Trina Solar (TSL) Investing Nearly $1 Billion Over 3Yrs To Expand Manufacturing/Research

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12:47:51 pm on December 28, 2010

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 investments in our capacity expansion and R&D within the Changzhou Trina PV Park to meet the increasing global demand for our PV products and brand,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar. “The investments will also include the establishment of our State Key PV Research Laboratory to accelerate the advancement and delivery of new technologies and products to solidify our position as a global PV industry leader.”

Technically, shares of TSL have remained weak in recent weeks and continue to trade below both the 50 and 200 day moving averages.  While I like TSL fundamentally and it remains a solar leader, the stock is leaning to the bearish side for now and may offer a better place to add shares in the coming weeks.

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