This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Trina Solar Jumps After 2Q Earnings Post

Stocks in this article: TSL YGE STP LDK SOLF

CHANGZHOU, China ( TheStreet) -- The second quarter shakeout of the solar industry continued yesterday. But one module maker managed to give some rosier results compared to other recent offerings.

Afterwards, investors were taking a shine on Trina Solar (TSL), sending its American Depositary Shares up 3%, or 78 cents, at $27.20 just after the opening bell this morning.

After the closing bell on Monday, Trina Solar said its earnings grew to $18.9 million, or 71 cents per ADS, from $17.1 million, or 68 cents per ADS, from the year-earlier quarter. Write-offs and gains -- including a $13.7 million foreign currency gain because of the appreciation of the euro against the dollar -- blended to impact bottom line results by 30 cents per ADS.

In a press release on Monday, the China-based operation said revenue fell to $150 million from $204.2 million during the year-earlier period because of the now-ubiquitous problem of declining module prices. Still, the second quarter top line results were a 13.5% improvement from the first quarter.

On average, street forecasts from Thomson Reuters showed Trina Solar turning in a 32 cent per share effort during the second quarter, along with $149.5 million in revenue.

Pointing to better demand out of Europe -- along with increasing customer financing and more government green-tech incentives in locales throughout Europe, North America and Asia -- Trina Solar said that shipments grew both sequentially and year-over-year to 63.9 megawatts of power.

Even more so, though, was the company's gross margin growth to 27.4% from 23.2% in the year-earlier quarter.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.27 +421.40 2.43%
S&P 500 2,055.30 +42.41 2.11%
NASDAQ 4,740.6490 +96.3370 2.07%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs