Trina Solar Stock Rating Reaffirmed by Nomura (TSL)
Trina Solar (NYSE:TSL)‘s stock had its “buy” rating restated by Nomura in a research note issued on Friday, ARN reports.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Trina Solar from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.24.
Shares of Trina Solar (NYSE:TSL) traded up 2.47% on Friday, hitting $16.19. The stock had a trading volume of 3,386,997 shares. 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 $13.89 and its 200-day moving average is $11.86. The company’s market cap is $1.150 billion.
Trina Solar (NYSE:TSL) last released its earnings data on Tuesday, November 19th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted ($0.81) earnings per share. Trina Solar’s revenue was up 84.0% compared to the same quarter last year. 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.
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