Posted 04/30/2010 07:12 PM ET
Trina Solar (TSL) ranks as one of China's most underappreciated solar companies, according to analysts at Auriga.
The solar module maker's strengths include a strong management team and a nimble approach that's helped it cut processing costs, the investment firm's analysts said in an April 13 note.
Trina plans to report its first-quarter results in late May. Per-share profit is expected to surge 259% to 61 cents, as sales climb 145% to $323.7 million.
One rival's first-quarter report last week has boosted optimism about the solar sector. First Solar (FSLR) reported profit and sales that beat views last Wednesday. The firm also hiked its 2010 profit target.
Planned cuts to solar subsidies in Germany, the No. 1 solar market, have pulled demand for the renewable power source forward, Reuters said. Developers are rushing to install new systems before the subsidies are reduced.
But that also highlights one of the challenges facing Trina and its rivals: The sector is dependent on various government incentive programs that can come and go.
With that in mind, Trina has said it's working to sell to a range of countries, noting that Germany accounted for "only one-third" of its shipments in 2009.
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