Trina Solar - Die strahlende Perle

 

http://www.zacks.com/stock/news/167678/...dules-for-projects-in-india  

Hab ich was verpasst?  

In its weekly solar newsletter, RBC Capital Markets said Chinese solar companies are looking to be in much better shape than a year ago.

Here are analysts Mahesh Sanganeria and Shawn Yuan:

   A year ago around this time, both Trina Solar (TSL) and Yingli Green Energy (YGE) lowered their previously announced Q1 guidance due to weaker than expected demand mainly in China. So far, we have not heard a similar announcement. A month ago, when Chinese solar companies reported Q4’14 earnings, most of them did not expect the Q1’14 debacle to repeat this year, as most view the installation target as reasonable and incentive policies were largely in place. In addition, demand from Japan and Europe remains strong. Instead of shipment shortfall, investors will likely focus more on gross margin, given the module ASP decline in almost all geographies during the first quarter, driven by both seasonally weak demand and currency depreciation of Euro and Yen. In our view, the gross margin pressure is a temporary issue, and we expect module companies to deliver the mid-teen gross margin target for the year as ASP stabilizes and cost reduction continues.
RBC’s Sanganeria :
We continue to expect Trina to outperform peers given its capacity expansion plan, strong balance sheet, and downstream business ramp.

http://blogs.barrons.com/asiastocks/2015/04/13/...confident-in-trina/  

http://finance.yahoo.com/news/...-announced-supply-116-110000234.html  

...und habe mir einige Scheinchen ins Depot gelegt. Toller Newsflow, intakter Aufwärtstrend, extrem günstige Bewertung in der Peer-Group. Mal schauen, was kommt.....  

Ich denke zieht runter bis 10,60-70€. Also lieber abwarten und denkt daran morgen ist deutsche Börse zu. USA ist auf. Das heißt wer heute kauft kann morgen nicht mehr reagieren...  

http://www.nasdaq.com/press-release/...0-mw-module-and-20150506-00270


 

Summary

   The order size is increasing with the growth in Solar industry.
   Few companies have the capacity to serve these big orders.
   Trina Solar, JA Solar, Canadian Solar, Renesola, Jinko Solar and Hanwha will be the winners.

The solar industry has seen an exponential increase in growth over the last 15 years. The growth has increased sharply post 2008, when Germany passed the EEG law giving fixed electricity tariffs for solar electricity generation......

The industry has grown at a furious pace over the last few years. This year is going to be no different, with the industry size estimated to grow by more than 20% to 57 GW up from ~45 GW in the last year. The business case for solar energy keeps on improving with solar prices declining by the day, concerns over climate change rising and with coal power coming under pressure due to mercury poisoning. IEA Institute has predicted that solar energy could capture a 16% share of the global electricity market by 2050 up from 0.1% today. What this means is that more than 4500 GW of solar capacity could be installed by 2050. The massive growth in industry size means that some customers are looking to secure cheap suppliers.....

Trina Solar (NYSE:TSL), JA Solar (NASDAQ:JASO), Canadian Solar (NASDAQ:CSIQ), Renesola (NYSE:SOL), Jinko Solar and Hanwha are some of the winners. These companies have the scale and experience to successfully deliver these giant orders. Many of them now have manufacturing bases around the world to skirt anti-dumping duties.....

Conclusion

The growth in the solar industry is starting to make headlines every day. Even now analysts such as IEA are underestimating the growth of the solar industry. With solar prices falling every year, it might become cheaper than coal. Lower solar prices will increase the overall size of the energy market, as demand grows with lower energy prices. The gigawatt solar panel orders are only going to increase in the future and there are only a few companies which can benefit from this change in the industry. I have rated most of these stocks as a buy and this new change makes their bull case even stronger.
http://seekingalpha.com/article/...e-new-age-of-gigawatt-panel-orders  

...über die heutigen Zahlen kann ich aber noch nichts finden. Hat da jemand schon Infos ?  

Auf den allerersten Blick nicht schlecht.

http://finance.yahoo.com/news/...nounces-first-quarter-110000820.html  

An den Q1 Zahlen gibt es nichts auszusetzen. Eigene Ziele + allg Erwartungen klar übertroffen.
 

Umsatz: 558 Mio USD (erqwartet waren 510Mio)
Gewinn: 15,7Mio USD ( erwartet ca. 6-7Mio)
EPS: 0,16 (erwartet 0,09)
Module: 1,026 GW (891MW extern, 134,5MW für Downstream)
Gross MArgin: 18,0%

Erwartungen für Q2:

Module: mind. 1,1-1,15GW (davon 150MW für Downstream)  liegt ebenfalls voll im Soll!

Die Jahresabsatz von mind 4,4 GW sollte somit in zu erwartend starken Q3/Q4 kein Problem sein und eher nach oben übertroffen werden!


