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Stock Market & Financial Investment News

News Breaks
July 29, 2014
09:34 EDTTSLTrina Solar says opposed to preliminary U.S. antidumping findings
Trina Solar notes the preliminary findings on July 25 by the U.S. Department of Commerce relating to the antidumping duty investigations concerning imports into the U.S. of certain crystalline silicon photovoltaic products from mainland China and Taiwan. Trina Solar is one of the China-based suppliers of these products to the United States. The U.S. Department of Commerce preliminarily determined that certain crystalline silicon photovoltaic products from mainland China and Taiwan have been sold in the United States at dumping margins ranging from 26.33% to 58.87% and from 27.59% to 44.18%, respectively. Trina Solar was a compulsory respondent to the China investigation in which it received a preliminary dumping margin of 26.33%, the lowest among the Chinese exporters. "Trina Solar opposes the preliminary findings and believes the allegations made by SolarWorld are contrary to the principles of free and fair trade and are unfounded. The Company continues to actively defend its position in these administrative proceedings and remains committed to serving its many customers and business partners in the United States where Trina Solar has built a solid and long-standing reputation for high quality products and services. Trina Solar believes that because of its competitive cost structure, in house manufacturing capacities, global strategies, strong brand image and quality products and global strategies, it will continue to grow its business in the United States and to play an important role in the U.S. market," the company said.
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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