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Solar stocks jump following Trina's strong guidance

  • Though Trina's Q1 module shipments were only in-line with the company's revised guidance, it's expecting Q2 shipments will rise 70%-81% Q/Q.
  • Volatile solar stocks are responding well (TAN +3.8%) to Trina's outlook, which follows a more subdued Q2 growth forecast from Canadian Solar (CSIQ +3.6%) last Friday, and comes amid general concerns about Chinese growth.
  • Notable gainers (besides Trina): CSUN +14.1%. SOL +8.7%. JKS +6.6%. YGE +5.9%. DQ +5.7%. JASO +4.9%. ASTI +6.8%. ENPH +3.9%. SUNE +2.7%.
  • NPD Solarbuzz recently noted the world's top-20 module suppliers are collectively forecasting 30%+ 2014 shipment growth. The firm added the outlooks imply 2014 end-market demand will be near 50GW.
Comments (4)
  • jblackwolf
    , contributor
    Comments (6) | Send Message
     
    What seems to be holding SPWR back?
    21 May, 12:17 PM Reply Like
  • moreofthesame
    , contributor
    Comments (743) | Send Message
     
    I would say that SPWR hasn't been held back at all compared to JKS Trina YGE etc.
    The reason why SPWR is not joining the rally is that it is not exposed to the Chinese/asian Market as the rest of them.
    21 May, 02:01 PM Reply Like
  • jblackwolf
    , contributor
    Comments (6) | Send Message
     
    There is also a lot of market manipulation….just look at the number of 100 share trades moving the price up or down…sometimes 50 or more trades in a row of only 100 shares…day traders are keeping SPWR down, IMO.
    21 May, 06:32 PM Reply Like
  • squashjohn
    , contributor
    Comments (33) | Send Message
     
    Whole Solar sector heavily manipulated. TSL Moves 30% in 1 day After Meeting revised guidance from April. Should Have Seen she was a 'Set-up' from the April :-)
    21 May, 06:39 PM Reply Like
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