Stock Alert: CSIQ, EFOI, TSL
by Harris Roen Editor
Roen Financial Report
Thursday, August 20, 2015
Today’s Alert:
Canadian Solar Inc (CSIQ)
Energy Focus, Inc (EFOI)
Trina Solar Limited (ADR) (TSL)
Large volume moves on these three pure-play alternative energy companies.
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| Despite rising revenues, Canadian Solar tumbles 18% on heavy one-day volume as it reports disappointing earnings guidance for the 3rd quarter. CSIQ stock is down 43% for the year, and is 54% below its high reached in 2014 | Reuters |
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| LED bulb maker Energy Focus jumps 9% on the largest volume in a year as it receives an analyst upgrade from Zacks. This speculative high-flyer is now up 280% for the quarter, and is worth over 10-times what it was in 2012. | News Watch International |
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| Trina Solar comes in with a strong earnings release, beating analyst expectations. Revenues are up 30% for the quarter, and net income almost triples. TSL stock gained on the news, but then dropped back down to last week’s trading level. | SEC filing |
DISCLOSURE
Individuals involved with the Roen Financial Report and Swiftwood Press LLC owned or controlled shares of TSL. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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