This is insane to drop all sector like a dirt bag over a speculation...
Credit Suisse lowered its 2014 demand forecast for solar installations in China.
The analyst firm lowered its forecast to 11.5 GW from 12 GW of solar installation, saying the government's goal of 14 GW for the year will be difficult to achieve.
started getting long tsl again, 12.84. going up to 14 soon. still plenty of time to get long while consolidation in progress. i hope for a trip to 11's to finish filling. filled more nugt 32.8, i still respect duy's call here, but fishing for cheap shares.plan trade out 36's. 38's. still hold aro, even tho their customers are illegal aliens.
Trina Solar (TSL_) stock is soaring in pre-market trading after the company reported better-than-expected earnings in its first quarter.
Before market open, shares had spiked 8.1% to $11.20.
Over the three months to March, the company earned 37 cents a share, 34 cents higher than analysts surveyed by Thomson Reuters expected. However, revenue of $444.8 million was under an estimated $452.55 million.
looks like good ole sell may in progress, ibd says-
The top 20 suppliers of solar photovoltaic modules, including Trina Solar (TSL), are guiding for a more than 30% increase in shipments in 2014, says NPD Solarbuzz.
Besides Trina, other suppliers forecasting the most aggressive growth include JinkoSolar Holding (JKS) and Canadian Solar (CSIQ), with the upper end of their guidance exceeding 40%, the NPD report said. The supplier forecasting the highest shipment volume in 2014 is Yingli Green Energy (YGE).
The top 20 module suppliers account for two-thirds of global shipments, says Ray Lian, an analyst at NPD Solarbuzz.
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Trina Solar is scheduled to report first-quarter earnings before the market open Wednesday. The consensus estimate is for earnings per share minus items of 3 cents, swinging from a loss of 90 cents a share in the year-earlier quarter. The analyst consensus on revenue is $452.5 million, up 74%, and the fourth quarter in a row of double-digit gains.
Still, Trina Solar stock was down 4%, near 10, in afternoon trading in the stock market today.
you have to take advantage of manipulators giving you a price break. the only thing i worry about in solar is the sudden announcement of secondary offerings. been expecting tsl to do that for the past year, but since they didn't when the stock was $18, i feel a bit safer.