Tag - Tsl

I've received a number of subscriber e-mails lately with readers asking for input on particular small-cap stocks. Today I'm going to quickly share my take on some of these stocks. If you have some stocks you think I should check out, just send an email to editorial@smallcapinvestor.com and I'll give you my thoughts in a future issue.
First up is an e-mail from Rebecca C.:
"I am a subscriber to your SmallCapInvestor PRO advisory and I love it.…this is actually my first year enrolled in your advisory service. I have some questions on a couple of interesting stocks I've been watching. In one of your recent newsletters you talked about Rentech (AMEX: RTK). I was really thinking about getting in on some shares but noticed it is facing possible litigation. Can you tell me what you think about this stock?
I am also looking at Evergreen Solar (Nasdaq: ESLR) What's your opinion about this stock?
Glad you enjoy the service Rebecca and I hope you've been able to profit with my investment ideas.
Regarding Rentech, I wrote about this company back on November 23 (click hear to read that issue) when it was a $1.25 stock. Since then it has traded up to $1.69 but the trend is definitely lower with the stock trading between its 50-day and 200-day moving average. In that article I wrote:
I love investing in small-cap stocks because of their massive growth potential, but Rentech doesn't make the cut because it is simply too risky of an investment at this stage. The company needs to prove its business model before investors should jump in – in the meantime there are simply too many more attractive opportunities out there.
Rebecca has done the right thing by following this stock for a while before pulling the trigger and buying shares. Researching a potential investment is critical, and in this case she exposed a recent development that makes this stock totally off limits in my mind.
Rentech is now facing allegations of possible securities violations - specifically that certain executive officers recklessly misrepresented the company's financial prospects. This includes overstating financial results and not complying with Generally Accepted Accounting Principles (GAAP), which are big "no-no's" for public companies...

China Housing & Land Development Inc. (Nasdaq:CHLN), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and Trina Solar Ltd. (Nasdaq:TSL) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: GT Solar International Inc. (Nasdaq:SOLR), Park-Ohio Holdings Corp. (Nasdaq:PKOH), Rentrak Corp. (Nasdaq:RENT), Canadian Solar Inc. (Nasdaq:CSIQ), Bank of South Carolina (Nasdaq:BKSC) and Umpqua Holdings Corp. (Nasdaq:UMPQ).

Pricesmart Inc. (Nasdaq:PSMT), Franklin Covey Co. (Nasdaq:FC) and Cornerstone Therapeutics Inc. (Nasdaq:CRTX) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Investors Title Co. (Nasdaq:ITIC), Rubicon Technology Inc. (Nasdaq:RBCN), M I Homes Inc. (Nasdaq:MHO), MAP Pharmaceuticals Inc. (Nasdaq:MAPP), Trina Solar Ltd. (Nasdaq:TSL) and EZchip Semiconductor Ltd. (Nasdaq:EZCH).

Trina Solar Ltd. (Nasdaq:TSL), LDK Solar Co Ltd. (Nasdaq:LDK) and Citi Trends Inc. (Nasdaq:CTRN) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc. (Nasdaq:CSIQ), Texas Industries Inc. (Nasdaq:TXI), Scholastic Corp. (Nasdaq:SCHL), Gibraltar Industries Inc. (Nasdaq:ROCK), GT Solar International Inc. (Nasdaq:SOLR) and Woodward Governor Co. (Nasdaq:WGOV).

Northwest Pipe Co (Nasdaq:NWPX), United Security Bancshares (Nasdaq:USBI) and Harris Stratex Networks Inc (Nasdaq:HSTX) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Badger Meter Inc (Nasdaq:BMI), Trina Solar Ltd (Nasdaq:TSL), Lacrosse Footwear Inc (Nasdaq:BOOT), American River Bankshares (Nasdaq:AMRB), Ultralife Corp (Nasdaq:ULBI) and JMP Group Inc (Nasdaq:JMP).

Learning Tree International Inc. (Nasdaq:LTRE), SL Green Rlty  (Nasdaq:SLG) and Presidential Life Corp. (Nasdaq:PLFE) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Manitowoc Co Inc. (Nasdaq:MTW), Jarden Corp. (Nasdaq:JAH), Tortoise Energy Capital Corp. (Nasdaq:TYY), Blackstone Group LP (Nasdaq:BX), Orexigen Therapeutics Inc. (Nasdaq:OREX) and Trina Solar Ltd. (Nasdaq:TSL).

Atlas Air Worldwide Holdings Inc. (Nasdaq:AAWW), Callon Petroleum Co. (Nasdaq:CPE) and Trina Solar Ltd. (Nasdaq:TSL) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: USG Corp. (Nasdaq:USG), Digital River Inc. (Nasdaq:DRIV), Zale Corp. (Nasdaq:ZLC), Danaos Corp. (Nasdaq:DAC), Emeritus Corp. (Nasdaq:ESC) and True Religion Apparel Inc. (Nasdaq:TRLG).

Taleo Corp. (Nasdaq:TLEO), Macerich REIT (Nasdaq:MAC) and Digital River Inc. (Nasdaq:DRIV) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: True Religion Apparel Inc. (Nasdaq:TRLG), Trina Solar Ltd. (Nasdaq:TSL), Citizens Holdings Co. (Nasdaq:CIZN), QCR Holdings Inc. (Nasdaq:QCRH), Callon Petroleum Co. (Nasdaq:CPE) and iPCS Inc. (Nasdaq:IPCS).

