Jefferies Group Reaffirms Hold Rating on Trina Solar (TSL)

By admin | 6 years ago

Trina Solar (NYSE: TSL)‘s stock had its “hold” rating reaffirmed by Jefferies Group (NYSE: JEF) in a research note issued on Thursday.

A number of other firms have also recently commented on TSL. Analysts at Auriga reiterated a “buy” rating on shares of Trina Solar 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) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.30) by $0.12. The company’s quarterly revenue was down 36.5% on a year-over-year basis. 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.

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