Posts for Ticker ‘TSL’

Waves and Waves of Secondary Pricings (CVGI, CPA, G, HIG, HRP, NLST, SB, TSL)

This week week may have been a record for any recent period on how many secondary offerings came to market combined with how many specific filings were made to raise funds for public companies.  And the filings became pricings as corporations decided to use the unusual market strength to bolster their books.  In some cases it was just for insiders or holders to sell.  The key pricings were in Commercial Vehicle Group Inc. (NASDAQ: CVGI), Copa Holdings, S.A. (NYSE: CPA), Genpact Ltd. (NYSE: G), The Hartford Financial Services Group, Inc. (NYSE: HIG), HRPT Properties Trust (NYSE: HRP), Netlist, Inc. (NASDAQ: NLST), Safe Bulkers, Inc. (NYSE: SB), and Trina Solar Limited (NYSE: TSL).

We have provided the size and price of each deal with the relative price movement, underwriters, share impact, and comparisons on the size of the company if applicable.

Read More »

Pages: 1 2
Posted on: March 19, 2010 – 9:14 am in Secondary Offering, Trading Alert, , , , , , , ,

Trina Solar Joins Secondary Offering Waves (TSL)

Trina Solar Limited (NYSE: TSL) is joining on the open floodgates of secondary offerings this week.  Yesterday we had filings for or pricing in almost 20 deals, and that number is greater now.  Last night the solar player filed to sell up to 7,900,000 ADSs, with each ADS representing 50 ordinary shares.  If the deal went at yesterday’s closing price the total amount raised would be about $180 million.

Read More »

Posted on: March 18, 2010 – 8:19 am in Alternative Energy, Green Biz, Secondary Offering,

Chinese Solar Stocks Take Off (YGE, JASO, CSIQ, STP, TSL)

Chinese Solar stocks, as measured by Tickerspy’s Chinese Solar Stocks Index (*CHSOL), are up over 4.5% today.  The solar sector has performed poorly in recent weeks as a policy shift in Germany, the world’s largest solar market, will be reducing the country’s feed-in-tariff that promote the use of solar power.  Today, the Christian Social Union, a major German political party, announced that will push for a delay in reducing incentives to use solar power, a move has driven up shares in nearly every publicly traded solar company.

Chinese solar stock, in particular, have performed well.  Chinese companies are better equipped to withstand a more competitive market for solar power in Germany due to their low cost of production.  Today Jefferies & Co. analysts Paul Clegg upgraded the entire Chinese solar industry.  Yingli Green Energy Hold. Co. (NYSE: YGE) rose the most out of the group, gaining over 6.7% today.

Garrett W. McIntyre

Posted on: January 26, 2010 – 2:23 pm in Analyst Calls, , , , , , , , , , , , ,

52-Week High Club (DCI, NTAP, TSL)

Donaldson Company Inc (NYSE: DCI) rose over 8.5% to a yearly high of $45.19 after the air filter maker reported 3Q earnings of $0.45 per share, beating analyst estimates.  

NetApp Inc. (NASDAQ: NTAP) rose over 5.5% to a yearly high of $31.25 after the server maker reported profits of $0.37 per share, beating analysts estimates.  

Trina Solar Limited (NYSE: TSL) rose over 9.5% to a yearly high of $46.80 after the Chinese solar company reported 3Q profits of $1.29 per share, beating analyst estimates by nearly 50%.  

Garrett W. McIntyre

Posted on: November 19, 2009 – 7:05 pm in Autos, Earnings, Technology Companies, , , ,

First Solar Makes a Sale (ENB, FSLR, YGE, TSL, STP)

biotechCanadian oil and gas pipeline company Enbridge Inc. (NYSE:ENB) today announced that it would purchase a 20 megawatt solar generation plant from First Solar, Inc. (NASDAQ:FSLR). No purchase price was given for the plant, which is located near Sarnia, Ontario, but Enbridge’s CEO said that the company would invest about $100 million on solar energy projects in 2009. Read More »

Posted on: October 2, 2009 – 10:45 am in Alternative Energy, Green Biz, , , , ,

Trina Solar Extends Contract; Suntech Completes Utility-Scale Solar Plant; LDK Solar Loses Ground (TSL, STP, LDK)

biotech

Chinese solar PV maker Trina Solar Ltd. (TSL) has announced a five-year contract extension with another Chinese company that produces polysilicon and solar wafers. Trina plans to use the materials to produce about 8,500 megawatts of solar modules over the next 13 years.

