Auriga Gives Buy Rating to Trina Solar (TSL)
A number of other firms have also recently commented on TSL. Analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Trina Solar to $6.00 in a research note to investors on Thursday. Separately, analysts at Maxim Group upgraded shares of Trina Solar from a “sell” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at Mirae Asset cut their price target on shares of Trina Solar from $10.40 to $7.70 in a research note to investors on Thursday.
Trina Solar opened at 5.87 on Thursday. Trina Solar has a 52-week low of $5.01 and a 52-week high of $28.84. The company’s market cap is $477.6 million.
Trina Solar last posted its quarterly earnings results on Wednesday, May 23rd. The company reported ($0.42) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.30) by $0.12. Trina Solar’s revenue was down 36.5% compared to the same quarter last year. Analysts expect that Trina Solar will post $-0.09 EPS next quarter.
Trina Solar Limited (Trina Solar) is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.