Trina Solar Upgraded by TheStreet to Hold (TSL)
Trina Solar (NYSE:TSL) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Wednesday, Analyst Ratings.Net reports.
The analysts wrote, “Trina Solar (TSL) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.”
A number of other firms have also recently commented on TSL. Analysts at Jefferies Group initiated coverage on shares of Trina Solar in a research note to investors on Monday. They set a “buy” rating and a $23.10 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Trina Solar from $7.00 to $15.00 in a research note to investors on Wednesday, November 20th. They now have a “sector perform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Trina Solar from $10.00 to $21.00 in a research note to investors on Wednesday, November 20th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $14.24.
Shares of Trina Solar (NYSE:TSL) traded up 1.76% on Wednesday, hitting $16.80. 1,516,411 shares of the company’s stock traded hands. Trina Solar has a 52-week low of $3.31 and a 52-week high of $17.84. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $11.80. The company’s market cap is $1.193 billion.
Trina Solar (NYSE:TSL) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.28. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $472.92 million. During the same quarter in the previous year, the company posted ($0.81) earnings per share. The company’s revenue for the quarter was up 84.0% on a year-over-year basis. Analysts expect that Trina Solar will post $-1.18 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.