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Nov 30-Dec 4: Solar Tops Dow, NASDAQ

Sat, 05 Dec 2009 14:00:58 GMT

Decent jobs report bolsters week... While the Dow struggled to a small gain this week, the NASDAQ was up 2.6% and the 20 Solar Stocks Index gained over 30 points to finish at 413.99,[More...]

Nov 23-27: Stocks Take Dubai World of Hurt

Sun, 29 Nov 2009 19:35:51 GMT

Get yourself a man-made island... About $60 billion in debt is in danger of default by Dubai World, a state-owned conglomerate in the Middle East. This is the company making those surreal palm-shaped island resorts for the world's mega-rich. Dubai is one of the seven emirates of the United Arab Emirates, which figuratively mints money with black gold. (Ed.: One would wonder how an area so enriched by gross oil revenues could ever be over-extended on credit.) According to the Dubai World website, the conglomerate Fortunately however, it looks as though most debt liability will be taken by European institutions as most lenders in Europe are generally exposed to the Middle East.[More...]

Nov 16-20: Solar Tops Dow, Nasdaq

Sat, 21 Nov 2009 20:11:22 GMT

Third straight positive week for solar The 20 Solar Stock Index (20SSI) gained just over 6 points for the week but it was enough for a 1.58% rise since last Friday. The Dow hopped about 48 points for about a .5% gain; the NASDAQ actually lost 22 points, slightly over a 1% drop.[More...]

ETF Market Trends (11-19-2009): Back To The Fundamentals

Fri, 20 Nov 2009 04:46:38 GMT

It looks like we are back to the fundamentals as concerns of economic recovery were exacerbated by a negative housing foreclosure update that confirmed the real estate crisis is spreading to the prime market. An economy bleeding jobs at a minimum monthly rate of 500k is the underlying cause.[More...]

Bullish Sentiment Reigns For The Green Sector

Mon, 16 Nov 2009 04:56:31 GMT

Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything alternative and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.[More...]

Nov 9-13: Dow Surges; Nasdaq, Solar Up, Too

Sat, 14 Nov 2009 22:36:01 GMT

Dow just misses Wednesday's 13-month high... For the second consecutive week the Dow showed strong gains finishing at 10270.47 on Friday, nearly a 2.5% gain. Since Oct. 30 the index has gained a gaudy 558 points. The NASDAQ[More...]

Oct 19-23: Dow, NASDAQ, Solar Down Less Than 1%

Sat, 24 Oct 2009 17:27:40 GMT

Dow slips below 10,000 MarketWatch reports that major rail operator Burlington Northern projects a weak forecast fueling worries about freight demand, a barometer of the economy. Microsoft and Amazon.com fared well[More...]

Oct 5-9: Solar Outperforms Dow, Nasdaq

Sat, 10 Oct 2009 16:43:25 GMT

All-around good week for stocks Since last Friday, the Dow Jones Industrial Average gained over 377 point to finish at 9864.94, the year's highest.[More...]

FSLR, STP, SPWRA, TSL: Solar Stocks For 2010

Wed, 07 Oct 2009 18:18:44 GMT

With third quarter numbers starting to surface this week, it's not too early to start thinking about next year. . . And there's plenty to think about. Stocks in general are sitting on 52-week highs, leaving even the most ardent bulls with a finger on the sell button, ready to take profits at the first sign of trouble.[More...]

Sept. 21-25: Stocks Two-Week Surge Ends

Sat, 26 Sep 2009 14:41:03 GMT

MarketWatch reports that the nearly six-month surge in stocks is a concern the market might have overextended the current financial environment forcing some companies into the red. These include[More...]

Trina Solar receives $304 million loan

Tue, 08 Sep 2009 10:46:00 GMT

NEW YORK - Trina Solar Ltd., a solar power company, said on Tuesday it received a loan of $304 million to expand capacity at its east campus location over the next three years.
Loan proceeds will be used to fund capital expenditures for the rest of 2009 and pay back outstanding loans of about $80 million due on June 30.
"The syndicated loan facility combined with the proceeds from our recent follow-on offering will allow us to improve our long-term capital resources as we carry out our market-driven expansion plan and elevate our manufacturing technology platform," Chief Executive Jifan Gao said in a statement

[More...]

Nightly Business Report - Mar 28 2009 5:53AM

Thu, 26 Mar 2009 09:48:00 GMT

PAUL KANGAS, NIGHTLY BUSINESS REPORT ANCHOR: The Treasury Secretary says the nation needs a new game plan when it comes to financial regulation.
SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: With the Treasury and the Fed taking dramatic steps to right the economy, some analysts predict that recovery and growth will drive the dollar higher.
This is NIGHTLY BUSINESS REPORT for Thursday, March 26.

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Crisis Having an Affect in the Caribbean: Caribbean Nations Are Feeling the Sting of the U.S. Recession but so Far Are Weathering the Storm, According to Officials Gathered in Miami for a Regional Conference.

Wed, 03 Dec 2008 13:56:00 GMT

Dec. 3--The U.S. financial meltdown is starting to affect Caribbean nations, but the effects so far appear to be manageable, government and business officials attending a regional conference in Miami said Tuesday.
Still, much of the discussion at the Miami Conference on the Caribbean and Central America centered on ways to confront the global financial crisis that has started to ripple through the region.
Caribbean nations that rely heavily on tourism are already seeing sharp declines in bookings, while exporters in Central America are facing less demand for their products, said Anton Edmunds, executive director and chief executive of Caribbean-Central American Action, a private sector group that organized the annual conference, which is now in its 32nd year and attracted more than 370 participants.

[More...]

Crisis Having Impact Abroad: Caribbean Nations Are Feeling the Sting of the U.S. Recession but so Far Are Weathering the Storm, According to Officials Gathered in Miami for a Regional Conference.

Wed, 03 Dec 2008 09:52:00 GMT

Dec. 3--The U.S. financial meltdown is starting to impact Caribbean nations, but the effects so far appear to be manageable, government and business officials attending a regional conference in Miami said Tuesday.
Still, much of the discussion at the Miami Conference on the Caribbean and Central America centered on ways to confront the global financial crisis that has started to ripple through the region.
Caribbean nations that rely heavily on tourism are already seeing sharp declines in bookings, while exporters in Central America are facing less demand for their products, said Anton Edmunds, executive director and chief executive of Caribbean-Central American Action, a private sector group that organized the annual conference, which is now in its 32nd year and attracted more than 370 participants.

[More...]

Evolution Solar Engages International Strategic Consultants

Thu, 03 Dec 2009 13:50:00 GMT

Evolution Solar Corp. (PinkSheets:EVSO) today announced that the Company has engaged Beacon, Ltd. a Bermuda based consulting firm to assist the Company in introducing its renewable energy solutions to the Bermuda market.
The government of Bermuda has mandated that the Ministry of Energy must create 20MW of electricity from renewable sources by 2020.
The Bermuda Ministry of Energy is currently considering a proposal from Evolution Solar to provide a 10MW solar power plant utilizing Evolution's technology and services.

[More...]

Evolution Solar to Consolidate Ownership of Subsidiary

Wed, 28 Oct 2009 13:46:00 GMT

Evolution Solar Corp. (PinkSheets: EVSO) today announced that the Company is negotiating for the acquisition of a 45% minority stake in the Company's Shanghai, China-based Synergy Design and Development Limited subsidiary.
The Company believes that a final agreement will be reached prior to November 15th and the acquisition will close before the end of the year.
The Company already controls a 55% stake in Synergy.

[More...]

Halter USX China Index Up 10.59% for Third Quarter 2009

Wed, 30 Sep 2009 21:46:00 GMT

For the third quarter of 2009, the Halter USX China Index (NYSE Arca: HXC) was up 10.59%.
During the same period, the Dow Jones Industrial Average increased 14.98% and the NASDAQ increased 15.66%.
HXC is also pleased to announce the inclusion of 20 new constituents to its existing index of China-focused, U.S. listed companies including: China Auto Logistics, Inc. (NASDAQ: CALI) an importer, seller, and trader of automobiles; China Integrated Energy, Inc (NASDAQ: CBEH) which engages in the development, exploration, production, and distribution of bio-diesel; China GrenTech Corporation Limited (NASDAQ: GRRF) that is a manufacturer and seller of wireless coverage products and services; China Marine Food Group Limited (AMEX: CMFO) that engages in the processing, distribution, and sale of processed seafood products; China Mass Media Corp. (NYSE: CMM) which operates as an independent television advertising company; China Natural Gas, Inc. (NASDAQ: CHNG) a distributor and seller of natural gas and gasoline to commercial, industrial, and residential customers; China North East Petroleum Holdings Limited (AMEX: NEP) which engages in the exploration and production of crude oil; China Ritar Power Corp. (NASDAQ: CRTP) a designer, developer, manufacturer, and seller of lead-acid batteries; Deer Consumer Products, Inc. (NASDAQ: DEER) which designs, manufactures, and sells home and kitchen electronic appliances; Harbin Electric, Inc. (NASDAQ: HRBN) that engages in the design, development, manufacture, supply, and service of various electric motors; Mindray Medical International Limited (NYSE: MR) which develops, manufactures, and markets medical devices worldwide; NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV) a designer, manufacturer, marketer, and seller of audio and video consumer products; RINO International Corporation (NASDAQ: RINO) that is engaged in the business of environmental protection and remediation; SinoHub Inc. (AMEX: SIHI) which engages in electronic component sales and electronic component supply chain management (SCM) services; Tongxin International Limited (NASDAQ: TXIC) that designs, develops, manufactures, sells, and services engineered vehicle body structures (EVBS) for light, medium, and heavy duty trucks, and light vehicles; Universal Travel Group (AMEX: UTA) a domestic and international airline ticketing service provider, and cargo transportation agency; Changyou.com Limited (NASDAQ: CYOU) which develops and operates online games; Skystar Bio Pharmaceutical Company (NASDAQ: SKBI) that engages in the development, manufacture, and distribution of medicines, vaccines, and other health care and medical care products for poultry, livestock, and domestic pets; Telestone Technologies Corporation (NASDAQ: TSTC) which provides wireless communications coverage solutions; Tianyin Pharmaceutical Company, Inc. (AMEX: TPI) a developer, manufacturer, marketer, and seller of traditional Chinese medicines and other pharmaceuticals; Wuhan General Group, Inc. (NASDAQ: WUHN) which engages in the design, development, manufacture, and sale of industrial blowers for steam-driven electrical power generation plants; and China Agritech, Inc. (NASDAQ: CAGC) which manufactures and sells organic liquid compound fertilizers and related agricultural products.

