Shares of Trina Solar Ltd. (NYSE:TSL) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.39.
A number of research firms have recently commented on TSL. Zacks Investment Research raised shares of Trina Solar from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $11.60 price objective on shares of Trina Solar in a research note on Wednesday, August 24th. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Trina Solar in a research note on Thursday, August 25th. Morgan Stanley set a $11.60 target price on shares of Trina Solar and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Axiom Securities raised shares of Trina Solar from a “sell” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday.
A number of hedge funds have recently modified their holdings of TSL. Pacad Investment Ltd. purchased a new stake in shares of Trina Solar during the first quarter valued at about $156,000. Bank of Montreal Can purchased a new stake in shares of Trina Solar during the second quarter valued at about $166,000. Tairen Capital Ltd purchased a new stake in shares of Trina Solar during the second quarter valued at about $194,000. Scotia Capital Inc. increased its stake in shares of Trina Solar by 23.2% in the first quarter. Scotia Capital Inc. now owns 26,540 shares of the company’s stock valued at $264,000 after buying an additional 5,000 shares during the period. Finally, Leucadia National Corp purchased a new stake in shares of Trina Solar during the second quarter valued at about $425,000. 61.68% of the stock is owned by institutional investors.
Shares of Trina Solar (NYSE:TSL) opened at 10.34 on Thursday. Trina Solar has a 12 month low of $6.91 and a 12 month high of $11.35. The stock has a market cap of $878.20 million, a P/E ratio of 12.00 and a beta of 1.55. The stock’s 50 day moving average is $10.42 and its 200 day moving average is $9.28.
Trina Solar (NYSE:TSL) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. Trina Solar had a net margin of 2.51% and a return on equity of 11.34%. The company earned $961.60 million during the quarter, compared to the consensus estimate of $866.56 million. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. Analysts predict that Trina Solar will post $0.39 earnings per share for the current fiscal year.
About Trina Solar
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.
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