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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 29, 2014
09:34 EDTTSLTrina Solar says opposed to preliminary U.S. antidumping findings
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08:45 EDTTSLChinese solar stocks facing multiple headwinds, says Axiom
Axiom believes that there are "outsized risks" to the margins and consensus estimates of Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO). The firm says that the companies are facing higher raw material prices, lower cell and module prices, adverse tariff decisions in the U.S., and reduced solar subsidies in multiple countries. In conjunction with this note the firm downgraded its rating on JA Solar to Hold from Buy. It kept Sell ratings on Trina Solar and Yingli Green Energy.
July 27, 2014
20:10 EDTTSLU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link

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