Tuesday, April 15, 2008

Trina Down, LDK Up, Climateer Confused (FLR, LDK, TSL)

Yesterday Trina Solar was up 15% and the news was Trina Solar Cancels Plans for $1 Billion Polysilicon Plant, Stock Up Another 7%* (TSL).


"Fluor Contracts for World's Largest Polysilicon Plant"
Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract for engineering, procurement and construction management (EPCM) services by LDK Solar Co., Ltd., (NYSE: LDK) for the worlds largest new polysilicon facility in Xinyu City, Jiangxi, Peoples Republic of China. Fluor originally booked the front-end engineering and design (FEED) work for this project in the third quarter of 2007. Fluor booked the remainder of the $1 billion project in the first quarter of 2008....MORE

Was it the same "billion-dollar polysilicon plant" salesman working his territory?

LDK was up 2.25% today (and another 1.6% after hours)
TSL was down 3.4% after the big run over the two prior trading sessions.