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Today’s Hot News: SunPower Corporation (SPWR), Canadian Solar Inc. (CSIQ), Trina Solar Limited (ADR) (TSL)

Since energy represents one of the most important resources that ensures the existence and survival of humanity, companies from the energy sector are usually always in the middle of investors’ attention. However, among many companies from the energy sector, there are several that stand out. Due to the fact that a common popular trend recently has become alternative energy sources, especially solar, companies engaged in the production of solar panels are doing better then their peers from the sector. In this way, let’s focus on three companies from the solar sector that are on our radar today. As follows they are: SunPower Corporation (NASDAQ:SPWR), Canadian Solar Inc. (NASDAQ:CSIQ), and Trina Solar Limited (ADR) (NYSE:TSL).

Trina Solar Limited (ADR) (NYSE:TSL)

SunPower Corporation (NASDAQ:SPWR)’s stock gained about 1% to $20.8 per share after the market bell. SunPower recently declared its second-quarter financial results, posting $576.5 million in revenues and a net income of $19.6 million, which beats the last-year result, which represented a net loss of $84.2 million. For the next quarter, SunPower Corporation (NASDAQ:SPWR) expects its revenues to be situated between $550-$600 million, and the net income to total to $0.15-$0.35 per share.

“Our North American business continues to be the cornerstone of our success as we completed panel installation at the California Valley Solar Ranch (CVSR) with full project completion expected by year end.  Construction of the 579-megawatt (MW) Solar Star Projects for MidAmerican Solar continues.  Additionally, we strengthened our position as the leader in the commercial market booking $100 million in commercial projects in the second quarter. In the residential business, demand continues to be solid with $150 million in new lease capacity financing, SunPower is well positioned for success in the second half of the year,” a statement issued by SunPower Corporation (NASDAQ:SPWR) quoted the CEO and President Tom Werner.

The next on the list comes Canadian Solar Inc. (NASDAQ:CSIQ), whose stock at the market opening increased by over 3% to $11.3, while the year-to-date return amounts to over 220%. For the second quarter of the year, Canadian Solar Inc. (NASDAQ:CSIQ) posted a net loss of -$0.29 per share, which is worse than the previous-quarter loss of -$0.10 per share, even though the company showed a significant increase in revenue: $380.4M vs. $263.6 million. At the same time, Canadian Solar Inc. (NASDAQ:CSIQ) announced its plans to sell up to $50 million of its common shares via an at-the-market program, the prospectus supplement for which has already been filed.

And the third on our list we should mention is Trina Solar Limited (ADR) (NYSE:TSL), which announced its quarter results today. The company had a good quarter, according to its earnings report, with revenues surging by almost 70% over the quarter and totalling $440.7 million, while the net loss halved to $33.7 million, below the first-quarter amount of $63.7 million. The year-to-date return of Trina Solar Limited (ADR) (NYSE:TSL)’s stock amounts to more than 65.4%, and on Tuesday it went up by 6.9% to $7.3 in the morning trading.

Let’s see how these companies will perform during the day and how their performance will affect their stock prices.

Disclosure: none

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