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.

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“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 Tzou, Chief Strategy Officer of Trina Solar. “Combining Trina Solar’s high-quality modules with SunEdison’s leading solar project capabilities, helps our company to further increase market share, diversify our sales base and enhance recognition of our brand globally.”

Shares of TSL are up about 5% today and have pushed back above the 200 day moving average.  The stock is carving out a bullish wedge formation and may need more time to complete the formation.

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