Ich hoffe die zahlen helfen der Branche nach dem Kursrutsch die letzten beiden Tage.
Ich gehe davon aus, dass Jinko kommende Woche ähnlich liefern wird. leider habe ich den Einstieg als kleine Zockerposi kurz nach den Zahlen bei Trina aufgrund von "Arbeit" verpasst^^

 

   Total module shipments were 1,026.2 MW, consisting of 891.7 MW of external shipments and 134.5 MW shipments to the Company's own downstream solar power projects. This compares with total shipments of 1,098.8 MW in the fourth quarter of 2014 and 558.0 MW in the first quarter of 2014, and the company's guidance of 840 MW to 870 MW.
  Net revenues were $558.1 million, a decrease of 20.8% from the fourth quarter of 2014.
   Gross margin was 18.0%, compared with 15.7% in the fourth quarter of 2014.
   Operating income was $29.2 million, a decrease of 4.4% from the fourth quarter of 2014.
   Net income was $15.7 million, an increase of 12.7% from the fourth quarter of 2014.
   Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.16, compared with $0.13 in the fourth quarter of 2014.

"We are pleased to announce the strongest first quarter in our company's history. We exceeded our own guidance as well as market expectations. We maintained our leading position as one of the largest solar companies in the world, with record shipments of over 1 GW during what is traditionally the weakest quarter of the year. Our gross margin rose quarter-on-quarter from 15.7% to 18%......
.....
http://www.nasdaq.com/press-release/...er-2015-results-20150521-00240  

...auf die vorliegende drastische Unterbewertung. Aktuell ca. +12%.  

übrigens im Jinko Forum:
http://www.ariva.de/forum/...Neubewertung-511558?page=126#jumppos3174

Alles TOP!!  

 

...hätte ich schon erwartet. Ein Plus von 12,4 % ist aber nicht schlecht. Da muss man jetzt mal die "Analysten" dazu abwarten und morgen ist auch noch ein Tag.  

...ein fundamentaler 12,4%-Anstieg als eine 25%-Pusherei ohne Grund.  

...dann ist es Ok.  

 Die Aktienanalysten von Roth Capital stufen in ihrer Trina Solar-Aktienanalyse den Titel nach wie vor mit "buy" und einem Kursziel von 25,00 USD ein.  

http://seekingalpha.com/article/...solar-the-stock-should-double-soon

Summary

   Trina Solar is consolidating its position as a top solar player in the industry.
   The company is running at full capacity and also expanding it.
   Its conservative CapEx strategy is paying off.
   Trina Solar is a low cost panel supplier with a leading brand name.

Trina Solar (NYSE:TSL) used to be the best Chinese solar company before the solar industry downturn in 2012.....

the company is now starting to hit the accelerator again and has wrested the No.1 global solar panel position from Yingli Green Energy. The company is also starting to match JinkoSolar in terms of cost, with its in-house solar panel manufacturing cost coming down to 42c/watt. The company has successfully established itself as a downstream solar developer and targets to complete 700-750 MW of capacity in 2015. Trina has also got a well-oiled marketing and distribution network in the largest demand regions for solar panels such as Japan, the USA, India and China. The company is enhancing its manufacturing capacity by setting up factories in Thailand and Malaysia. This will allow it to circumvent new and existing trade sanctions on Chinese made solar modules by the USA and Europe. Trina Solar is consolidating its position as a top solar company. The stock valuation is still quite low compared to other top US listed solar stocks. ...Trina Solar is a buy on every dip.

.....


Valuation remains low

Trina Solar has a very low valuation, with a P/B of 1.2x and a P/S of 0.5x. The forward P/E of just 9x is quite low for a global leader in solar panels, which is forecasting an increase in shipments of at least 20% for this year. Given the strong long-term growth expected in the solar industry, I would expect at least a 20x multiple for Trina Solar which would mean that the stock could double to ~$25 very easily. Canadian Solar, which is a China based company with a strong solar development business, has a P/B of 2.5x and a forward P/E of 25x.
Summary

Trina Solar has become the biggest solar panel supplier in the world, wrestling the top position from Yingli which is facing excess debt issues. The company is increasing capacity, as its existing factories are unable to meet demand in spite of running 24/7. The company has managed to lower its manufacturing costs to become the lowest cost producer of solar panels. The company has got a leading brand name and a strong distribution network in major demand centers. Its solar development business is ramping up strongly and its stock valuation remains cheap. I would advise investors to buy the stock.  

http://www.finanzen.net/nachricht/aktien/...ar-geht-neue-Wege-4376877  

...da bin ich direkt mal gespannt auf morgen. Ich sehe nun die Chance morgen endlich die 13$-Marke zu knacken und in den nächsten Tagen noch ein Stück weiter vor zu stoßen.

Vorausgesetzt der Gesamtmarkt (Griechenland) macht uns keinen Strich durch die Rechnung.  

könnte für trina solar positiv werden!
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