The original contract began in April 2008 and was to run for eight years. This extension does not change any terms of that contract; it adds five years beginning in 2016 at already agreed-upon volumes and prices, though a price adjustment is possible based on market prices. Read More »

Posted on: September 30, 2009 – 11:04 am in Alternative Energy, Green Biz, , ,

Top Day Trader Alerts (HD, LOW, CIT, GERN, TSL, NVAX, HURN, RIMM)

These are this Tuesday’s top day trader and active stock alerts.  We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:

The Home Depot, Inc. (NYSE: HD) managed to do better than rival Lowe’s Companies (NYSE: LOW) and shares were up 4%.

CIT Group, Inc. (NYSE: CIT) has pulled an about-face and is now higher after its big loss.

Geron Corporation (NASDAQ: GERN) is down sharply on its IND application delay.

Trina Solar Ltd. (NYSE: TSL) is trading up over 3% after the Chinese solar player managed to beat earnings estimates.

Novavax Inc. (NASDAQ: NVAX) is soaring 10% on swine flu vaccine news.

Huron Consulting Group Inc. (NASDAQ: HURN) is surging over 25% on a partial redemption of its accounting woes.

Research in Motion Ltd. (NASDAQ: RIMM) is up 2.5% but may be more active after an analyst is calling for a double.

JON C. OGG
AUGUST 18, 2009

Posted on: August 18, 2009 – 9:06 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Solar Subsidy Realities Sink In (LDK, STP, TSL, CSUN, JASO)

Solar Panel PicThe excitement in solar shares yesterday is already being met by selling and quick profit taking this morning.  Yesterday’s news of the China subsidy that may bring in another 500-MW over the next two years or more may have more bark than bite.  Of course this is far from bad news.  But major players from China are giving back the gains as the realities of the news set in.  LDK Solar Co. Ltd. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL), China Sunergy Co. Ltd. (NASDAQ: CSUN), and JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) are mostly lower.
Read More »

Posted on: July 22, 2009 – 9:32 am in ADR, Alternative Energy, China, Green Biz, Politics, , , , ,

Will China Subsidies Save Solar Stocks? (LDK, STP, TSL, CSUN, JASO, FSLR, WFR, SPWRA, ENER, SOLR, CSIQ)

Solar Panel PicIf you saw how solar power stocks ran up today, you might think it was tied to higher energy prices from last week.  But the news that that ran shares is that the Chinese government plans to offer what appears to be some rather high subsidies for solar projects.  Due to the sizes and location of the Chinese companies and the desire for China to help Chinese companies, it seems that LDK Solar Co. Ltd. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL), China Sunergy Co. Ltd. (NASDAQ: CSUN), and JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) would be the largest beneficiaries.   Today is proof that many others can win outside of earnings news during earnings season.
Read More »

Posted on: July 21, 2009 – 5:09 pm in ADR, Alternative Energy, China, Green Biz, Politics, , , , , , , , , , ,

Squashing A Solar Joint Venture (SPIR, TSL)

Solar Panel PicSpire Corporation (Nasdaq: SPIR) has announced that it has reached an agreement with Gloria Solar Co., Ltd. in Taiwan to liquidate their joint venture called Gloria Spire Solar, LLC.  The venture performed PV systems integration within the United States.  Spire is company which provides turnkey solar factories and capital equipment to manufacture photovoltaic modules and Gloria is a PV module manufacturing company.
Read More »

Posted on: June 11, 2009 – 2:10 pm in Alternative Energy, Green Biz, ,

Trina, A Bit of Sunshine in the Solar Space (TSL)

