Investing Chinese Solar - Trina Solar Limited
The turmoil in Egypt causes oil price to surged to near $100 per barrel. As a result many Chinese solar stocks such as LDK Solar, Solarfun, JA Solar, Yingli Green Energy, Suntech Power and ReneSola are on the rise again today. After the recent correction on Chinese solar stocks, this is probably a good time to get back to these stocks again.
One other Chinese solar company worth looking at is Trina Solar (NYSE:TSL). This solar energy product manufacturer has clients across Europe, Asia and North America and earns $845 million per year with $97 million net income in 2009. Compared to other Chinese solar companies which saw a dip in earning in 2009 compared to 2008, Trina Solar actually had a slightly better number in 2009 compared to $831 million annual revenue in 2008. In addition the surge in demand of solar energy product has already brought in $1.2 billion in revenue for the first three quarters of 2010 with record breaking net income of $164 million. So do expect a record breaking earning for the year of 2010 when the company announce it on February 22.
The technical chart shows near term weakness with KD line falling but for the long term the stock maintain bullish trend with 50 day moving average still above 200 day moving average. So for the near term expect the stock to drop to the $24-$25 range before going up again.
One other Chinese solar company worth looking at is Trina Solar (NYSE:TSL). This solar energy product manufacturer has clients across Europe, Asia and North America and earns $845 million per year with $97 million net income in 2009. Compared to other Chinese solar companies which saw a dip in earning in 2009 compared to 2008, Trina Solar actually had a slightly better number in 2009 compared to $831 million annual revenue in 2008. In addition the surge in demand of solar energy product has already brought in $1.2 billion in revenue for the first three quarters of 2010 with record breaking net income of $164 million. So do expect a record breaking earning for the year of 2010 when the company announce it on February 22.
The technical chart shows near term weakness with KD line falling but for the long term the stock maintain bullish trend with 50 day moving average still above 200 day moving average. So for the near term expect the stock to drop to the $24-$25 range before going up again.
posted by Stock Geek at
9:03 AM
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