Thu, Apr 17, 2014, 5:25 AM EDT - U.S. Markets open in 4 hrs 5 mins

Recent

% | $
Quotes you view appear here for quick access.

Trina Solar Limited Message Board

zz_azimi 33 posts  |  Last Activity: Apr 14, 2014 10:56 AM Member since: Oct 11, 2006
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Still in R&D but coming. That tech would change the world. GTAT best in class stock

  • for domestic billing. ITG is the axe in GRPN

  • Analysts at UBS raised the price target on GT Advanced Technologies (GTAT) to $22 from $20 suggesting 31% upside. It maintained its “Buy” rating on GTAT shares.

    “GT’s new products’ portfolio includes 1) Hyperion, a high power ion implant tool for making thin sheets of mono-crystalline materials (estimate $1bn market by 2017); 2) Merlin, a lower cost material alternative for solar cell interconnects replacing silver (est. $1bn market by 2017); 3) Deposition tools (HVPE and PVD) for making LED epi wafer templates (est. $100M market by 2017), and 4) HiCZ furnaces making mono-crystalline solar wafers (estimate $1bn market by 2017).” UBS said in a note to clients.

    “We believe new product sales which will help lower sales exposure to Apple to be a positive in the longer run and estimate GT’s gross margins on the new products to be in-line with its corporate average. We estimate equipment gross margin to be in a range of 35-40% and materials gross margin to be in 25-30% range. We expect Hyperion for sapphire and Merlin for solar to be the most meaningful contributors to GT’s sales in 2016 with initial orders expected in 2H14.” it added

  • Beijing-based market research firm Marbridge Consulting Ltd. reported that Alibaba, China’s biggest e-commerce company, is negotiating the terms of an investment.

  • “We believe one of GT’s analyst meeting highlights could be its HVPE tool and its licensed PVD tool from Kyma Technologies and how both tools combined might potentially enable customers to make solar cells directly onto mobile devices for battery charging purposes. We would view usage of any equipment in GT’s existing portfolio that expands its addressable market positively.” it added

  • Goldman Sachs reiterated a Buy rating on GT Advanced Tech (NASDAQ: GTAT) with a price target of $20.00. Comments follow announcement it signed of a $336 million supply agreement with Cosmos Chemicals Berhad to provide equipment and technology for a 25,0000 metric ton annual (MTA) polysilicon facility, a project sponsored by Saudi Arabia based Project Management & Development Company (PMD), that will be located in Sarawak, Malaysia.

    "We reiterate our Buy rating on GTAT and continue to view the company as well positioned to benefit from an emerging polysilicon capex recovery – a supporting tenet of our positive thesis from our initiation of coverage (see our March 3 report). We estimate GTAT will supply 40-60 of its latest SDR CVD reactors for the proposed 25,000mt facility, worth $200-$300mn in revenue and representing a portion of the $1.8-$2.0bn of potential polysilicon projects we currently track. We see the PMD/Cosmos proposed facility as a positive signal for a potential capex recovery in polysilicon given its implication that (1) proposed projects are beginning to find traction and move forward, with the potential to drive new orders for GTAT moving into the latter part of 2014 and (2) GTAT was able to expand its relationships with customers in the burgeoning polysilicon industry in the Middle East (e.g., PMD)," said analyst Brian Lee.

    "We believe the market is currently only discounting $0.50-$1.00 per share of value for GTAT's legacy equipment backlog, which we expect may see a valuation reset as the polysilicon capex cycle positively inflects. We also expect a deep dive into recent equipment innovations and updates on its new technology strategy at the company’s analyst briefing on March 14 – a potential catalyst, in our view," he added.

  • BofA Merrill Lynch raises price target on GT Advanced Technologies to $21.50
    March 11, 2014 BofA Merrill Lynch raises price target on GT Advanced Technologies to $21.50

    In a report published today BofA Merrill Lynch raised the price target on GT Advanced Technologies (GTAT) to $21.50 from $18.50 and Reiterated its “Buy” rating on the stock.

    “GTAT announced a new agreement with Cosmos Chemicals Berhad to supply poly reactor and technology (we estimate FBR technology to make TCS, Siemens to make silicon) worth $336M for a 25K MT/annum polysilicon facility in Malaysia. Given that GTAT’s polysilicon backlog was ~$300M exiting C4Q13 and the orders were well below that, this news is incremental, in our view. This also highlights the fact that GTAT is more than just an AAPL supplier.” BofA Merrill Lynch said

    “We reiterate our Buy rating. GTAT should benefit as the supplier of Sapphire for mobile applications to AAPL, the polysilicon reactor (non-sapphire) segment bottomed out in the December quarter (4Q13 revs 98% below the peak in C1Q12). As fundamentals improve, the rev/EPS should recover off the trough levels in CY13.” it added

  • Ocean Rig Athena, last of the three sister-drillships, will be delivered in March. Has a backlog of $757 million. That might give the firepower to drive price higer than $5. So any day now

