Energy

Trina Solar Locks-Up Supply Pacts (TSL)

Trina Solar Limited (NYSE: TSL) has announced that it has signed a long-term polysilicon supply agreement with a subsidiary of GCL Silicon Technology Holdings Ltd.

Under the terms of this agreement, GCL Silicon Technology will supply Trina Solar with virgin polysilicon supplies that are sufficient to produce roughly 2,600 MW of solar modules in total over an eight-years period.  Trina will begin accepting delivery of polysilicon supplies at predetermined prices in April of 2008.  That won’t be a steady or constant annual yield as the start deliveries are likely far smaller today than would be expected several years out.

Trina Solar noted that it has now secured about 95% of its estimated silicon feedstock requirements for 2008, which represents an equivalent of about 195 MW based on a production target of 200 to 210 MW of module output.

Trina Solar shares are up close to 4% at $34.00 in early pre-market trading, and its 52-week trading range is $25.88 to $73.06.

Jon C. Ogg
April 2, 2008

Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at [email protected]; he does not own securities in the companies he covers.

In 20 Years, I Haven’t Seen A Cash Back Card This Good

After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers. 

A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.

Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous. 

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.