Critical details seem to be missing from recent articles so I thought I'd shed some light on them.
Yes, Trina will supply 200MW of modules to Zonergy but there is more to the story than that. Zonergy has an extensive pipeline of solar projects planned and they "look forward to building a long-term, strategic partnership with Trina Solar." This is likely to be far more than just a single 200MW project. Trina is expecting to supply systems for Zonergy's rapidly-growing roster of solar projects. More details are available here.
Another item I'd like to mention is the lack of articles about the upcoming increase in China's rooftop subsidies. Apparently, in some cases the increase could be as much as 55 percent. Articles have been discussing the reduction in China's 2014 installation goal but they ignored the key corrective action. They failed to mention the subsidy announcement. Most of us already knew that the 2014 target should be missed. That info is already priced into stock prices. What is not priced into stocks right now are the more important subsidy adjustments and the impacts they will have. Here's the only article I found that covers the important subsidy adjustments.
Conclusion: I would expect additional project awards and upcoming subsidy announcements (a formal announcement vs. the current rumor) to move Trina Solar (NYSE:TSL) up significantly. Now might be a good time to increase your TSL holdings, especially since positive news could be coming at a time when TSL is oversold, priced at the bottom Bollinger Band (a rare event), and is surprisingly selling at less than book value (implying little if any consideration of future earnings).
The upcoming subsidy announcement should impact other Chinese stocks as well, and this includes JinkoSolar (NYSE:JKS), Canadian Solar (NASDAQ:CSIQ), ReneSola (NYSE:SOL), JA Solar (NASDAQ:JASO), and Yingli (NYSE:YGE). However, Trina Solar appears to be particularly oversold right now and the Bollinger Bands help to identify that.
Disclosure: The author is long TSL, JKS, CSIQ. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.