With the bill to extend investment tax credits for renewable energy (finally!) past the Senate, Shares of several stocks that had taken a beating began to rise again. For example, shares of Energy Conversion Devices (ENER), which had taken a nosedive of 18.5% on Tuesday, were back up by 13 percent, to $63.79. Solar Integrated Technologies, one of Energy Conversion Devices major clients, lowered its guidance for the second half of 2008 based in part … Read the rest
Tag Archives: tsl
Trina Solar (TSL) To Top Sunpower (SPWR) and Power the Largest Rooftop Solar Installation
Sunpower (SPWR) announced this morning the installation at Toyota (TM), which is currently the largest North American rooftop installation. Not to be outdone, Trina Solar (TSL) has announced that it take part in what will be the largest solar rooftop installation and has begun shipping 13400 solar PV modules (2.4MW) to power the Atlantic City Convention Center (enough to power 280 homes) and will save the company 4.4 million over 20 years.
Tom Hunton, President … Read the rest
Trina Solar (NYSE: TSL) Signs Sales Contract With Invictus NV
Trina Solar announced that it has signed a 2-year sales agreement with Invictus NV, a Belgian company. Under the agreement, Trina Solar, a prominent manufacturer of solar photovoltaics, will supply Invictus with 20 MW in 2009 and 30 MW in 2010, with an additional 10 MW option for each of those years.
Arturo Herrero, Trina Solar’s Vice President of Sales and Marketing, commented on the deal, saying:
… Read the rest"We look forward to continue working with Invictus,
Solar Energy Gets A Shout-Out From Cowen and Co. Analyst
… Read the restMSN Money reports that on Thursday, Robert W. Stone, an analyst from Cowen and Co, released a report providing an upbeat analysis for solar energy stocks. Assuming a investment tax credit in the US for solar power, as well increased participation from utilities and the states, demand for solar should climb from 6 gigawatts in 2008 to 14 gigawatts in 2010. He also expects use of solar power to grow in Italy and France, and
Trina Solar (TSL) Misses On Currency Fluctuation, Guides Higher
Trina Solar (TSL) reported a very strong quarter and more than doubled profits but missed analyst estimates of .81/share by reporting .76/share after taking out the one time charge for the closing of the polysilicon project in Lianyungang. The company was also hit on currency fluctuations to the tune of .24/share. Revenues came in ahead of estimates and nearly tripled to 204.2 million and the company raised expectations for the year.
Trina Solar (TSL) is … Read the rest
Trina Solar (TSL) & Suntech (STP) Sign Deals With Enel of Italy
Trina Solar (TSL) has entered into a sales agreement with Italy’s largest power company, Enel. The two agreement calls for supplying Enel with a total of 17MW. “We are very pleased to have entered into this sales agreement with Enel, a globally recognized power provider who is committed to investments in new power sources from environmentally-friendly technologies,” stated Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer. “We look forward to building our relationship with … Read the rest
Trina Solar (TSL) Prices $120 Million of Convertible Notes
Trina Solar (TSL) has priced an offering of $120 million of senior convertible notes due 2013 and up to 4073194 ADS shares and has granted the underwriters of the notes the right to purchase an additional $18 million. Trina Solar intends to use the proceeds for the expansion of manufacturing lines for the production of silicon ingots, wafers, solar cells and solar modules, the purchase of raw materials, research and development and other purposes.
The … Read the rest
Trina Solar (TSL) Raises Guidance
Trina Solar (TSL) said it expects 2nd quarter revenue at 200 – 205 million while analysts had expected 174 and also said it expects to meet or beet its 2008 revenue target of 770 – 808 million. “We are very pleased with our strong growth in the second quarter,” said Trina Solar Chairman and CEO Jifan Gao said… Read the rest
Trina Solar (TSL) & Enerpoint Renew Sales Agreement
Trina Solar (TSL) & Enerpoint have agreed to add a new sales agreement which has TSL supplying Enerpoint with 5MW of photovolatic solar modules in 08 and another 22MW in 09.
Arturo Herrero, vice president of sales and marketing at Trina Solar, said: "Trina Solar is pleased to have entered into this renewed sales agreement with Enerpoint to reinforce this important partnership in Italy. Enerpoint’s wide distribution network, together with Trina Solar’s high quality modules … Read the rest