Solar Panel PicAnother Chinese integrated PV solar maker, Trina Solar Limited (NYSE:TSL) has reported less than was expected for its first quarter 2009. The net loss per fully diluted ADS was -$0.42, compared with a loss of -$0.03 in the fourth quarter of 2008. Revenues also fell sequentially, from $216.3 million to $132.1 million. Analysts had been expecting a net loss of -$0.08 per ADS on revenues of $142.5 million.
Read More »

Posted on: May 28, 2009 – 8:29 am in Alternative Energy, Earnings, Green Biz, Uncategorized,

Will Solar Conference Address Slowing Trends? (FSLR, STP, AMAT, AKNS, TSL)

solar-panel-pic12Solar industry consulting firm, Solarplaza, hosting a conference on “The Solar Future” on May 26th in Munich, Germany. Speakers from First Solar, Inc. (NASDAQ:FSLR), Suntech Power Holdings Co. Ltd. (NYSE:STP), and Q-Cells as well as industry analysts will discuss what is on the horizon for the solar industry.  Other companies which are listed at the conference’s site here are Applied Materials (NASDAQ: AMAT), Akeena Solar, Inc. (NASDAQ: AKNS), and Trina Solar Ltd. (NYSE: TSL).
Read More »

Posted on: April 29, 2009 – 10:49 am in Alternative Energy, Green Biz, Semiconductors, , , , ,

Trina Solar Grabs Business in Germany (TSL, JASO, LDK)

solar-panel-pic5Chinese solar PV maker Trina Solar Limited (NYSE:TSL) has signed a deal with three different German solar customers to deliver about 42 megawatts of photovoltaic modules in 2009. The announcement did not include any dollar amount.
Read More »

Posted on: April 20, 2009 – 8:40 am in Alternative Energy, Green Biz, , ,

Key Solar Stocks Hit By Downgrades (FSLR, STP, TSL)

solar-panel-pic23After the huge run up in solar stocks on Thursday, there are actually several key downgrades this morning.  These are the main ones we have seen so far:

First Solar (NASDAQ: FSLR) Cut to Hold at Collins Stewart; stock indicated down 3%.
Suntech Power Holdings (NYSE: STP) Cut to Underperform at Oppenheimer; stock down 5% in early indications.
Trina Solar (NYSE: TSL) Cut to Underperform at FBR; stock indicated down 2%.

JON C. OGG
March 27, 2009

Posted on: March 27, 2009 – 6:40 am in Alternative Energy, Analyst Calls, Green Biz, , ,

Trina Solar, When Losses Are Still Bad (TSL)

solar-panel-pic4Chinese PV solar maker Trina Solar Limited (NYSE: TSL) reported a net EPS loss this morning of -$0.03, compared with estimates of a loss of -$0.04. Revenue of $216.3 million beat estimates of $201.31 million, but were off 25.6% sequentially and up 113.4% year-over-year.

For the first quarter, Trina expects to ship 50-55 MW of PV modules at a gross margin level of 15%-17%. That’s down sequentially from 57.59 MW in the fourth quarter of 2008, while gross margin expectations are up from 9.6% in the fourth quarter, though well below third quarter gross margins of 22.4%. The lower fourth quarter margin was off 7.9% due to a non-cash inventory provision.  Trina shares are off about 2% at $5.83, although the volume so far is thin enough that you might wonder if anyone cares.

Paul Ausick
March 3, 2009

Posted on: March 3, 2009 – 10:01 am in Alternative Energy, Earnings, Green Biz,

Barclays Initiates Solar Power Stocks (YGE, SOLF, CSUN, LDK, SOL, TSL)

solar_panel_picBarclays Capital initiated coverage of several stocks in the solar energy sector this morning.  Most of these ratings are cautious, although there was at least one positive call in the solar sector.

Yingli Green Energy (YGE) was rated overweight.  Solarfun Power (SOLF) was started as underweight.  China Sunergy (CSUN), LDK Solar (LDK), ReneSola (SOL), and Trina Solar (TSL) were all started as equal weight.

