Trina Solar Shares Slip

- Trina Solar Shares Slip



Aug 2, 2011

Shares of Trina Solar Ltd.(NYSE:TSL) fell over 6% Tuesday in premarket trading after the company lowered its expectation for shipments of solar modules and profit margins in the second quarter.

Trina, a Chinese solar module maker, reported that it expects to report module shipments in the range of 395 to 397 megawatts for the three month period ended June 30. The company formerly said it would ship between 430 and 450 megawatts. Overall profit margins also were lowered to between 17 and 17.5%, compared with earlier forecasts of margin percentages in the "low 20s."

Company officials said shipments and profit margins suffered as demand for solar modules slowed down, in part because Italy cut solar subsidies.

Chairman and CEO Jifan Gao said, "We expect a significant improvement in production costs and an increase in shipment volumes in the third quarter."

Trina retained its prediction for 2011 shipments between 1.75 and 1.8 gigawatts. That's a rise of 65.6 to 70.3% from last year. The company will report its second-quarter results on Aug. 23.

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Trina Solar Shares Fall After Audit Chairman Resigns

- Trina Solar Shares Fall After Audit Chairman Resigns



Jul 12, 2011

Trina Solar Limited (NYSE:TSL) shares dropped more than 15% so far today following the company's announcement that their independent director and chairman of the audit, Peter Mark resigned on July 10 to focus on additional personal and professional pursuits.

The company named Jerome Corcoran to replace Mark's role.

Trina Solar has a potential upside of 67% based on a current price of $17.23 and an average consensus analyst price target of $28.77.

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Cowen Cuts Estimates on Solar Companies

- Cowen Cuts Estimates on Solar Companies



Jun 17, 2011

Cowen Lowered its estimates on First Solar (NASDAQ:FSLR), Suntech (NYSE:STP) and Trina Solar (NYSE:TSL) after revising its model to account for price erosion in the solar industry. The firm believes First Solar will emerge as a long-term winner citing its low cost, strong margins and balance sheet. Cowen believes Suntech is also well positioned due to its product quality and brand name. The firm believes Trina Solar will emerge a winner in a consolidating market citing its capital position and low cost structure. Shares of all three names remain Outperform rated.

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