Trina Solar (TSL) Raises Guidance

Posted by | # |
11:50:42 am on October 15, 2008

As if to provide a large middle finger to FBR analyst Mehdi Hosseini, who yesterday cut the target price of Trina Solar (TSL) in half based on silicon supply shortages, Trina Solar (TSL) is out this morning actually raising its guidance, citing strong sales and distribution of products.  The company now expects 3rd quarter revenues in the range of 285 – 294 million, up from a range of 250 -265.

“We expect to strengthen our operating cash flows over the third and fourth quarters of 2008, which combined with the proceeds from our senior convertible notes offering, will greatly enhance our cash position for future operations,” said TSL CEO Jifan Gao. 

Trina Solar (TSL) is up about 2% in weak market on the news. 

Tags: , , , ,
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


No comments yet.

Leave a comment