Jon C. Ogg

February 9, 2009

Posted on: February 9, 2009 – 8:42 am in Alternative Energy, Analyst Calls, , , , , , , , ,

Early Bird Analyst Downgrades (ASTI, KO, DT, ESLR, K, PEP, TSL)

Down_arrow_red_2These are some of the top early bird downgrades or negative calls we have seen from analysts on Wall Street this Tuesday morning:

  • Ascent Solar (ASTI) Cut to Underweight at JPMorgan.
  • Coca-Cola (KO) Cut to Neutral at UBS.
  • Deutsche Telekom (DT) Cut to Hold at Deutsche Bank.
  • Evergreen Solar (ESLR) Cut to Underweight at JPMorgan.
  • Kellogg (K) Cut to Neutral at UBS.
  • PepsiCo (PEP) Cut to Neutral at UBS.
  • Trina Solar (TSL) Cut to Hold at Deutsche Bank.

Jon C. Ogg
November 18, 2008

Posted on: November 18, 2008 – 7:29 am in Analyst Calls, , , , , , ,

The 52-Week Low Club (TSL)(RBS)(GGP)(SANM)

Sad_clownGeneral Growth Properties (CGP) Trouble re-financing. Down to $3,51 from 52-week $57.84,

Trina Solar (TSL) Solar stocks downgraded on oversupply. Falls to $12.43 from 52-week high of $68.25.

Royal Bk Scotland Group (RBS) Worries about capital adequacy of UK banks. Down to $1.41 from 52-week high of $11.22.

Sanmina (SANM) Downgraded by Credit Suisse. Falls to $.93 from 52-week high of $2.66.

Douglas A. McIntyre

Posted on: October 7, 2008 – 2:58 pm in HI/LOW, , , ,

Trina Solar Files Securities Shelf (TSL)

Trina Solar Limited (NYSE: TSL) has filed a mixed securities open shelf registration to allow it to raise capital in the near future if it desires.  The company has listed that it may sell Ordinary shares, Preferred shares, Depositary shares, Debt securities, and Warrants.

The company has said that it may offer and sell the securities in any combination from time to time in one or more offerings. Also noted was that the debt securities and warrants may be convertible into or exercisable or exchangeable for ordinary shares, preferred shares, depository shares or our other securities.

While Trina Solar did not specify the amount that it will (or can) sell), its market cap was $756.9 million as of yesterday.  Shares are down over 4% at $29.05 on dilution concerns and the 52-week trading range is $25.88 to $73.06.

Jon C. Ogg
July 15, 2008

Posted on: July 15, 2008 – 8:01 am in Alternative Energy, Secondary Offering,

Trina Solar Beats, Fails To Please (TSL)

Trina Solar Limited (NYSE: TSL) has just posted its quarterly earnings report.  The solar player posted net revenues increased to $120.7 million, up 183.6% year-over-year and 19.0% sequentially; while net income was $12.9 million and earnings per fully-diluted ADS was $0.51.  First call estimates were $0.48 EPS on $116.9 million in revenues.  Gross margin was 25.8% and Operating margin was 16.7%.  Solar module shipments were 29.49 MW, up 180.3% from 10.52 MW in the Q1-2007 and up 23.3% Q4-2007.

In the second Quarter the company expects to ship between 43 MW and 45 MW of PV modules and has revenues in the range of $169 million to $177 million with gross margin between 23% and 25% and estimates operating margin to be between 13.5% to 15%.  First Call’s revenues expectations are $168 million.

For fiscal-2008 it sees revenues in a range of $770 million to $808 million, with PV module shipments between 200 MW to 210 MW, with gross margin between 23% and 25% and believes operating margin between 15% to 17%.  First Call revenue expectations for the year are projected to be $756.46 million.

As of March 31, 2008, the Company had $38.2 million in cash and cash equivalents, which excludes the Company’s restricted cash balance of $126.0 million.  Trina has also noted that it has now secured approximately 95% of its estimated silicon feedstock requirements for 2008.

Trina Solar closed at $49.63 yesterday ahead of earnings, and and shares are indicated down almost $3.00 in very early pre-market trading.  Wall Street may be focusing on those gross margin numbers, or it may have just wanted to see much more compared to forward estimates.

Jon C. Ogg
June 6, 2008

Posted on: June 6, 2008 – 7:13 am in Alternative Energy, Earnings,