Analyst Price Target Update on Trina Solar Limited (NYSE:TSL)

Trina Solar Limited (NYSE:TSL) stock has received a short term price target of $ 11.66 from 5 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.33. The higher estimate of target price is $15 , while the lower price target estimate is $8

Many analysts have stated their opinion on the company shares. Equity Analysts at the Roth Capital downgrades the rating on Trina Solar Limited (NYSE:TSL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $12 per share to $8 per share. The rating by the firm was issued on June 3, 2016. Company shares have received an average consensus rating of Hold for the current week

Trina Solar Limited (NYSE:TSL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.11 points or 1.53% at $7.09 with 1,029,640 shares getting traded. Post opening the session at $7.1, the shares hit an intraday low of $7.03 and an intraday high of $7.29 and the price was in this range throughout the day. The company has a market cap of $656 million and the number of outstanding shares have been calculated to be 92,582,580 shares. The 52-week high of Trina Solar Limited (NYSE:TSL) is $13.25 and the 52-week low is $7.03.

Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Companys manufacturing segment designs, develops, manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots, wafers and solar cells for use in its PV module production. The Companys solar power projects segment designs and constructs, in order to operate or sell, solar power projects in China, the United Kingdom, Japan, the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *