Trina Solar
die behalte erstmal längere zeit sowie Solarwoldt und Solar Millennium und Teil Aixtron.
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(IT-Times) - Der chinesische Solarspezialist Trina Solar hat sich eine Kreditlinie von der Standard Chartered Bank (China) in Höhe von 57 Mio. US-Dollar gesichert, um seine Kapitalbasis zu verbessern.
Mit den frischen Mitteln will Trina Solar den Einkauf von Rohmaterialien absichern und Wechselkursrisiken minimieren. Durch die neue Kreditlinie summiert sich der aktuell verfügbare Kreditrahmen des Unternehmens auf 520 Mio. Dollar, nach 460 Mio. Dollar zuvor
Morgan Stanley upgraded Trina Solar (NYSE: TSL) from Underweight to Overweight and raised their price target to $39.
Heyyy
wollt ma fragen.. ob Tria solar wirklich so gut da steht. Persönlich hab ich den eindruck, dass Yingli Green Energy noch viel besser positiniert ist, dies entnehme ich vielen News von DER AKTIONÄR
könnt ihr mich eines besseren belehren? ist die aktie ebenfalls kaufenswert? oder sollte ich lieber yingli weiter aufstocken in naher zukunft?
Nach den deutschen Solaraktien kommen zum Wochenauftakt auch die in den USA gehandelten Solartitel kräftig unter Druck. Die Angst vor schwachen Quartalszahlen geht um. Ein Analyst warnt vor schrumpfenden Margen und reduziert gleich reihenweise die Kursziele.
Kein schöner Tag für Besitzer von Solar-Aktien. Auf breiter Front kommt es am Montag zu kräftigen Abschlägen. Unter den chinesischen Titeln gehören Yingli Green Energy mit minus 13 Prozent und LDK Solar mit minus 11 Prozent zu den größten Verlierern. Aber auch bei den US-Solartiteln kommt es zu derben Kursdellen. Sunpower verlieren über neun Prozent an Wert, First Solar gibt um über fünf Prozent nach. Und auch der Highflyer vom vergangenen Donnerstag, Evergreen Solar, kommt unter Druck und fällt um rund acht Prozent.
Zu hohe Erwartungen
Während ein Analyst am Donnerstag zumindest einige Aktien beflügelte, sorgt heute ein Kollege für kollektive Verunsicherung. Die Worte von Vishal Shah von Barclays Capital haben in der Branche Gewicht. Er befürchtet schwache Ergebnisse für das zweite Quartal. Aber auch darüber hinaus ist er in Bezug auf die Margen skeptisch: Die Verkaufspreise für Module dürften weiterhin schneller fallen, als die Firmen ihre Produktionskosten senken könnten. Auch die Erwartungen für 2010, die von einem Umsatzwachstum von 40 Prozent und einem Gewinnzuwachs von 110 Prozent ausgehen, hält er zu ambitioniert.
Kurziele runter
Im Ergebnis reduziert Shah die Kursziele für die Aktien von Energy Conversion Devices (von 17,00 auf 13,00 Dollar), First Solar (190 auf 175), Suntech Power (17,50 auf 16,00) und Yingli Green Energy (18,00 auf 16,50). Sicherlich keine drastischen Absenkungen, zumal er etwa bei Yingli an seiner Einschätzung auf „Übergewichten“ festhält.
Sunpower ausgestoppt, neue Kaufempfehlung
DER AKTIONÄR bekräftigt ebenfalls seine positive Einschätzung für Yingli und einige weitere ausgewählte Solartitel: In China sind dies Suntech, Renesola und Trina Solar. Der neue Favorit unter den US-Solar-Aktien ist Evergreen Solar. Die Aktie von Sunpower ist heute leider unter ihren Stoppkurs bei 17,70 Dollar gerutscht. In der am Dienstag erscheinenden Ausgabe des Aktionärs (ab 8:00 Uhr hier als E-Paper abrufbar), wird eine neue aussichtsreiche US-Solaraktie vorgestellt. Nur soviel vorweg: Es handelt sich um den „kleinen Bruder“ von SMA Solar.
Beide Unternehmen sind sehr gut aufgestellt.Ich habe in yingli doppelt so viel investiert wie in Trina. Am meisten in Sunpower und Solarworld. Denke ich werde damit gut fahren (gesamt ca 85 T€ in diesem Sektor) Im Übrigen gibt es tolle OS und Hebelpapiere zu diesen Aktien. Ich denke ich kaufe noch ein wenig yingli bei 7,40 auch bei möglicher Kurskorrektur ist das ein guter Einstieg. Wer hat da charttechnisch was drauf??
zu Allegro7, sorry meinet nicht Deine Sprache sondern Deine ständige Anzeige.....wohnte in HH Johnsallee ?? was war da?? Grüße
By Jim Bai and Leonora Walet
BEIJING, July 21 (Reuters) - China has launched an unprecedented plan to offer hefty subsidies to independent solar power projects, a move likely to boost the solar sector.
The move would benefit industry firms including Suntech Power Holdings Co Ltd (STP.N), Yingli Green Energy Holding Co Ltd (YGE.N), Trina Solar Ltd (TSL.N) and JA Solar Holdings Co Ltd, analysts said.
"This is very positive for the solar sector and positive for solar stocks out there," said Christine Wang, an analyst with HSBC.
Beijing's bid to boost the solar energy sector could draw more than $10 billion in private funding for projects and put China on track to become a leading market for solar equipment in the next three years. [ID:nHKG193]
As the world's top greenhouse gas polluter, China is trying to catch up in a global race to find alternatives to fossil fuels, blamed for carbon emissions affecting the planet's climate.
The Ministry of Finance said the government will subsidise 50 percent of investment for solar power projects as well as relevant power transmission and distribution systems that connect to grid networks.
For independent photovoltaic power generating systems in remote regions that have no power supply, the subsidy will rise to 70 percent, the ministry said in an announcement on its website (www.mof.gov.cn).
Grid companies are required to buy all surplus electricity output from solar power projects that generate primarily for the developers' own needs, at similar rates to benchmark on-grid tariffs set for coal-fired power generators.
To qualify for the subsidy, in addition to other requirements, each project must have a generating capacity of at least 300 kilowatt peak, while construction will have to be completed in one year and operations will have to last for at least 20 years.
The government plans to install more than 500 megawatts of solar power pilot projects in two to three years. But the total generating capacity in such pilot projects in each province in principle should not exceed 20 megawatts, the ministry said.
In March, the Finance Ministry said it would provide 20 yuan per watt peak (Wp) of subsidy for projects attached to buildings that have capacity of more than 50 kilowatt peak, which could cut the power generating cost by around half to about 1 yuan per kilowatt-hour.
China is expected to raise its 2020 solar power generation target more than fivefold to at least 10 GW. With incentives, analysts expect over 2 GW in new solar capacity will be installed as early as 2011, up from just over 100 MW in 2008. (Additional reporting by Eadie Chen; Editing by Ben Tan)
CHANGZHOU, China, July 23 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that it has commenced shipment under a long-term supplier agreement with PROINSO ('Proyectos Integrales Solares S.L.'), a leading distributor for solar photovoltaic equipments and a specialist in engineering services in Spain.
Trina Solar is one of two suppliers to provide PROINSO with PV modules. Shipments for the second quarter of 2009 through 2010 are covered in the supplier agreement. The modules are expected to be used for solar projects in the United States and major European markets including Italy, Greece and Spain. Trina Solar expects to supply PROINSO with up to 25 MW and 50 MW of PV modules in 2009 and 2010, respectively. Prices and quarterly purchase volumes under this agreement are pre-determined through March of 2010. The Company made its first shipment in late June 2009.
'Trina Solar is excited to enter into this agreement with PROINSO, whose renewable energy activities span across several key PV markets,' said Mr. Arturo Herrero, Vice President of Sales&Marketing at Trina Solar. 'This agreement will further strengthen our relationship with PROINSO and allow Trina Solar to provide high quality modules made from our vertically integrated manufacturing platform.'
"This agreement enforces and confirms the strategic alliance between both companies,' declared Mr. Gustavo Carrero, Marketing Director of PROINSO. "This relationship assures a high quality technical solution that will enable us to successfully approach diverse PV markets worldwide, always fulfilling the needed requirements in terms of reliability, competitiveness and excellence, proven by Trina Solar in the recent years of our partnership
Trina Solar and Techtronic raise a combined $207 million
By Daniel Inman | 30 July 2009
Both deals are upsized, suggesting investors are still hungry for new shares.
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Chinese solar power equipment manufacturer Trina Solar early on Wednesday morning (Hong Kong time) completed a follow-on equity offering, raising a total of $129.4 million. The deal came as the company made a series of significant announcements relating to its second-quarter earnings and a third-quarter forecast.
And US-listed Trina was not the only company tapping into the current positive sentiment among investors yesterday. Last night, Hong Kong-listed Techtronic Industries also raised $78.1 million via a top-up placement.
The base deal size of the Trina placement consisted of 4 million American depositary shares (ADS), each representing 100 ordinary shares in the company. The price was fixed at $28.75 per ADS, which represented a 3.9% discount to Tuesday's closing price of $29.92. One source said that since the deal didn't go out with a price range, and was being marketed against a live price, investors didn't expect a large discount.
There was, however, sufficient demand to upsize the offering to 4.5 million ADS, bringing the base deal size to $129.4 million from the initial $115 million.
The book was over four times covered, and filled with what was described as a mix of long-only accounts and hedge funds. Investors were mostly from the US, with approximately 25% of the demand coming from Asia. Credit Suisse and Goldman Sachs acted as joint bookrunners.
Trina's vertically integrated business model means it is involved throughout the solar power value chain -- from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells through to the manufacturing of photovoltaic modules.
Of the money raised, the company will use up to $30 million to pay off debt -- specifically, it will help reduce the $120 million worth of 4% convertible senior notes that it issued in July last year. The remaining cash will be used to expand its facilities, and for general corporate purposes.
The company's ADS have performed extremely well over the past few months. In March, the shares were trading at around $7.50 each. On Friday last week, the share price reached $31, an impressive performance in what are already strong markets.
The share price had a volatile session on Tuesday when the deal was in the market, falling as low as $27.75 at one point before finishing the day five cents up at $29.92. However, it did drop 6.6% to $27.94 on Wednesday after the deal was all done, underperforming the broader market and closing 2.8% below the placement price at $27.94.
On Monday, the day that the placement was launched, the company made two significant announcements. First, it revealed some key metrics for the second quarter: total revenue is expected to be between $148 million and $152 million; and module shipments reached between 63MW and 65MW, a tighter range than the company's previous guidance of between 60MW and 65MW. With regard to gross revenue guidance for the period, Trina said it expects gross margins of between 26% and 28%, significantly wider than it earlier expectations of 18% to 20%.
The second set of announcements looked ahead to the third quarter, when it expects to ship between 90MW and 110MW of equipment. It maintained its full-year shipment guidance of between 350MW and 400MW, but said it will increase its production capacity to 600MW by the end of the year, from the current 400MW.
A Macquarie research report said that the announcements "provide further evidence that [Trina's] impressively low cost structure will allow the company flexibility to price aggressively in order to take share in a number of European markets as well as to win business in the emerging US and Chinese markets." The company will "surprise" on the upside as its cost improvements are beating analyst expectations, said the report.
Trina is a solar favourite for Macquarie, and China Construction Bank (CCB), in a thematic report published last week, described the company as a "hidden diamond" in the sector. Like Macquarie, the Chinese bank cited Trina's low cost structure, as well as its strong earnings outlook.
More generally, CCB is optimistic about the Chinese solar sector due to a big reversal in the demand for solar power that is driven by the increasing cost of fossil fuels, higher levels of bank lending and government support. It expects demand to grow to 11.2GW in 2011 from around 6GW in 2008 and 2009.
Meanwhile in Hong Kong, the Techtronics placement was also upsized. The deal, which was launched after the market closed yesterday, comprised 60 million primary shares at a fixed price of HK$6.73, which would have allowed the company to raise HK$403.8 million ($52 million). However, the number of shares on offer was increased by 50% to 90 million, allowing for a total deal size of HK$605.7 million ($78 million).
The price translated to a discount of 4.8% versus yesterday's closing price of HK$7.07.
The offering was said to have been comfortably covered even after it was upsized, with sizable orders from a number of large global long-only funds. A total of 47 accounts participated in the trade.
Techtronic makes products used in construction and home improvement. It raised capital partly to reduce debt, with the remainder to be used as working capital. Citi, HSBC and Bank of America Merrill Lynch were the bookrunners.
In other equities news, BBMG Corporation yesterday climbed 56.3% in its debut on the Hong Kong stock exchange. This makes it Hong Kong's most successful initial public offering in terms of first day performance since Alibaba.com rocketed 192.6% in November 2007, according to Dealogic. IPO volume in Hong Kong so far this year stands at $3.4 billion from 17 issues, which accounts for 28.5% of the Asia's total deal value.
© Haymarket Media Limited. All rights reserved.
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Kleiner Auszug (übersetzt):
Trina Solar'sDer Nettoertrag im dritten Quartal 2009 wurden $249.7 million, eine Steigerung von 66.5 % sequenziell und einem Rückgang um 14,1 % Jahr-Over-Jahr. Totale Sendungen wurden 122.6 MW, im Vergleich zu 63,9 MW in die zweiten Quartal 2009 und 66.4 MW im dritten Quartal 2008. Die sequenzielle Zunahme des gesamten Lieferungen war in erster Linie auf verbesserte Nachfrage Bedingungen in wichtigen europäischen Märkten, verbesserte Kundenzugriff auf PV-system erwerben Sie Financings und wachsende Zahl von Regierung-Incentive-Programme für Sonnenenergie-Projekte in Europa, Nordamerikaund Asien. Die sequenzielle Rückgang der Nettoertrag wurde aufgrund von niedrigeren Modul durchschnittlichen Verkaufspreise in der dritten Quartal 2009, gegenüber dem dritten Quartal 2008.
Brutto-DB
Der Bruttogewinn im dritten Quartal 2009 betrug $71.1 million, im Vergleich zu$41.2 millionim zweiten Quartal 2009 und $65.2 millionin der dritten Quartal 2008. Bruttogewinnspanne lag 28,5 % im dritten Quartal 2009, im Vergleich um 27,4 % im zweiten Quartal 2009 und 22,4 % im dritten Quartal 2008.Die sequenziellen und gegenüber dem Vorjahr Verbesserungen wurden in erster Linie auf geringere zurückzuführen durchschnittliche Silizium Einkaufspreise. Weiterhin, dass die Gesellschaft ihre Anstrengungen konzentrieren Reduzierung der Herstellkosten pro Watt durch kontinuierliche Effizienzsteigerungen mit seiner lean Manufacturing Initiativen und verbesserte Supply Chain verknüpft Management, einschließlich der zweite sourcing-Optionen. Zusätzliche Ertrag Erweiterungen wurden von Techniken, die mit proprietären Prozess in Herstellung erreicht Unsere Ingot, Wafer, Zellen und Modul-Wert-Bereiche und höhere Zelle-Konvertierung Effizienz.
Betriebliche Aufwendungen, Gewinne und margin
Betriebliche Aufwendungen im dritten Quartal 2009 wurden $25.6 million. Die Betrieblichen Aufwendungen des Unternehmens entfielen 10,3 % der Nettoertrag im dritten Quartal 2009, ein Rückgang von 15,0 % im zweiten Quartal 2009 und eine Erhöhen von 6,3 % im dritten Quartal 2008. Die fortlaufende Verbesserung als Prozentsatz der Einnahmen wurde in erster Linie aufgrund von erhöhte Nettoumsatz und die Unternehmen der Steuerelement-Initiativen, Kosten, während der Jahr-zu-Jahr-Rückgang war in erster Linie aufgrund von niedrigeren Modul-durchschnittliche Verkaufspreise. Betriebliche Aufwendungen in Das dritte Quartal 2009 umfassen eine $3.6 millionAbschreibung von Konten Zinserträge, im Vergleich zu $5.7 millionim zweiten Quartal. Betriebliche Aufwendungen auch einschließen $1.2 millionAnteilsbasierte Vergütungen im Vergleich zu$0.9 millionim zweiten Quartal 2009 und $0.6 millionin der dritten Quartal 2008.
Operatives Ergebnis im dritten Quartal 2009 wurde $45.5 million, im Vergleich An $18.6 millionim zweiten Quartal 2009 und $46.8 millionin der dritten Quartal 2008. Operative Marge wurde 18.2 % im dritten Quartal 2009, im Vergleich zu 12,4 % im zweiten Quartal 2009 und 16,1 % im dritten Quartal 2008.
http://phx.corporate-ir.net/...sArticle&ID=1357273&highlight=
Gruß male
Unaudited Consolidated Statement of Operations
(U.S. dollars in thousands, except ADS and share data)
For the Three Months Ended
September 30, June 30, September 30,
2009 2009 2008
Net revenues $249,750 $150,005 $290,723
Cost of revenues 178,677 108,829 225,533
Gross profit 71,073 41,176 65,190
Operating expenses
Selling expenses 8,295 5,613 6,780
General and administrative
expenses 15,828 15,857 11,018
Research and development
expenses 1,481 1,062 502
Polysilicon project
discontinuance -- -- 102
Total operating expenses 25,604 22,532 18,402
Operating income 45,469 18,644 46,788
Foreign exchange gain or (loss) 12,154 13,734 (4,882)
Interest expenses (6,178) (6,089) (7,764)
Interest income 268 286 608
Loss on change in fair value of
derivative (4,247) (3,232) --
Other expenses, net 839 (4) 1
Income before income taxes 48,305 23,339 34,751
Income tax expenses (8,200) (4,399) (2,698)
Net income $40,105 $18,940 $32,053
Earnings per ADS
Basic 1.41 0.75 1.28
Diluted 1.29 0.71 1.17
Weighted average ADS outstanding
Basic 28,350,368 25,104,137 25,037,307
Diluted 32,478,303 29,177,331 28,394,335
Falsches Pferd mal wieder!
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heute +51 %...seit Kauf......Ende offen :-)))))))))
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