Asia
Jefferies Adjusts Trina Solar's Price Target to 18.13 Yuan from 21.71 Yuan, Keeps at Buy
Trina Solar (SHA:688599) has an average rating of overweight and mean price target of 21.88 yuan, according to analysts polled by FactSet.
SHA:688599
SHA:688599
8 stories mentioning SHA:688599Updated 38d ago
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Asia
Shenzhen Xunce Signs MOU With Trina Solar Unit for AI, Green Computing
Shenzhen Xunce Technology (HKG:3317) signed a memorandum of understanding with Jiangsu Tianhe Computing Power Technology, a wholly-owned subsidiary of Trina Solar (SHA:688599), to cooperate in AI, data, and green computing, according to an Aug 7 Hong Kong bourse filing.The partnership will focus on large models in the energy sector, data assetization, coordination of computing power, and the integration of computing with electricity supply.The companies also plan to explore green computing services and energy data infrastructure, as well as token-based billing and data assetization models for power plants and data centres.
HKG:3317SHA:688599
Asia
Trina Solar Narrows H1 Loss, Revenue Up 3%
Trina Solar (SHA:688599) posted first-half attributable net loss of 269.9 million yuan, compared with 2.92 billion yuan the previous year.Loss per share narrowed to 0.12 yuan from 1.34 yuan, according to a Friday filing with the Shanghai bourse.The photovoltaic company's revenue climbed 3.0% year over year to 32.0 billion yuan from 31.1 billion yuan.
SHA:688599
Asia
Trina Solar Logs Impairment Losses Worth 1.04 Billion Yuan in H1
Trina Solar (SHA:688599) recognized credit impairment losses and asset impairment provisions totaling 1.04 billion yuan in the first half, according to a Shanghai bourse filing on Friday.Credit impairment losses amounted to 227.2 million yuan, and asset impairment losses amounted to 812.6 million yuan.
SHA:688599
Asia
Trina Solar's H1 Loss to Narrow
Trina Solar (SHA:688599) expects its net loss attributable to owners in the first half to narrow year on year to between 180 million yuan and 360 million yuan, according to a Shanghai bourse filing on Friday.The attributable loss a year earlier was 2.92 billion yuan, or 1.34 yuan per share.The Chinese photovoltaics company's shares rose 1% at the close.
SHA:688599
Asia
Market Chatter: Chinese Solar Panel Giants Struggling to Make Ends Meet on Oversupply Woes
The top lines of Chinese solar panel giants struggled in the first quarter as they face overcapacity and subsidy-fueled exports, Nikkei Asia reported Tuesday.Jinko Solar's (SHA:688223) revenue slipped 12% year over year to 12.2 billion yuan in the first quarter, while LONGi Green Energy Technology (SHA:601012) registered a negative profit margin after costs exceeded revenue, the report said.Jinko and Trina Solar (SHA:688599) eked out gross profits, but they were not enough to offset fixed costs, the report said.Overcapacity has also driven a plunge in prices, with the prices of panels falling 60% from their peak in 2021, Nikkei said, citing research firm CEIC.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SHA:601012SHA:688223SHA:688599
Asia
Market Chatter: China Solar Panel Makers Seek Foray into Storage Systems Amid Lower Photovoltaic Sales
China's top solar panel makers are scrambling to diversify into battery storage expansion as photovoltaic installations slow, Reuters reported Thursday, citing company executives.For instance, Jinko Solar (SHA:688223) is looking to grow its battery manufacturing capacity to up to 14 gigawatt-hours from 5 gigawatt-hours, Reuters said, citing regional technical head for energy storage systems Titus Koech.JA Solar Technology's (SHE:002459) battery products were on display at its booth during the SNEC photovoltaic conference, marking a shift from its usual solar energy demonstrations, the report said.LONGi Green Energy Technology (SHA:601012) advertised its solar-plus-storage integration on the conference's screen, the report said.For a Trina Solar (SHA:688599) executive, the integration is the "second growth curve" following solar energy, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Shanghai Composite^SZSESHA:601012SHA:688223SHA:688599SHE:002459
Asia
Market Chatter: China Solar Giants Pivot to Battery Storage
Facing weaker domestic installations, slowing exports, and record-low prices, China's top solar panel makers are rushing into battery storage, Reuters reported Friday.Jinko Solar (SHA:688223) plans to boost storage capacity to up to 14 gigawatt-hours by year-end from 5 gigawatt-hours, according to the report.JA Solar (SHE:002459) showcased storage products at the International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, marking a shift from pure photovoltaic displays, Reuters wrote.Trina Solar's (SHA:688599) storage shipments more than quadrupled year on year in the first quarter, according to the report.Executives see storage as "the second growth curve" as global demand for renewables storage surges, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Shanghai Composite^SZSESHA:688223SHA:688599SHE:002459
