5 Solar Stocks That Are Burning Out

Prepare to sell or even short these five companies as bearish momentum builds

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5 Solar Stocks That Are Burning Out

Trina Solar (TSL)

112813TSL 300x247 5 Solar Stocks That Are Burning Out
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Trina Solar (TSL) is an integrated solar-power productions manufacturer out of China that provides both mono- and multicrystalline ingots, wagers, cells and related items.

Although TSL reported better-than-expected Q3 results on Nov. 19 — with earnings of 14 cents per share vs. the 18 cent-per-share loss that was anticipated — the stock is falling out of a multimonth consolidation pattern.

A return to the July-August support range would be worth a 46%-plus drop from here. I’ve recommended shorting TSL to my clients, and have added the position to my Edge Letter Sample Portfolio.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/5-solar-stocks-burning/.

©2014 InvestorPlace Media, LLC

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