[More...]

Trina Solar Announces Second Quarter 2009 Results

Mon, 17 Aug 2009 20:45:00 GMT

CHANGZHOU, China, Aug. 17 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced its financial results for the second quarter ended June 30, 2009.
-- Gross margin was 27.4%, compared to 17.2% sequentially and 23.2% year-over-year.
Subsequent to the second quarter of 2009, the Company -- announced a sales agreement in July 2009 to supply PROINSO with up to 25 MW and 50 MW of PV modules in 2009 and 2010, respectively, to be used for solar projects in the United States and major European markets.

[More...]

Trina Solar Announces the Closing of Over-Allotment Of 675,000 American Depositary Shares

Mon, 17 Aug 2009 20:45:00 GMT

CHANGZHOU, China, Aug. 17 /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 photovoltaic, or PV, modules, announced today that it closed the sale of an additional 675,000 American depositary shares, or ADSs, each representing 100 ordinary shares of the Company, on August 17, 2009, following the exercise in full by the underwriters of their over-allotment option in connection with the Company's recently-closed follow-on public offering.
The Company received aggregate net proceeds of approximately $142.5 million, after deducting underwriting discounts and commissions, which includes net proceeds of approximately $18.6 million from the sale of the 675,000 ADSs pursuant to the over-allotment option.
Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the offering, and Piper Jaffray & Co acted as a co-manager for the offering.

[More...]

Trina Solar Records Excellent Performance Results at Desert Knowledge Australia Solar Centre

Thu, 13 Aug 2009 11:55:00 GMT

Trina Solar Limited , 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 its monocrystalline modules recorded one of the highest average outputs in terms of actual electricity generated at Desert Knowledge Australia Solar Centre in Alice Springs, Australia.[More...]

Trina Solar Supplies Modules for Solar Power Project at Colorado State University

Tue, 11 Aug 2009 11:56:00 GMT

Trina Solar Limited , 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 been selected by Renewable Ventures, a Fotowatio company , to supply modules for a two-MW PV project in Fort Collins, Colorado. Shipment under this agreement has already commenced.[More...]

Trina Solar Announces Conference Call to Discuss Second Quarter 2009 Results

Tue, 04 Aug 2009 11:56:00 GMT

Trina Solar Limited , a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced it will host a conference call at 6:00 p.m. ET on Monday, August 17, 2009, to discuss results for the quarter ended on June 30, 2009.[More...]

Trina Solar Closes Follow-On Public Offering of 4,500,000 American Depositary Shares

Mon, 03 Aug 2009 21:49:00 GMT

CHANGZHOU, China, Aug. 3 /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 photovoltaic, or PV, modules, announced today that its follow-on public offering of 4,500,000 American depositary shares, or ADSs, each representing 100 ordinary shares of the Company, was closed on August 3, 2009.
The Company received aggregate net proceeds of approximately $123.9 million, after deducting underwriting discounts and commissions.
Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the offering, and Piper Jaffray & Co acted as a co-manager for the offering.

[More...]

Trina Solar Announces Pricing of Follow-on Public Offering of 4,500,000 American Depositary Shares

Wed, 29 Jul 2009 12:03:00 GMT

Trina Solar Limited , a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of photovoltaic, or PV, modules, announced today that its follow-on public offering of 4,500,000 American depositary shares, or ADSs, each representing 100 ordinary shares of the Company, was priced at $28.75 per ADS. Trina Solar has granted the underwriters a 30-day option to purchase up to an additional 675,000 ADSs.[More...]