Solar Energy Stocks in News

Chinese solar manufacturer Trina Solar (NYSE:TSL) sold 4.5 million American depositary shares. The company nets $124 million ro reducing its debt and financing the expansion in the fast growing solartechnology market in China. Read more in Trina Solar nets $124M for debt, expansion (Cleantech Group).

During the last trading days, the First Solar (NASDAQ:FSLR) has continued to fall after the company announced it would offer rebates to defend its position in the German market against sharp price cuts from competitors. The company’s stock has dropped 14 percent since that announcement. Yesterday the stock was quoted at $147.98. Read more in First Solar down on competition, exec share sales (Reuters).

GT Solar Inc. (NASDAQ:SOLR) reported its profit jumped 51% on surging margins and higher revenue. As the stock market analysts had expected more, the shares dropped 4.1% to $5.67 in after-hours trading.

Photo: Fernando Tomás

Photo: Fernando Tomás

For the Q2, the company reported earnings of $7.8 million (5 cents a share). Revenue increased 26% to $71.8 million. Read more in GT Solar 1Q Profit Grows 51% On Higher Margins; Sales Miss (The Wall Street Journal).

Less than two weeks ago, we reported on Bosch acquiring ersol, a German PV company. The German Robert Bosch GmbH is continuing the aquisition of solar technology companies with Aleo Solar AG (ETR:AS1). Read more in Bosch looks to take 39.4 pct stake in Aleo Solar (Businessweek).

3 comments for “Solar Energy Stocks in News

  1. August 5, 2009 at 7:48 pm

    GT Solar’s earnings as referenced in the above blog are for the first quarter of fiscal year 2010 (not Q2).

  2. Thermostatic Shower ·
    November 10, 2010 at 1:21 am

    solar energy should be the stuff that we should harness instead of those fossil fuels “

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