Solar stocks, among the biggest standouts in a year that has been very good to many high-beta tech names, have staged a strong two-day rally in the wake of Trina's (TSL +13.2%) Q2 beat and guidance hike.
Trina's numbers have sparked three upgrades, the most recent of which came today, courtesy of Cowen.
Bloomberg notes Trina, SunPower (SPWR +4.3%), and JinkoSolar (JKS +5.6% - just announced a new 23MW supply deal) are all operating at full capacity, and thinking of expanding.
S&P's Angelo Zino: "I think it’s safe to say that we’ll see a number of tier-one manufacturers add capacity, probably in 2014."
That would be a positive for equipment suppliers such as AMAT, GTAT, and VECO, who have seen their solar orders plummet as module makers scramble to stabilize crashing prices and margins.
Other names rising today: CSIQ +9.7%. SOL +6.7%. YGE +6.2%. JASO +4.2%. CSUN +5.4%. ASTI +5.1%. STP +3.8%. LDK +4.1%.