Diamonds and Dogs
5/14/13Trina Solar Limited (TSL)
Trina Solar is burning up today, down 8.77% at $5.41. The Chinese solar-panel company saw its shares fall after reducing its first quarter shipping forecast. Trina now expects solar module shipments between 390 megawatts and 400 MW, compared with its previous guidance of 420 MW to 430 MW. Furthermore, the company said that it expects that its earnings will be hurt by currency losses and one-time charges. Investors are selling shares due to worries that Trina will lower full year forecasts when their earnings report is due on May 29th. Trina Solar is trading in the middle of its 52-week range of $2.04-$7.31.
InterOil Corporation (IOC)
InterOil is on fire today, up 9.50% at $85.33. The integrated oil and gas company saw its shares pop after releasing earnings. First-quarter revenue rose 3.6% to $350.3 million which topped the $331.5 million estimate from Wall Street. Furthermore, net income fell 58% to $4.0 million, or $0.08 per share. Analysts were expecting a loss of $0.12 per share. Along with the better than expected earnings, the Gulf LNG project is moving forward with bids to partner with InterOil and/or other companies. InterOil has to move higher to get near its 52-week high of $99.05.