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Trina Solar Ltd Adr Share News

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ADR Report: Strong Earnings Results Help Lift Shares

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed higher Thursday, in line with the broader market, boosted by strong quarterly earnings results. The Bank of New York index of ADRs climbed 0.6% to 132.46. Ensco PLC's (ESV) stock jumped 4.5% to $59.05 as its fourth-quarter results topped analysts' estimates. Adding new ultra-deepwater rigs to its active fleet, a higher deepwater segment utilization and average day rates and an increase in jackup segment utilization contributed to the strong revenues. Xinyuan Real Estate Co.'s (XIN) fourth-quarter revenues jumped 46% as contract sales and floor sales increased while expenses ticked down. Shares of the residential real estate developer, which focuses on Tier II cities in China, rose 3.2% to $2.57. The European index rose 0.9% to 121.32. Allianz SE (AZSEY, ALIZF, ALV.XE), Europe's biggest primary insurer by market capitalization, on Thursday said that a solid performance on the operating level enabled it to keep its dividend for 2011 stable despite a 50% decline in net profit for the year. Allianz shares climbed 2.5% to $11.97. The Latin American index added 0.2% to 380.71. Mexican construction firm Empresas ICA SAB (ICA, ICA.MX) said Thursday it has signed a contract worth 2.01 billion pesos ($157 million) to build a two-lane highway in the Pacific Coast state of Nayarit. Shares gained 5% to $7.93. UBS raised its recommendation on shares of Mexican corn miller and tortilla maker Gruma SAB (GMK, GRUMA.MX) Thursday to buy from neutral, citing improving trends seen in the company's fourth-quarter earnings results. Shares of Gruma traded 5.1% higher to $9.50. The Asian index slipped 0.1% to 130.18 and the emerging markets index fell 0.2% to 313.86 as solar companies tumbled for the second day in a row. Trina Solar Ltd. (TSL, K3KD.SG) swung to a wider-than-expected fourth-quarter loss as the Chinese solar-products maker reported sharply lower sales and margins plunged. Trina Solar's stock dropped 12% to $8.63. The results also weighed on peers, with Yingli Green Energy Holding (YGE), which lowered its forecast for fourth-quarter shipments and gross margins on Wednesday, also fell, off 11% at $3.85. Hanwha SolarOne Co. (HSOL) fell 9.2% to $1.77 and JA Solar Holdings Co. (JASO) declined 6.7% to $1.94. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com

Stock News for Trina Solar Ltd Adr (TSL)
DateTimeHeadline
05/29/201516:38:21Specialized Disclosure Report (sd)
05/21/201516:21:50Report of Foreign Issuer (6-k)
05/21/201512:34:00Trina Solar Duo-Max Module Wins MIREC Innovation Award 2015
05/21/201511:39:24Why Shares of Trina Solar Limited (ADR) Shot 17% Higher Today
05/21/201507:19:00Trina Solar Announces First quarter 2015 Results
05/21/201507:03:02Another Chinese Solar Giant On the Verge of Collapse
05/06/201507:00:00Trina Solar Announces Conference Call to Discuss First Quarter...
05/06/201507:00:00Trina Solar Announces Establishment of New Manufacturing Base...
04/28/201507:19:00Trina Solar Files its Annual Report on Form 20-F for 2014
04/27/201507:16:00Trina Solar Signs Strategic Cooperation Framework Agreement with...
04/26/201508:45:11China -- Not the U.S. -- Is Leading the Solar Revolution
04/24/201516:12:08Annual and Transition Report (foreign Private Issuer) (20-f)
04/24/201516:09:04Securities Registration: Employee Benefit Plan (s-8)
04/24/201507:00:00Trina Solar Announces New Efficiency Record for Multi-Crystalline...
04/22/201509:51:33What You Need to Know Before Investing in Solar Stocks
04/13/201507:00:00Trina Solar Announced to Supply 116 MW Modules to Japan's Largest...
04/11/201511:53:32Trina Solar: Increasing Connections To The Grid And Low Costs...
04/08/201514:25:38Solar Module Manufacturers - Who Can Benefit From Demand Growth?...
04/08/201507:00:00Trina Solar Announces Shipment of 9.9 MW Modules for One of the...
04/05/201509:00:02The Biggest Challenge Facing SolarCity and Vivint Solar in 2015

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