Trina Solar (TSL) smashed analyst estimates and reported another quarter of strong quarter over quarter growth, but shares are trading down after being up initially. The company reported an EPS of $1.52 on revenues of $642 million vs the analyst estimate for just $1.09 in EPS on revenues of $525 million. Solar shipments were more than 15% higher than the company previously estimated.
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Here are … Read the rest
Auriga sent over a research report to us this morning, reiterating their cautiously bullish stance on China solar stocks following a 7 day trip throughout China. The firm visited both public and private companies and while positive in the near term for both shipments and pricing, there is some trepidation due to rising costs.
Commenting on earnings season, they feel that while most companies will post beat and raise quarters, some may reveal some margin … Read the rest
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
Everybody wants to get in their predictions for the year and Barclays Capital is providing its thoughts on the solar industry as well according to Barrons. Analyst Vishal Shah notes that the fundamentals were much better than expected last year, but could come under pressure particularly in the second half of the year. He mentions that in order for the solar market to thrive again, US and China demand will need to pick up … Read the rest
Earlier today I posted a summary of Auriga’s bullish outlook on solar stocks for 2011. According to Barrons, Credit Suisse has also posted their outlook for solar stocks this year, but is less bullish. They have a cautious view in the near term and a Market Weight rating on the sector.
Auriga commented on the elasticity of the solar market where demand picks up as prices fall. Credit Suisse notes that this has traditionally … Read the rest
Auriga released its 2011 report on the solar industry last night and I wanted to summarize it a bit here for my readers. Auriga continues to remain generally bullish on the sector and doesn’t buy into the weakening demand + supply glut scenario that several other analysts are predicting for 2011/2012. They predict 23% growth for 2011 and highlight the elasticity of the solar market where as prices decrease demand picks up. They cite a … 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
According to Barrons, Jefferies believes that fears about a slow down in solar business in Germany due to caps on investments in renewable energy are overblown and that Germany is committed to making clean energy 18% of total energy consumption within the next 10 years.
Analyst Jesse Pichel’s visits with officials and companies in the Berlin area indicate that “there will be no German solar cap in 2011, but the [German Environment Ministry] does … Read the rest