Energy
Trina Solar Grabs Business in Germany (TSL, JASO, LDK)
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Chinese 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.
Trina plans to double its capacity from 350 megawatts to 700 megawatts by the end of 2009. But like most solar PV makers, shipments were down in the fourth quarter of 2008, and the company’s shares took a beating in 2008, but have come back strongly. Trina shares are up more than double 52-week lows of $5.61. That doubling is also true at other PV makers, like JA Solar Holdings Co., Ltd. (NASDAQ: JASO) and LDK Solar Co. Ltd. (NYSE:LDK).
All of the solar stocks seemed weak on the surface this morning right before the market open. Trina shares are down around 1% this morning before the market opens, while JA Solar is off more than 2% and LDK is off about 3.5%.
Paul Ausick
April 20, 2009
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