NEW YORK (TheStreet) -- Trina Solar (TSL) shares are up 5.4% to $9.02 in trading on Wednesday after the Chinese integrated solar-power products manufacturer announced that its State Key Laboratory of PV Science and Technology set a new world record for power output from a high efficiency multi-crystalline silicon PV module.
The company's new silicone PV module reached a world record power output of 324.5Wp, the company said.
The company has set four different world records for for p-type PERC cells and modules in 2014.
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Industry analysts note that while the record breaking power outputs the industry have seen this year become less impressive with each breakthrough, combined with the struggling gas market, investment in alternative energy is increasingly prudent.
"On the other hand, every time we hear about a new solar energy record, we're thinking that the fossil fuel sector is getting another punch in the gut. That's because once you get a solar panel up and running (or for that matter, a wind turbine), you don't have to keep paying out for fuel to keep it running. Contrast that to the extraction costs, transportation costs, and risks (and more risks) involved in generating electricity from fossil fuels, and you're getting the picture," said website Clean Technica, which covers the sector.