  • Rates for capesize bulkers trading in both the spot and period markets were on the rise yet again this week and some of the most notable names in shipping appear to be cashing in on the action.
    Analysts say there's been an uptick in demand for capes to move iron ore from Brazil to China due to the recent dip in ore prices.
    On Wednesday the Baltic Exchange noted there are rumours that a cape controlled by Navios Maritime Holdings (Navios) of Greece was fixed for $30,000 a day.
    In a daily market note the organisation said the 179,200-dwt Navios Etoile (built 2010) was taken for a year but admitted the identity of the charterer isn’t clear.
    Brokers claim Cargill paid $29,000 per day for the 169,053-dwt Navios Antares (built 2010) in a fixture with the same duration but noted the cape was relet to the charterer, which means it’s unlikely that Navios is poised to profit from this transaction.
    It is also widely believed that the same commodities trader picked up the 203,100-dwt Newmax (built 2012) from Athens-based bulker operator Transmed Shipping for 24 months at a rate of $31,000 daily, the Baltic Exchange told members today.
    Market sources say SwissMarine has been active on the period front as well after firming up a fixture tied to the 181,000-dwt Frontier Expedition (built 2013), which fetched approximately $28,000 per day in a deal with a duration of 11 to 13 months.
    These contacts also claim the same charterer decided to hang on to the 180,100-dwt Pacific Resource (built 2010) for another year at a rate of $27,800 per day but were unable to agree on how much the ship had been earning prior to the extension.
    In response to the rising tide of premium period deals Fearnleys and other European brokerages that follow the drybulk market are telling clients they would not be surprised to see freight rates surpass the $30,000 mark with increased regularity in the coming week.

  • Chinese solar bear Raymond James analyst Pavel Molchanov said, just like last quarter, the earnings quality is not good:

    Recall, in 3Q Trina achieved profitability for the first time in two years, but only slightly, and with all of the EPS coming from a currency gain and an income tax benefit. It was a similar picture in 4Q, with “other” income and a reversal of accounts receivable provisions comprising the bulk of the modest earnings

  • Tim Cook Says Apple's Sapphire Facility Is for 'Secret Project'
    Friday February 28, 2014 2:19 pm PST by Jordan Golson
    Sapphire BouleWhen asked about Apple's U.S. manufacturing efforts during a question-and-answer session with Apple shareholders today, CEO Tim Cook said the company's new sapphire production facility was for a "secret project" that he couldn't talk about, according to a report in The Wall Street Journal.

    Cook did not give any more information, but did say separately that the company is working on "extensions of what we're already doing" and also "things you can't see". He reiterated that secrecy is important because Apple is "getting ripped off left, right and sideways" by competitors.

    In response to a question about manufacturing in the U.S., Cook pointed to a plant a supplier recently opened in Arizona to produce sapphire exclusively for Apple. There’s been speculation that Apple may use the super-hard sapphire to produce scratch-resistant screens for future iPhones. Cook said the Arizona facility was a "secret project" that he couldn’t talk about.

    But then, he said other Apple suppliers "already make" glass for iPhones in the U.S. An Apple spokeswoman declined additional comment.

    Apple routinely denies having any particular new project in the works, so it's possible that a future iPhone model with an ultra-durable sapphire screen is the "secret project" to which Cook is referring, though there are a number of other possibilities for sapphire crystal including a potential smart watch product.

    Cook previously confirmed that the plant would make sapphire, but the company has thus far refused to say anything more about it. He also said that investors should plan to hold Apple stock for the long term, saying to investors looking for a quick turnaround, "I encourage you not to invest in Apple."

  • Polypore may be designed into cars from major OEMs. Stifel says Polypore management repeated its expectation to be designed in to over 100 vehicles by 2015/2016 and the company's comments implied those are expected to be with major brand carmakers. Stifel continues to view Polypore as competitively well positioned.

  • Wedbush reiterated an Outperform rating on Polypore International (NYSE: PPO) with a price target of $38.00. Analyst Craig Irwin thinks Tesla's Giga Facility could drive an attractive royalty stream.

    "Sumitomo is the supplier of separators that Panasonic uses to assemble cells for the Model S, and Sumitomo pays Polypore an undisclosed royalty rate for use of certain lithium ion separators intellectual property. Polypore announced on their recent conference call they had a $3.5m 4Q13 royalty payment from Sumitomo, and they expected a few million dollars in related royalties during 2014. We calculate Sumitomo recorded around $65m in cumulative separator sales to Panasonic through the end of 2013 based on content of $0.031/Wh ($2,629 in content per 85kWh vehicle), with around $92m in forecast Sumitomo separators revenue for 2014 using our Model-S forecast of 35,100 units," said Irwin.

    "Assuming the 4Q13 payment included $1m-$2m in offsets for Polypore's legal fees when they sued for infringement, we estimate the royalty on cumulative sales at a rate of ~3.0%-3.8% on cumulative historical sales, and around 3.8% for 2014, assuming $3m-$4m in royalties for the indicated 2014 royalties of a few million. At the 50GWh production level, assuming a royalty rate of 3% with around 50% lower separator prices, we estimate this could support over $700m in annual separator demand from Sumitomo and a $20m plus annual royalty stream for Polypore," he added.

  • That's 20 million flowing to the bottom line

  • Reply to

    Q1 just inflatted by exception for tax of 13%

    by zz_azimi Feb 27, 2014 7:37 AM
    zz_azimi zz_azimi Feb 27, 2014 8:00 AM Flag

    Well, an analyst highlighted it in the conference call with management comfirming it.

  • Great q4 numbers, Q1 looks weaker than market expected. Should read like $245 million in revenues

  • Reply to

    UBS upgrade target $18

    by zz_azimi Feb 25, 2014 8:16 AM
    zz_azimi zz_azimi Feb 25, 2014 8:57 AM Flag

    GT Advanced price target raised to $18 from $13 at UBS. It is posted on FlyontheWall

TSL
12.00+0.50(+4.35%)Apr 16 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Google Inc.
NasdaqGSWed, Apr 16, 2014 4:00 PM EDT
Google Inc.
NasdaqGSWed, Apr 16, 2014 4:00 PM EDT