Trina Solar (TSL) landed a 40MW deal to supply solar modules to ITEC of Germany last week and today its landed another 40MW German order, this time from AE Photonics to be delivered this year. Half will be delivered in the first half of the year with agreed pricing in the first quarter. Very similar to the ITEC deal.
The news didn’t help the stock at all today, as China stocks were hammered again along with the overall market. Trina was down about 7% today as it continues to break down below the 50 day moving average. I’ll be looking for an entry in Trina only if it gets close to the 200 day moving average around 17.