Monday, May 7, 2012

Trina Solar Signs Supply Deal With Edison Unit; Stock Spikes

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Trina Solar (TSL) shares are trading higher after the company announceda supply agreement with the Southern California Edison unit of Edison International (EIX).

Terms of the deal call for Trina to supply the company with 45 MW of solar modules between Q2 2010 and Q1 2011; the modules will be used in the company’s large solar photovoltaic installation program. The program is intended to cover up to 65 million square of commercial rooftops with solar systems.

TSL is up $1.19, or 7.3%, to $17.59.

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