Friday, November 13, 2009

Bar Set High for Next Week's Slew of Solar Reports (STP; TSL)

UPDATE: "Cheap Solar: Plunging Silicon Gives Asian Solar Companies an Edge, HSBC Says (TSL; STP; YGE)"
Original post:
We like Tickerspy. They put together the first Swine Flu Index that we saw.
We don't like the smaller Chinese solars.
From Tickerspy via Yahoo Finance:
Another Chinese solar play topped the Street's expectations on Friday, setting the pace for a slew of earnings next week....

...Today's session is the Street's last chance to place bets on ReneSola's ( SOL ) Q3 performance before its pre-market report on Monday. As of Thursday's close, the stock is the Chinese solar sector's worst performer over the last five sessions, down by -5.6%.

China Sunergy ( CSUN ), LDK Solar ( LDK ), and Solarfun Power Holdings (SOLF ) will all report their numbers before the market opens on Wednesday. LDK is the sector's worst performer over the last month, down by -30%.

Canadian Solar (NASDAQ: CSIQ - News) is the sector's lone report on Tuesday, reporting before the market opens.

Finally, Suntech Power Holdings ( STP ) and Trina Solar ( TSL ), China's first and third largest solar players by market cap, will report on Thursday - Suntech pre-market, Trina after closing. Trina is outperforming one-month runner-up Canadian Solar by more than 10% for the period, up by 6.6%.

As of Thursday's close, the Chinese Solar Stocks Index was one of the 50 worst-performing tickerspy Indexes over the last month, down by -6.5%....MORE