Trina Solar Obtains a 42.5 MW Order from Gestamp Solar - Analyst Blog

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Solar photovoltaic ("PV") module maker Trina Solar Limited ( TSL ) announced receiving an order from Gestamp Solar to supply PV modules for a plant located in Marcovia, Honduras. The project is expected to come online by the second quarter of this year.

Gestamp Solar is a business division of Gestamp Renewables, which is a subsidiary of Corporación Gestamp, a holding company engaged in manufacturing steel components and structures for automotive and renewable energy industries through its subsidiaries. Gestamp Solar develops and maintains large solar plants in various parts of the world.

The solar plant located in Marcovia will have a capacity of 42.5 megawatt ("MW"). Expected to be spread over 180 hectares upon completion, this will be Gestamp Solar's first solar plant in the Republic of Honduras.

China-based Trina Solar will provide over 160,000 of its high-efficiency utility-grade PC14-310W modules to this facility. In order to enhance efficiency, the modules will be fitted with 300 solar trackers.

Expected to produce 93 GW/h of energy yearly, the plant will provide enough electricity to light 45,000 homes in the country. The renewable power produced will replace approximately 43,000 tons of carbon emissions.

To maintain and further improvise on the quality of its modules, Trina Solar consistently invests in R&D activities. The company achieved a new milestone at the start of the year. Trina Solar's multi-crystalline silicon PV module reached a record power output of 324.5 watt-peak ("Wp") (read: Trina Solar Ltd. Shares Rise on Record Power Output ).

However, the U.S. Department of Commerce is planning to impose an anti-dumping duty of 52% and anti-subsidy duty of 39% on imports of solar modules from Chinese manufacturers. Trina Solar's sales to the U.S. may be hurt by these duties.

Trina Solar currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the solar industry are Canadian Solar Inc. ( CSIQ ), sporting a Zacks Rank #1 (Strong Buy) and Enphase Energy, Inc. ( ENPH ) and STR Holdings, Inc. ( STRI ), carrying a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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