Which overseas tech firm could be a 'sunny' addition to any portfolio?
Tim Seymour says it's Trina Solar !
Currently China is dependent on what's widely considered the diretiest fuel on the planet; coal. With global warming an ever growing concern, Beijing has decided to make massive investments in alternative energy, especially solar power.
And Trina Solar is a leading in the development of solar technology. According to thefirm's website, Trina Solar produces and commercializes a wide variety of photovoltaics (PV) modules, both monocrystalline and multicrystalline, with power outputs ranging from 165W to 230W.
Here are some more particulars:
Trina Solar (TSL)
-Based in China
-Market Cap: $472 million
-52 Week Low $5.61
-52 Week High $53.50
-YTD the stock is down about 60%
What makes Trina Solar a rising star?
These guys are doubling their production, explains Seymour and they have a solid customer base across Europe. Also stimulus money from the US and China is flowing into this space.
And it’s the first time in a long time that it’s been somewhat cheap.