Trina Solar Limited (TSL) has risen sharply, recording gains of 5.5% in the past 4 weeks. However, the stock has corrected -2.14% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.21% and the 50-Day Moving Average is 3.39%. Trina Solar Limited has dropped 15.38% during the last 3-month period . Year-to-Date the stock performance stands at -25.14%.
Trina Solar Limited (NYSE:TSL): On Fridays trading session , Opening price of the stock was $8.27 with an intraday high of $8.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.06. However, the stock managed to close at $8.25, a loss of 0.60% for the day. On the previous day, the stock had closed at $8.3. The total traded volume of the day was 2,485,525 shares.
Also, Equity Analysts at the Brokerage Firm, Cowen & Company, downgrades their rating on the shares of Trina Solar Limited (NYSE:TSL). Cowen & Company has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 15, 2016.
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.