N🟁N

Schaeffer's Sentiment Snapshot: Trina Solar Limited (TSL)

  //science-technology.news-articles.net/content/2 .. -sentiment-snapshot-trina-solar-limited-tsl.html
  Published in Science and Technology on Tuesday, February 17th 2009 at 10:36 GMT, Last Modified on 2009-02-17 10:37:17 by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

CINCINNATI--([ BUSINESS WIRE ])--While the Dow Jones Industrial Average flirts with a triple-digit deficit, one equity is attempting to defy the broad-market trend today: Trina Solar Limited (NYSE: TSL). The shares have taken the road less traveled in early afternoon trading, bolstered by the China-based solar firm's latest earnings outlook.

More specifically, Trina this morning announced that it will take a fourth-quarter charge of $16 million to $18 million due to a steep decline in silicon prices. As a result, the firm will trim gross margins in the fourth quarter to between 9% and 10%, compared to its former forecast for 13% to 15%.

However, the solar sultan said that net revenue for the fourth quarter would exceed its expectations of $190 million to $210 million. What's more, Trina said that the tumbling silicon prices helped to boost cash flow, and will allow the firm to "significantly reduce" short-term debt to maintain liquidity for the current year. For the quarter, the company cut its short-term debt by $41 million to $249 million.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/sentiment+snapshot+trina+solar+limited+tsl/observations.aspx?click=home&ID=91206&source=businesswire ]