Stock Pick: Long Term Call Options Prefered for Trina Solar
Aug, 21st 04:34
Trina Solar reported great Q2 numbers, beating growth expectations on nearly all fronts.
The company reported a quarterly revenue of $722.94M (beating analysts’ expectations of $651.71M), which represents a 39.2% YoY increase. The company’s 1.23 GWs of quarterly module shipments came in higher than its own guidance of 1.1-1.14 GWs.
In addition, the company reported an ADS (American Depository Share) of $0.42, beating expectations of $0.25. Trina Solar’s Q2 represents yet another record quarter for the company, solidifying its place as a dominant solar PV company.
Most impressively, Trina Solar has managed to reduce costs at a lightning pace, which positions the company well to dominate the global solar landscape.
Trina Solar is noticeably growing its presence on the utility-scale and distributed downstream markets.
Considering the overall technical and fundamental outlook, it seems like a good opportunity to buy long term call options of Trina Solar stock.