Credit Suisse Maintains Trina Solar Limited (ADR) to Neutral

Brokerage firm Credit Suisse Maintains its rating on Trina Solar Limited (ADR)(NYSE:TSL). The shares have been rated Neutral. The rating by Credit Suisse was issued on Aug 18, 2016.

In a different note, On Jul 15, 2016, Cowen & Company said it Downgrades its rating on Trina Solar Limited (ADR). The shares have been rated ‘Market Perform’ by the firm. On Jun 3, 2016, Roth Capital said it Downgrades its rating on Trina Solar Limited (ADR). In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, Deutsche Bank said it Downgrades its rating on Trina Solar Limited (ADR). In the research note, the firm Lowers the price-target to $11.00 per share. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, Credit Suisse said it Maintains its rating on Trina Solar Limited (ADR). In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Neutral’ by the firm.

Trina Solar Limited (ADR) (TSL) made into the market gainers list on Mondays trading session with the shares advancing 0.66% or 0.07 points. Due to strong positive momentum, the stock ended at $10.61, which is also near the day’s high of $10.63. The stock began the session at $10.54 and the volume stood at 12,51,193 shares. The 52-week high of the shares is $11.35 and the 52 week low is $6.91. The company has a current market capitalization of $982 M and it has 9,25,82,580 shares in outstanding.

Trina Solar Limited (ADR)(TSL) last announced its earnings results on May 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $816.90M. Analysts had an estimated revenue of $786.08M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.23.

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 Company’s 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 Company’s 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.

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