Trina Solar Rating Increased to Outperform at Zacks (TSL)
Trina Solar (NYSE:TSL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a $17.30 price objective on the stock. Zacks‘ price target would suggest a potential upside of 7.72% from the company’s current price.
A number of other analysts have also recently weighed in on TSL. Analysts at Deutsche Bank upgraded shares of Trina Solar (NYSE:TSL) from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a $18.00 price target on the stock, up previously from $11.50. Separately, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Trina Solar has a consensus rating of “Hold” and an average price target of $8.89.
Shares of Trina Solar (NYSE:TSL) traded down 0.59% on Thursday, hitting $15.965. The stock had a trading volume of 4,284,955 shares. Trina Solar has a 52-week low of $2.04 and a 52-week high of $16.21. The stock has a 50-day moving average of $10.8 and a 200-day moving average of $6.94. The company’s market cap is $1.131 billion.
Trina Solar (NYSE:TSL) last announced its earnings results on Tuesday, August 20th. The company reported ($0.47) EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted ($1.30) earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts predict that Trina Solar will post $-1.60 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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