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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:37 EDTTSLTrina Solar 'disppointed' by DOC's findings in countervailing investigations
Trina Solar Limited notes the preliminary findings on June 3 by the U.S. Department of Commerce relating to the countervailing duty investigation concerning imports into the U.S. of certain crystalline silicon solar finished products and components from China. Trina Solar is one of the China-based suppliers of these products to the U.S.According to the Commerce Preliminary Subsidy Rate scheme, preliminary subsidy rates ranging from 18.56% to 35.21% were assigned to the exporters in China. Trina Solar as a compulsory respondent is found to be subject to a preliminary rate of 18.56%, the lowest among the Chinese exporters. Trina Solar is disappointed by the preliminary findings and believes the allegations made by SolarWorld are contrary to the principles of free and fair trade, and are unfounded. Trina Solar's transactions with all its customers in the United States are in accordance with international trade practices.
News For TSL From The Last 14 Days
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December 17, 2014
06:36 EDTTSLU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
December 8, 2014
06:11 EDTTSLTrina Solar acquires 28% stake in Shuntai Leasing
Trina Solar announced it has entered into a share purchase agreement to acquire a 28% stake in Shuntai Leasing Company Limited. Total registered capital of Shuntai is approximately $50M. Changzhou Hi-tech Jinlong Holdings, a subsidiary of Changzhou Hi-tech Group Co., is the major shareholder of Shuntai. Changzhou Hi-tech Group is one of the largest state-owned companies in Changzhou covering a wide range of businesses including government financing, city development and operation of business enterprises. The group also owns several financing institutions and has raised approximately $5.5B in the past years. Trina Solar has also signed a cooperation agreement with Shuntai to finance the company's downstream projects and solar manufacturing business by leveraging Shuntai's leasing platform.

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