Renesola ADR (Nasdaq:SOL), Protherics Depository Receipt (Nasdaq:PTIL) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Paragon Shipping Inc. (Nasdaq:PRGN), Nobility Homes (Nasdaq:NOBH), Trina Solar Ltd. (Nasdaq:TSL), Insulet Corp. (Nasdaq:PODD), Safe Bulkers Inc. (Nasdaq:SB) and Mesa Laboratories Inc. (Nasdaq:MLAB).

Here are the biggest percentage gainers among small caps:

Small caps have plunged over 6% this afternoon, as recession fears have gripped stocks. Already concerned about still frozen credit piping, a slew of lackluster economic data and a sobering speech by Fed Chairman Ben Bernanki only served to push the market lower. Small-cap gainers today include Trina Solar (NYSE:TSL), BankAtlantic (NYSE:BBX) and China Mass Media (NYSE:CMM). Other Market Watch highlights today included:

• Looking at the chart picture for small caps, the market appears to be consolidating after a breathtaking bounce off the lows.
• Sectors bucking the decline were few and far between, but soft drink makers, airlines and biotechs attracted some buyers.
• Other sectors on the decline included construction and farm machinery and consumer finance.
• Commodity themes slid early today, with metal and mining stocks, coal, oil and gas drillers, steel, oil exploration and aluminum all taking a hit.
• The NY Manufacturing Survey is down 24.6% to the lowest reading in some seven years, adding to the bleak tone from the retail sales figure. 

Small Cap Gainers:

• Trina Solar (NYSE:TSL) jumps 16% after raising third-quarter revenue guidance and reaffirmed full year guidance.
• BankAtlantic Bancorp, Inc. (NYSE:BBX) up 8.53% as regional banks are seeing a boost today.
• China Mass Media Intl Adv Corp. (NYSE:CMM) up nearly 7.25% on light volume.

Small Cap Losers:

• iStar Financial's (NYSE:SFI) shares tumble 30%. Last week Fitch gave a negative outlook on the small cap.
• Callaway Golf (Nasdaq:CDNS) slips 16% after Stephens Inc. analyst cut earnings estimates for companies in the sports and leisure sector.
• Jones Apparel (NYSE:JNY) shares tumble 25% to lowest level since 1995, after the retailer cut its forecast on soft consumer spending.

CBL & Associates REIT (Nasdaq:CBL), Starrett LS Co. (Nasdaq:SCX) and Morgans Hotel Group Co. (Nasdaq:MHGC) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Seanergy Maritime Units (Nasdaq:SRG.U), Hiland Holdings GP LP (Nasdaq:HPGP), Trina Solar Ltd (Nasdaq:TSL), Ameristar Casinos Inc. (Nasdaq:ASCA), Louisiana-Pacific Corp. (Nasdaq:LPX) and Audiovox Corp. (Nasdaq:VOXX).

Here are the new 52-week lows among small caps:

Ameristar Casinos Inc. (Nasdaq:ASCA), Seanergy Maritime Units (Nasdaq:SRG.U) and PeopleSupport Inc. (Nasdaq:PSPT) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Trina Solar Ltd. (Nasdaq:TSL), SL Industries Inc. (Nasdaq:SLI), SuccessFactors Inc. (Nasdaq:SFSF), UAL Corp (Nasdaq:UAUA), YRC Worldwide Inc. (Nasdaq:YRCW) and Dendreon Corp. (Nasdaq:DNDN).

Here are the biggest percentage losers among small caps:

Photovoltaic product maker Trina Solar Limited (NYSE:TSL) said ahead of today’s opening it had signed a sales contract with Enel.si S.r.l., Italy’s largest power company. Trina will provide Enel with 17 megawatts of PV modules beginning this year, including 15 megawatts delivered in 2009. The total cost of the two-year agreement was not disclosed.

In today’s trading, shares of China-based Trina Solar are mostly flat at $26.14, up $0.51 from Monday’s close. The company’s stock has ranged from $25.33 to $58.26 during the past year.

China’s solar energy industry is growing, but not everyone will profit. In fact, there will be many losers, most likely the late entrants and smaller players.

For sure, the country’s photovoltaic (PV) sector is booming, with the industry now the world’s third largest producer of solar-energy technology. Production capacity of the PV cells – the plates that absorb the sun’s rays and convert them to electricity – in 2005 rose almost 375%, to 250 MW, from 52.8 MW in 2004, while production capacity of modules—the panels comprised of the PV cells—grew 350%, to 400 MW, from 88.8 MW.

International demand for the clean-energy technology, fueled in large part by higher gasoline prices, has resulted in annual growth of around 15%. Some analysts predict that the sector could generate global revenues of up to $40 billion by 2010. China, with its low-cost manufacturing advantages, could seize up to one-forth of the bounty and become the world’s number one producer by the end of the decade. The country itself is projected to increase its install PV-electricity production capacity up to 0.3 GW in 2010 and 1.8 GW in 2020.

Such bright prospects have led to an investment frenzy on Chinese solar stocks. The leader of the pack is Suntech Power Holdings Co. Ltd. (NYSE: STP), the country’s largest PV manufacturer whose IPO listing on the New York Stock Exchange in December 2005 was the largest for the year for a technology company. Smaller cap companies include Trina Solar Limited (NYSE: TSL), Canadian Solar Inc. (Nasdaq: CSIQ) Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF), and China Sunergy Co. Ltd. (Nasdaq: CSUN). The newest to join the crowd is LDK Solar Co. Ltd. (NYSE: LDK), which had its IPO on June 1.