Trina Solar (TSL) Announces 42MW In New Germany Orders

Trina Solar (TSL) is announcing 3 new sales agreements with (yet unnamed with the exception of Bull Solar for 12MW) customers in Germany for delivery this year and totaling 42MW which is about 20% of what the company delivered all of last year so a decent sized order.

“We are pleased to see continued demand growth from traditional markets such as Germany,” said Arturo Herrero, Trina Solar’s Vice President of Sales & Marketing. “With our recognized high quality and established low cost platform, we expect to capture more market share in both established and emerging PV markets, such as Australia, the Benelux market, China, France, Greece, Korea and the United States.”

With the recent big run up in TSL shares and the profit taking in the overall market today, no surprise that it’s trading relatively flat on the news today.  All the solar names are overextended at this point but will offer nice entries on pull backs to support areas.

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