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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Oct. 1, 2:16 PM

Slide #2. Trina Solar Limited Secondary Offering

Company: Trina Solar Limited (NYSE:TSL)
Date announced: 9/29/2014
Shares Offered: 7,000,000
Secondary Offering Details: Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions and services, today announced the commencement of the offering of approximately 7,000,000 American Depositary Shares ("ADSs"), each representing 50 ordinary shares of the Company, par value of US$0.00001 per share (the "ADS Offering"), approximately 2,000,000 of which (the "primary ADSs") are being offered and sold by the Company and up to approximately 5,000,000 of which (the "borrowed ADSs") the Company will loan to affiliates of the underwriters of the Company's concurrent offering of convertible senior notes (the "ADS Borrowers"), as described below. Trina Solar has granted the underwriters in the ADS Offering a 30-day option to purchase up to an additional amount of approximately 1,050,000 primary ADSs to cover over-allotments.

Trina Solar and its subsidiaries are principally engaged in the design, manufacturing and selling ingots, wafers, cells and solar modules in the People's Republic of China and overseas. Co. produces standard monocrystalline PV modules ranging from 205 watts ("W") to 215 W in power output and multicrystalline PV modules ranging from 240 W to 310 W in power output, built to general specifications for use in residential, commercial, industrial and other solar power generation systems. Co.'s PV modules are sealed, weatherproof and able to withstand high levels of ultraviolet radiation and moisture.
Open the TSL Page at The Online Investor »

Company Name:  Trina Solar Ltd
Sector:  Semiconductors
Number of ETFs Holding TSL:  16
Total Market Value Held by ETFs:  $29.01M

Open the TSL Page at The Online Investor (in a new window) »

October 1, 2014    2:16 PM Eastern
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Buy (3.14 out of 4)
53rd percentile
(ranked higher than approx. 53% of all stocks covered)
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