I apologize for my recent lack of blogging, I have been crazy busy these days. I have decided to focus my writing from now on analyzing Green companies that show true promise in the market. This week I will be taking a look at Trina Solar (TSL), a global company with manufacturing based in China.
A quick look at their financial fundamentals reveals a company poised for growth and significant gains. Here is an excerpt from their website’s investor page.
Second Quarter 2010 Financial and Operating Highlights
– Solar module shipments were approximately 223 MW, compared to the
Company’s previous guidance of 200 MW to 205 MW, representing an
increase of 15.7% sequentially and 248.7% year-over-year
– Net revenues were $370.8 million, an increase of 10.1% sequentially and
147.2% year-over-year
– Gross margin was 32.1%, above the Company’s guidance of high 20s in
percentage terms, compared to 30.9% in the first quarter of 2010 and
27.4% in the second quarter of 2009
– Operating income and operating margin were $83.3 million and 22.5%,
respectively, compared to $76.0 million and 22.6%, respectively, in the
first quarter of 2010
– Net income was $38.7 million, which includes a net foreign currency
exchange loss of $29.2 million, compared to net income of $44.5 million
in the first quarter of 2010
– Earnings per fully diluted ADS were $0.52, which include the impact of
a net foreign currency exchange loss of $0.37 per fully diluted ADS,
compared to $0.66 in the first quarter of 2010
Sounds to me like this company is in a position to expand as the demand for solar technologies continues to rise around the world. Keep watching the price of oil related to this stock. If oil skyrockets it will already be too late to invest! Looking back at the history of this company’s financial performance reveals a resistance to market fluctuations that have hurt other solar providers. Now their business world-wide continues to expand at a significant rate as the economic situation begins to stabilize in the global energy markets.
