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Investing

Trina Solar Posts Loss, Outlook Grim (TSL, YGE, HSOL, STP)

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By Paul Ausick Published
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Chinese solar panel maker Trina Solar Ltd. (NYSE: TSL) posted a larger-than-expected net loss today and dragged down other Chinese solar makers including Yingli Green Energy Holding Co. Ltd. (NYSE: YGE), Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL), and Suntech Power Holdings Co. Ltd. (NYSE: STP). But the worse news is still to come.

Germany has announced a deeper-than-expected cut to solar subsidies, and the cuts will come almost a month sooner than expected. A cut of up to 29% on solar subsidies will go into effect on March 9th. Solar panel makers were expecting a 15% cut effective April 1st. Many of the Chinese solar makers watched their share prices climb recently on an anticipated jump in orders to beat the April deadline. Those expectations are now out the window.

Trina’s shares are down nearly -11% at $8.70, in a 52-week range of $5.28-$30.60.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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