Spectacular Revenue Growth in Photovoltaic Solar Energy Sector

Share prices as of November 21, 2008

TSL Trina Solar $6.36

Trina Solar recently announced their sensational Q3 numbers, including record revenue and profits. Some highlights:

Trian Solar Limited (TSL.NYSE) released its operating results in the third quarter of 2008 with net income hitting 32.1 million US dollars, up from 17.1 million US dollars in the second quarter this year.

Trina Solar posted 290.7 million US dollars of revenue and 252.7 MW of solar module shipments, increasing 252.1 percent and 213.7 percent on year, respectively.



FSLR First Solar $92.81

First solar reported revenue of 135 million in 2006 and 504 million in 2007, and the quarter ending in September brought in 348 million. Consistently profitable, FSLR is the thin film leader and one thing the bears may not have factored in is management's ability to secure long term raw materials during this lull in the commodity mania.



JASO JA Solar $2.10

Exponential revenue growth; if JASO starts reporting in US dollars more people will take notice.



SPWRA SunPower Corp $20.59

San Jose CA based American solar power company reported 2006 revenue of 236 mil, 2007 produced 775 mil, and the quarter ending in September brought in 377 mil.



YGE Yingli Green Energy ADR $2.89

YGE is another photovoltaic energy stock that would benefit from reporting in US dollars. 100% plus revenue growth.



STP Suntech Power $6.05

The world went in a tizzy over their warning that they were being hurt by a rising US dollar, and the overall panic in capital markets has hit this one from every other angle too. Reported 2006 revenue of 600 mil, did 1.35 bil in '07 and produced 480 mil in a recent quarter.



CSIQ Canadian Solar $4.06

What matters more, the record $252 mil in quarterly revenue (versus year earlier 97.4) and 11 mil in profit (vs. 0.5) for Q3, or the forecast 70 to 85 mil in total Q4 rev? I think management appears to be on top of things and conserving $100 mil in cash plus credit lines may provide merger and acquisition opportunities in early 2009.