Analyst Rating Update on Trina Solar Limited (TSL)

Trina Solar Limited (NYSE:TSL) : The consensus on Trina Solar Limited (NYSE:TSL) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Trina Solar Limited (NYSE:TSL) : Currently there are 5 street experts covering Trina Solar Limited (NYSE:TSL) stock. The most bullish and bearish price target for the stock is $15 and $8 respectively for the short term. The average price target of all the analysts comes to $10.86. The estimated standard deviation from the target is $2.76.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Roth Capital downgrades its ratings on Trina Solar Limited (NYSE:TSL). In the latest research report, Roth Capital lowers the target price from $12 per share to $8 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 3, 2016.

Trina Solar Limited (NYSE:TSL): stock turned positive on Tuesday. Though the stock opened at $7.1, the bulls momentum made the stock top out at $7.29 level for the day. The stock recorded a low of $7.1 and closed the trading day at $7.22, in the green by 3.74%. The total traded volume for the day was 1,408,643. The stock had closed at $6.96 in the previous days trading.

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 *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.