Home / Street Sector / Chinese Solar Stocks in Danger: Trina Solar Limited (NYSE:TSL), JinkoSolar Holding (NYSE:JKS), Ascent Solar Technologies (NASDAQ:ASTI)

Chinese Solar Stocks in Danger: Trina Solar Limited (NYSE:TSL), JinkoSolar Holding (NYSE:JKS), Ascent Solar Technologies (NASDAQ:ASTI)

Trina Solar Limited (NYSE:TSL) [Detail Analytic Report]  revealed that its State Key Laboratory of PV Science along with Technology of China has place a new world record of 23.5% for a high-efficiency silicon solar cell by means of an Interdigitated Back Contact (IBC) structure on a large-area 156×156 mm2 n-type mono-crystalline silicon (c-Si) wafer.

Vice-President and Chief Scientist, who leads the development of high-performance solar cells at the State Key Laboratory of Trina Solar, Dr. Pierre Verlinden stated that they are very pleased to declared new efficiency result achieved by their scientists and researchers. To best of their knowledge, this is first time that a mono-crystalline silicon IBC solar cell with an area of 238.6 cm2 exhibits a total-area conversion efficiency of 23.5%.

The best 156×156 mm2 solar cell fabricated entirely by means of a screen-printed process signed a total-area efficiency of 23.5%, which breaks previous record of 22.94% for similar type of solar cell that was also established by Company in May, 2014. Particularly, this remarkable result has been achieved just two years following previous released by Trina Solar of 24.4% efficiency for a small area (2cm x 2cm) laboratory IBC solar cell developed in collaboration with the Australian National University (ANU) in Canberra, Australia.

Noting a main crunch of analyst research by WSJ, TSL under observation of quarterly per share earnings, it has second quarter 2016 trend of $0.23, while in next quarter estimated EPS trend is $0.34 and for annual basis for 2016 estimated EPS is $1.40. Relatively pool of WSJ analyst issues diverse rating, as for current level it has 4 experts rated as “BUY” security, 0 analyst recommend as “Overweight,” and 6 experts rated as “Hold”.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) [Detail Analytic Report]  released that its 1500-volt Eagle PV modules, manufactured by means of its strategic partner DuPont’s Tedlar polyvinyl fluoride (PVF) film-based backsheets, have received UL1703 certification by Underwriters Laboratories (UL).

General Manager of JinkoSolar (U.S.) Inc, Nigel Cockroft stated that JinkoSolar has quickly become brand of choice for utility-scale installations because of their high quality modules and unmatched following sales services. He thinks that JinkoSolar’s 1500-volt Eagle modules are by far one of most robust products in North American market, especially with DuPont Tedlar backsheets. These high quality modules are yet another step in their effort to provide customers with best technology and proven, reliable, and cost-effective products.

For current month, 1.20 analyst from pool recommended for an “overweight” rating, while 0.88 gave rating of “Buy” and 4.56 analysts suggest to “Hold” and 4 gave preference to “underweight,” according to research rating by WSJ.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) [Detail Analytic Report] released that in previous month its results for Q4 and full year ended December 31, 2015. Ascent Solar completed a debt restructuring exercise as well as successfully redeemed substantially all its outstanding Senior Secured Convertible Notes. Ascent Solar expanded its alliances with Bye Aerospace, a pioneer in the field of clean energy propulsion for aviation, to develop a unique aircraft to fill the gap among mapping as well as surveillance of Mars from orbital satellites and ground-based rovers. EnerPlex signed a significant milestone with products now available in over 1,000 retail locations worldwide.

To narrow down focus on firm’s analytic rating, ASTI receives a wide range of reviews through technical indicators; experts eagerly produce EPS tends for quartile and annual, for current quarter trends were $0.23 and $0.34 for next quarter. On annual bases, it has $1.40 for FY 2016 Estimate Trends and $1.56 for FY 2017 Estimate Trends. To neat down this understanding, 4.56 analysts rate it as ‘Holding’ security, at the same time as 0.88 suggests for ‘Buy’ as compare to 1.00 analyst suggested in 3 month ago.

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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