Morgan Stanley upgraded Trina Solar based on strength in the residential roof-top markets and increased financing for smaller projects. Target to $37.
Trina: Rating to Overweight from Underweight. Target to $37 from $7.30. (Wow, that’s quite a change of heart there.) The reasons for the more bullish stance: an expected industry inflection next year, Trina’s position as a low-cost producer, “and hence its potential to gain market share at the expense of high cost EU and U.S. producers.” He sees TSL driven by “high volume growth, low-to-moderate margins and relatively good working capital management.”
Source: fly & Barrons
June 30, 2009
Rec-Upgrade story about TSL from Morgan Stanley
Posted by Admin at 1:15 PM 0 comments
June 18, 2009
Trina Solar Signs Sales Agreement with Enfinity
CHANGZHOU, China, June 18 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL - News; "Trina Solar" 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, today announced that it has entered into a sales agreement with customer Enfinity NV ("Enfinity"). The agreement was signed in conjunction with the recent Intersolar-Munich Conference, held from May 27 to May 29.
Under the terms of this agreement, Trina Solar will supply Enfinity with approximately 15 MW of PV modules, with shipments scheduled in the current second quarter.
"We are very pleased to announce this new sales agreement with Enfinity, to further strengthen the existing well established partnership with Enfinity. This new contract will significantly help to grow new projects in markets such as Germany, Belgium, Italy and other European solar markets," stated Mr. Arturo Herrero, Vice-President of Sales & Marketing of Trina Solar. "We look forward to keep expanding our relationship with our loyal partner Enfinity by providing high quality modules, premium service and low cost industry leading platform."
"Enfinity is proud of this new sales agreement with Trina Solar. We consider this as a continuation of our good relationship with Trina Solar that supplies Enfinity and its customer base with the best in class solar technology," commented Mr. Gino Van Neer, Founder of Enfinity.
Posted by Admin at 9:53 AM 0 comments
June 16, 2009
Hot Stocks story about TSL
| Hot Stocks story about TSL | ||
Because the solar industry continues its rapid growth, Evolution Solar Corporation (EVSO) has decided to seek acquisitions of existing solar companies to expand its ability to deliver projects for new clients. The Company will focus on acquiring companies with proven distribution and installation experience. EVSO expects to incorporate products produced by, Sun Power (SPWRA), First Solar (FSLR), Trina Solar (TSL), and LDK Solar (LDK). |
Posted by Admin at 7:21 AM 0 comments
Upgrade!
| Trina Solar upgraded to Outperform from Neutral at Macquarie | ||
Target raised to $35 from $27.50 |
Posted by Admin at 7:20 AM 0 comments
June 2, 2009
Recommendations story about TSL from Collins Stewart
Collins Stewart raised its target on Trina following the company's Q1 results and believes the stock offers the "cheapest valuation in the group." Shares remain Buy rated. Target to $30, from$22.
Posted by Admin at 5:08 AM 0 comments