President-elect Barack Obama has often repeated his stance on alternative energy. He plans to spend $150 billion over 10 years on alternative energy, not only as part of his energy independence plan, but also in order to help clean the environment, and perhaps most important of all, to create 5 million new jobs.
With Obama winning in the polls, it is no wonder that on Tuesday solar stock prices soared: SunPower Corporation (NASDAQ: SPWRA) finished the day up 14.6%, Suntech Power (NYSE...
So...I wrote about a break in the correlation between oil and solar stocks the day before oil takes a major tumble that crushes solar stocks at the same time. The one-day massive move on September 2 did not re-establish a correlation, but it was jarring nonetheless. All sorts of stops and targets triggered, and I am still trying to sort out the meaning of the action and make plans for the next month or so. At times like these, I find writing to be a great organizing and clarifying tool. I will focus here on explaining my short-term positioning in various solar stocks since I did not do so t
Trina Solar Limited, through its subsidiary, Changzhou Trina Solar Energy Co., Ltd., engages in the manufacture and sale of solar-power products primarily in China. The company’s solar modules provide electric power for residential, commercial, industrial, and other applications worldwide. It produces standard monocrystalline solar modules ranging from 160 watts to 185 watts in power output and multicrystalline solar modules ranging from 190 watts to 220 watts in power output. The company manufactures ingots, wafers, and solar cells for use in its solar module production. It provides silico...
7/16 - "I believe many Chinese Solar companies like Trina Solar (TSL), Yingli (YGE), and LDK (LDK), are good buys after the recent sell off...In the past two weeks, a small perfect storm has forced solar shares much lower. There have been analyst downgrades and concerns over secondary offerings, speculation that Spain might cut subsidies, and in general, a steep sell off in Chinese and US equity markets. These stocks seem to be highly susceptible to fear, greed, analyst remarks, and speculation."
"I think all of the above concerns are mere speed bumps for these companies to roll right over...
In this post we will take a look at the future capital needs and funding requirements of four Chinese polysilicon-based PV Manufacturers.
Briefly, our conclusion, based on current low cash levels, high outstanding short-term debt as a percentage of total capital, and future capital needs, in the form of outstanding purchase obligations listed in recent 20-F filings, is that nearly all of the companies mentioned here will have a significant weakening of balance sheets in the near term, as short-term debt levels soar to support growing operating cash losses and purchase obligations. The prosp
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
It is always tricky trading solar stocks on technicals, because much like the dry bulk shippers they don't seem to trade on technicals much, but simply on macro viewpoints and sentiment. Many times you will sell a solar stock at a traditional resistance point and the whole sector gets into favor and stocks rally 30% in the following 2 weeks. Or vice versa. Perhaps this is why my style of investing falters in the solar sector.
With that said, both Yingli Green Energy (YGE) and Trina Solar (TSL) have been beaten with the ugly stick of late, but have enjoyed a couple of days of rebound. In ...
In this era where the masses only look at what Briefing.com tells <!---->them
and/or never actually open up an earnings report to look inside but
only react to the "headline" number, Trina Solar (TSL) is
giving back Thursday's gains on what I consider to be a stellar
report. The stock is back down to the $46 level, so I'll be adding to
my position when the market opens as I consider this a gift based on
what I saw. I'll explain the reality behind the numbers below.
As anyone in the market for more than a few months knows, earnings are all about "expectations" - Trina Solarreported $0.51 EPS
In early February 2008, I wrote this article giving my thoughts on 11 solar stocks. As you will recall, the stock market was hurting in January, and so were the solar stocks. In that article, I opined that the high-PE stocks in the group - First Solar (FSLR), SunPower (SPWR), and Suntech (STP) - were overpriced, while two were underpriced and screaming “BUY ME.” I further opined that if the market is truly rational, the investment returns on the low-priced stocks would exceed the returns from the high-PE stocks.
In that first article, I submitted a table I had put together, which cal
Cowen is out positive on Trina Solar (NYSE:TSL) this morning, raising their Street high 2008 estimates to to reflect the new GCL supply deal, which boosts secured silicon to 95% of targeted production. We believe Street consensus is too low on operating margin, and too high on interest expense (poly plant interest should be capitalized). Silicon coverage for 2009 also looks good, with perhaps 15% still to come from new sources.
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Raising 2008E E/ADS To $4.05 Vs. Prior $3.64, Street $2.90. They raised revenue to $750MM (vs. prior $710MM, St. $709MM), based on shipments of 195MW (in
Changzhou, China – November 21, 2007 – Trina Solar Limited (NYSE: TSL) (“Trina Solar”, “we”, or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced its financial results for the third quarter of 2007.
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About TRINA SOLAR Ltd.
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President-elect Barack Obama has often repeated his stance on alternative energy. He 
