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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:06 EDTTSLTrina Solar announces favorable arbitration reward of $20.4M
Trina Solar announced it has received $20.4M from a customer in an arbitration settlement involving an outstanding account balance under a solar module purchase agreement. The arbitration panel determined that Trina Solar was entitled to $20.4M, which included the full amount of the outstanding accounts receivable of $17.4M sought by the company, plus sales tax and accrued interests. The arbitration fund was received subsequent to the Company's fourth quarter and full year 2013 earnings results. As a result, the accounts receivable provision of $5.7M for bad debt previously accrued has been reversed in the fourth quarter of 2013. Consequently, related financial numbers previously stated in the company's fourth quarter and full year 2013 earnings release are being adjusted to reflect this event.
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July 15, 2014
07:04 EDTTSLWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).Reference Link
July 14, 2014
11:16 EDTTSLWTO finds U.S. violates trade rules with tariffs on Chinese steel, solar panels
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