This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Trina Solar Slides on Mixed Analyst Views

CHANGZHOU, China ( TheStreet) -- Trina Solar's (TSL - Get Report) American depositary receipts slid Wednesday on mixed broker action from several solar analysts, a day after the Chinese manufacturer of solar photovoltaic products beat earnings expectations and upped its forecast for solar shipment volume.

Auriga analyst Mark W. Bachman reiterated his buy recommendation, and upped his price target by $5 to $41 per share.

Trina's beat-and-raise was expected from the "premiere name in the solar group," Bachman told TheStreet. "Most shocking to investors was Trina's first indication of 2011 demand.

Trina was so encouraged by anticipated demand that it raised its capacity numbers for growth between 40% and 50%, he pointed out. Without offering hard numbers, Trina said it expects to achieve scale of 1.5 gigawatts by the end of 2011. Bachman had expected 1.3 GW, leading him to raise his price target and earnings expectations.

The analyst now expects Trina to earn $2.73 per share in fiscal 2011, compared with his prior guidance for earnings of $2.41. Wall Street analysts' consensus call is for earnings of $2.68, according to those polled by Thomson Reuters.

Solar is a hard space to invest in," Bachman said, "because most people trade in and out based on end markets."

End-market solar prices follow governmental subsidies in most places, he explained, and annual subsidy adjustments will happen Jan. 1.

"Trina is speaking for the group and we've heard similar stories from all of Trina's Chinese peers and from First Solar (FSLR - Get Report) in the U.S.," Bachman added. By reporting last in the queue of earnings reports in the sector, Trina had more time to look at future demand and was therefore the first to give a real indication that demand in 2011 will be stronger.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
FSLR $61.66 0.00%
KWT $83.78 0.00%
PBW $5.69 0.00%
TSL $12.30 0.00%
AAPL $126.41 0.00%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

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