Trina Solar Limited (NYSE:TSL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.33 by 6 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Roth Capital, downgrades their rating on the shares of Trina Solar Limited (NYSE:TSL). Roth Capital has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $8 per share from a prior target of $12. The rating by the firm was issued on June 3, 2016.
Trina Solar Limited (NYSE:TSL) should head towards $10.86 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $8 per share. The higher price estimate target is at $15 according to the Analysts.
Trina Solar Limited (NYSE:TSL) rose 1.48% or 0.11 points on Tuesday and made its way into the gainers of the day. After trading began at $7.5 the stock was seen hitting $7.58 as a peak level and $7.43 as the lowest level. The stock ended up at $7.53. The daily volume was measured at 1,304,099 shares. The 52-week high of the share price is $12.99 and the 52-week low is $7.03. The company has a market cap of $697 million.
Shares of Trina Solar Limited appreciated by 6.21% during the last five trading days but lost 9.39% on a 4-week basis. Trina Solar Limited has dropped 28.83% during the last 3-month period . Year-to-Date the stock performance stands at -31.67%.
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.