level ($8.40). The believe sentiment is overly negative on this China solar leader. The firm notes that SOL benefits whether poly prices stay high (by focusing on wafering operations) or if module prices move lower (by sourcing more modules with its low cost … Read the rest
Trina Solar (TSL) as expected has posted impressive Q3 results this morning, but it’s not enough and the stock is trading down more than 5%. The company reported an an EPS of $1.08/share which is well ahead of the analyst estimate of .87/share on revenues of $508 million vs the analyst estimate of just $420 million. Solar shipments came in much better than the previous estimate of 250 – 260MW at 290MW and gross margins … Read the rest
Auriga is out this morning maintaining its Buy rating and raising the price target to $38 on Trina Solar (TSL) ahead of its earnings report next Tuesday. They believe the company has been selling at higher prices and higher volumes than the Street predicts to finish out 2010 and that 2011 will be stronger than expected as well.
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The firm believes the company … Read the rest
Hapoalim Securities is raising its 2010 and 2011 estimates on Trina Solar (TSL) and is raising the price target from $21 – $27 driven by firm pricing, a rebounding Euro and lower input costs. Shares of TSL were hit hard on Friday with heavy volume, but held support at the 200 day moving average and our recovering a bit today.
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Hapoalim is also raising … Read the rest
Jefferies reiterated its Buy ratings on Trina Solar (TSL), Yingli Green Energy (YGE), JA Solar (JASO) and Solarfun (SOLF) this morning. The firm believes more German & Japanese brands will source modules from China to cut costs. They believe JASO and SOLF will benefit the most while TSL and YGE may not be willing to manufacture for other brands. Shares of the China solar stocks are flat to down today after a nice run … Read the rest
In recent days, California has proposed legislation that would help kick start smaller scale solar projects (1 – 20MW) using a feed-in-tariff system, but the rates would be set by an open bidding process which would help curb excessive rates for consumers while generating fair returns for the developer. The Renewable Auction Mechanism (RAM) as it’s called is just a proposal at this point, but a final ruling could come within 30 days. It’s likely … Read the rest