Trina Solar Reaches New 12-Month High at $13.00 (TSL)
Trina Solar (NYSE:TSL)’s share price reached a new 52-week high during mid-day trading on Wednesday, American Banking News reports. The stock traded as high as $13.00 and last traded at $12.62, with a volume of 5,937,182 shares traded. The stock had previously closed at $11.73.
TSL has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated a “hold” rating on shares of Trina Solar (NYSE:TSL) in a research note to investors on Wednesday, September 4th. They now have a $7.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Trina Solar (NYSE:TSL) from $8.50 to $11.50 in a research note to investors on Wednesday, September 4th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James upgraded shares of Trina Solar (NYSE:TSL) from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 23rd.
One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.26.
Trina Solar has a 1-year low of $2.04 and a 1-year high of $12.18. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $6.50. The company’s market cap is $900.1 million.
Trina Solar (NYSE:TSL) last released its earnings data on Tuesday, August 20th. The company reported ($0.47) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.57) by $0.10. The company had revenue of $440.70 million for the quarter, compared to the consensus estimate of $374.89 million. During the same quarter last year, the company posted ($1.30) earnings per share. Trina Solar’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Trina Solar will post $-1.63 earnings per share for the current fiscal year.
Trina Solar Limited (NYSE:TSL) is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.
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