Investors were clearly focused on the bottom line in the newly released earnings for solar panel maker Trina (NYSE: TSL) and leading microblogging site Weibo (Nasdaq: WB), which are both trying hard to show they can post consistent profits on a long-term basis. For Trina the news was strong, as the company posted its third consecutive quarterly profit after several years of losses during a prolonged sector downturn. The prognosis was less stellar for Weibo, which posted a loss for the period even though the figure showed positive trends. Read Full Post…
Three industry leaders have just announced their latest quarterly results, and the numbers look downbeat for online travel giant Ctrip (Nasdaq: CTRP) and Internet real estate services firm Soufun (NYSE: SFUN). Meantime, some limited results from solar panel maker Canadian Solar (Nasdaq: CSIQ) look more positive, showing that both sales and prices are picking up more quickly than expected amid a spotty sector recovery from a 2 year downturn. Read Full Post…
China sent an important message to the struggling solar panel sector last week when one of the country’s major manufacturers was forced to turn to global capital markets to raise new funds, hinting that it couldn’t receive the money from state-backed domestic sources. The move sparked a sell-off for New York-listed shares of Yingli Green Energy (NYSE: YGE), as its request for funds met with a frosty response on Wall Street. Read Full Post…
