Volume Spike Investor

Trina Solar Limited (NYSE: TSL) has just posted its quarterly earnings report.  You can read the full analysis and comparison at 247Wallst.com, but the forward margins and Wall Street’s demanding more and more out of solar players is the key this morning.

Shares are extremely active and are giving up gains of the prior day.  An average trading day is 1.5 million shares, yet we crossed 200,000 shares pre-market at 8:20 AM EST with 1 hour and 10 minutes to the open.  The pressure on the stock is downward.  After the report, shares were down almost $2.00 then down almost $3.00. Now shares are trading between $46.00 and $46.25 at 8:20 AM EST.

Trina Solar closed at $49.63 yesterday ahead of earnings and that move was more than a $4.00 gain from the prior day.  Its 52-week trading range is $25.88 to $73.06.  As a reminder, early pre-market trading is often very different than trading during normal trading hours.

As traders love solar stock volatility, this may be one of the more active volume stocks compared to normal trading volume today.

Jon Ogg
June 6, 2008