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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (14713)	10/16/2008 1:32:46 PM
From: Smiling Bob	Respond to of 19257

TSL - Gee. No wonder it's down 50% in the last few weeks. UPDATE 1-Trina Solar lifts 3rd-qtr revenue estimate Wednesday 10/15/2008 6:39 PM ET - Xinhua Financial News Related Companies Symbol Last %Chg TSL 13.22 2.08% As of 1:30 PM ET 10/16/08 Trina Solar Ltd increased its quarterly revenue outlook to at least 10 percent above analyst expectations, helping its stock avoid the dramatic sell-off seen elsewhere in the sector and market on Wednesday. The Chinese solar products maker now expects revenue of $285 million to $294 million, well above its previous range of $250 million to $265 million and the average analyst estimate of $259 million on Reuters Estimates. The company shipped about 66 megawatts of solar modules in the quarter, at the top end of its own forecast range, and said its operating margin was expected to be 15 percent to 17 percent, as it previously indicated. "We expect to strengthen our operating cash flows over the third and fourth quarters of 2008," Chief Executive Jifan Gao said in a statement. Trina affirmed its anticipated third-quarter gross margin of 23 percent to 25 percent. It expects gross margins to improve next year due to a drop of as much as 20 percent in the cost of polysilicon, the solar industry's key raw material. Shares of Trina Solar were down 1.8 percent at $13.11 on Wednesday, while others in the solar sector suffered double-digit percentage-point declines on the day. Trina Solar shares have lost more than half their value in the last three months, though that is not far off what rivals have lost. Solar shares plunged on Tuesday on worries that tight credit would hurt solar project developments next year. Thomas Weisel Partners analyst Jeff Osborne had cut his ratings on China-based solar cell makers Suntech Power Holdings Co Ltd and JA Solar Holdings Co Ltd. Friedman Billings Ramsey analyst Mehdi Hosseini said some of the polysilicon supply of Suntech and Trina Solar was at greater risk due to liquidity issues or suppliers' need for capital. (Reporting by Braden Reddall; Editing by Gary Hill) Keywords: TRINASOLAR/ Braden Reddall vj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. MMMM