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
Tag Archives: tsl
Auriga, Citi Maintain Buy On Trina Solar (TSL); HSBC Downgrades
Following Trina Solar’s (TSL) earnings results, at least two firms remain bullish on the stock – Auriga and Citi. HSBC wasn’t as impressed and downgraded the stock.
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Auriga reiterates its Buy rating and raised the price target from $36 to $41.
“Management did not disappoint investors with a strong beat and raise scenario on the Q2 conference. However, after raising estimates ahead of the call last … Read the rest
Trina Solar (TSL) Beats, Raises Guidance, But Shares Pressured
Trina Solar (TSL) beat earnings estimates this morning reporting a Q2 EPS of $0.52, 3 cents better than the analyst estimate of $0.49 on revenue of $370.8 million, vs the estimate of $336.8 million. While the numbers beat estimates, the sequential and quarter over quarter growth isn’t impressive. The EPS number is well below last quarter’s .87 and about flat over the year ago quarter EPS of .50 despite revenue more than doubling over that … Read the rest
Barclays Upgrades ReneSola (SOL) & Trina Solar (TSL), Raises Price Targets
Barclays upgraded ReneSola (SOL) from Equalweight to Overweight and increased the price target from $10 – $12.
“Although SOL has been our near-term top pick since Mar ’10, uncertainty with respect to 2011 demand and weak execution track record were some of the factors restraining us from having a more constructive longer term outlook on the shares. We now expect wafer market fundamentals to remain relatively robust in 2011.”
Trina Solar (TSL) In 35MW Supply Deal With SunEdison
Trina Solar (TSL) has announced that its US subsidiary will supply MEMC Electronics (WFR) subsidiary SunEdison with 35MW of solar modules for the rest of this year to be used in projects in the US and Europe.
====> Click Here For Your FREE Trina Solar Technical Analysis
“This collaboration once again demonstrates Trina Solar’s ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market,” said Mr. Sean … Read the rest
Jefferies Bullish On Green Stocks: Buy JASO, YGE, TSL, ITRI, ENS, AMSC; Hold FSLR, CSIQ, SOLF, SPWRA, STP, WFR, ORA
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
Citi on Solar: Buy TSL, Hold YGE, Sell STP
Citi has initiated coverage on a few more solar names, adding Trina Solar (TSL), Yingli Green Energy (YGE) and Suntech Power to its coverage. Hat tip to Street Insider for the analyst commentary.
TSL gets initiated with a Buy rating and price target of $30 which is about 50% higher from current levels. It’s down about 2% today and will face some resistance at the 200 day moving average. “We see solid execution, no need … Read the rest
Trina Solar (TSL) To Supply Solar Modules For Australia Campus
Trina Solar (TSL) will be the supplier of solar modules for a 1.2MW solar system at the University of Queensland in Brisbane, Australia. The roof top systems will be developed by Ingenero and mounted across four buildings at the University. The local government is contributing AUD1.5 million to the project.
====> Click Here For Your FREE Trina Solar Technical Analysis
“The Australian solar market has enormous potential and Trina Solar is pleased to be selected … Read the rest
Trina Solar (TSL) Partners With GEMAC For Entry Into India Solar Market
I’ve always thought it was strange that the India green energy market isn’t much bigger. You just don’t hear about big renewable energy projects going down in India and that remains the case, but I still think this is a big potential market and one the big guys will be looking to get into in the coming years. India has ambitious plans for solar power and hopes to achieve 20GW of solar power within about … Read the rest
Auriga Intersolar Analysis: Solar Industry Fundamentals Strong, Sees Opportunities In FSLR, TSL, YGE, SOLF
Auriga is out this morning with some notes on the solar industry after attending Intersolar in Munich, Germany. The firm believes industry fundamentals remain strong with robust European demand being driven by attractive rates of return on solar projects. They believe that as long as project returns are attractive, and both debt and equity financing remains available, demand for PV projects will continue to surprise versus the bearish outlook.
Here are more notes from the … Read the rest