Shares of Trina Solar Limited (NYSE:TSL) have received a consensus rating of “Hold” from the seven analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.94.
Several research firms have weighed in on TSL. Axiom Securities reissued a “sell” rating on shares of Trina Solar Limited in a report on Friday, December 9th. Zacks Investment Research lowered Trina Solar Limited from a “hold” rating to a “sell” rating in a report on Thursday, January 5th.
Several hedge funds have recently modified their holdings of TSL. Arrowgrass Capital Partners US LP bought a new stake in shares of Trina Solar Limited during the third quarter valued at about $13,766,000. Russell Investments Group Ltd. bought a new stake in shares of Trina Solar Limited during the fourth quarter valued at about $10,055,000. Top Ace Asset Management Ltd increased its stake in shares of Trina Solar Limited by 158.6% in the third quarter. Top Ace Asset Management Ltd now owns 1,280,000 shares of the company’s stock valued at $13,107,000 after buying an additional 784,950 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Trina Solar Limited by 93.3% in the fourth quarter. Public Sector Pension Investment Board now owns 715,200 shares of the company’s stock valued at $6,651,000 after buying an additional 345,200 shares in the last quarter. Finally, Alpine Associates Management Inc. increased its stake in shares of Trina Solar Limited by 9.7% in the fourth quarter. Alpine Associates Management Inc. now owns 3,117,200 shares of the company’s stock valued at $28,990,000 after buying an additional 276,200 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.
Trina Solar Limited (NYSE:TSL) opened at 11.54 on Tuesday. Trina Solar Limited has a 52-week low of $6.91 and a 52-week high of $11.54. The firm has a 50-day moving average price of $10.39 and a 200 day moving average price of $10.16.
About Trina Solar Limited
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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