Collaborations, Appointments, Financial Results, and New Contracts - Research Report on Trina Solar, First Solar, Skyworks, Semtech, and Fairchild Semiconductor
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NEW YORK, August 26, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Trina Solar Limited (ADR) (NYSE: TSL), First Solar, Inc. (NASDAQ: FSLR), Skyworks Solutions Inc. (NASDAQ: SWKS), Semtech Corporation (NASDAQ: SMTC), and Fairchild Semiconductor International Inc. (NYSE: FCS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Trina Solar Limited (ADR) Research Report
On August 20, 2013, Trina Solar Limited (ADR) (Trina Solar) reported its Q2 2013 financial results with net revenues increasing 69.4% QoQ and 27.4% YoY to $440.7 million. Solar module shipments grew 64.6% QoQ to approximately 647 MW during the quarter. Net loss attributable to Trina Solar was $33.7 million, or $0.47 per diluted share, in Q2 2013, compared to net loss attributable to Trina Solar of $92.1 million, or $1.30 per diluted share, in Q2 2012. Commenting on the results, Trina Solar CEO Jifan Gao, said, "As a result of our on-going efforts to improve operational efficiency and control manufacturing costs, we achieved continuing reductions in non-silicon costs, which contributed to quarter-on-quarter margin improvement." For Q3 2013, the Company expects to ship between 650 MW and 680 MW of PV modules. The Full Research Report on Trina Solar Limited (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/359f_TSL]
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First Solar, Inc. Research Report
On August 20, 2013, First Solar, Inc. (First Solar) announced that the Company has signed a power purchase agreement (PPA) with the City of Roseville, California, for 32MW AC of solar electricity which will be generated at Lost Hills photovoltaic power plant. First Solar expects the Lost Hills project construction to start as early as 2014 in Kern County, California. The Company said that the 10-year PPA - First Solar's first agreement of its kind with a municipal utility - was approved by the Roseville City Council on July 17, 2013. According to the Company, the agreement will be effective from 2015. First Solar stated that Roseville Electric has purchased 325,000 MWH of renewable energy for $24 million for 10 years. According to First Solar, this contract will reduce the cost by $6.5 million from the amount spent last year on renewable energy purchase. The Full Research Report on First Solar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fe98_FSLR]
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Skyworks Solutions Inc. Research Report
On August 14, 2013, Skyworks Solutions, Inc. (Skyworks) announced that MediaTek is using the Company's various front-end solutions in its innovative, dual-core MT6572 platform which supports multiple leading tier-one smartphone manufacturers in emerging markets. According to Skyworks, the MT6572 is the world's first dual-core, system-on-a-chip platform with high-speed-packet-access, integrated Wi-Fi, FM, GPS, and Bluetooth functionality in a four-layer printed circuit board. The Company further added that this system-level design reduces bill-of-material costs, simplifies the product development cycle and improves time to market - key drivers in the fast moving mobile market. Bradley C. Byk, Senior Vice President of Worldwide Sales at Skyworks, said, "As the transition to smartphones in the emerging markets continues to accelerate, Skyworks is pleased to be working with MediaTek, a leader in system-on-chip cellular platforms. As the solutions provider of choice, Skyworks looks forward to capitalizing on the exploding smartphone growth in emerging markets."The Full Research Report on Skyworks Solutions Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b358_SWKS]
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Semtech Corporation Research Report
On August 21, 2013, Semtech Corporation (Semtech) reported its Q2 FY 2014 financial results (period ended July 28, 2013) with net sales increasing 9.5% YoY to $165 million. Net income stood at $19.1 million, or $0.28 per diluted share, in Q2 FY 2014, compared to net income of $10 million, or $0.15 per diluted share, in Q2 FY 2013. Commenting on the results, Mohan Maheswaran, Semtech's President and CEO, said, "Semtech delivered solid second quarter results with record revenue and gross margin. We also expanded operating margin, grew net income and continued to see strong design win activity. We expect our Q3 results to be negatively impacted by both a reduction in demand and inventory corrections at several of our largest smartphone customers. We anticipate that this weakness will continue through most of the second half. However, we remain confident in our ability to manage through any short term demand fluctuations as we head towards our $1 billion revenue goal." For Q3 FY 2014, Semtech expects nets sales to be in the range of $135 million to $145 million and diluted EPS within $0.13 to $0.21. The Full Research Report on Semtech Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2c11_SMTC]
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Fairchild Semiconductor International Inc. Research Report
On August 21, 2013, Fairchild Semiconductor International Inc. (Fairchild Semiconductor) announced the appointment of Catherine P. Lego to the Company's Board of Directors. According to the Company, Lego formed Lego Ventures, LLC in 1992, and also served as the General Partner of the Photonics Fund, an early-stage venture fund focused on investing in components and systems companies for the fiber optics telecommunications market. Further, Lego is a member of the boards of directors and chairs the audit committees of Sandisk Corporation and Lam Research Corporation. The Full Research Report on Fairchild Semiconductor International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6f10_FCS]
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