Goldman Sachs Initiates Coverage on Trina Solar Limited (TSL)
Shares of Trina Solar Limited (NYSE:TSL) opened at 11.53 on Monday. Trina Solar Limited has a one year low of $6.75 and a one year high of $18.77. The stock has a 50-day moving average of $11.74 and a 200-day moving average of $13.08. The company has a market cap of $923.7 million and a P/E ratio of 45.04.
Trina Solar Limited (NYSE:TSL) last released its earnings data on Wednesday, May 21st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.34. The company had revenue of $444.80 million for the quarter, compared to the consensus estimate of $452.55 million. During the same quarter last year, the company posted ($0.90) earnings per share. Trina Solar Limited’s revenue was up 70.9% compared to the same quarter last year. Analysts expect that Trina Solar Limited will post $1.13 EPS for the current fiscal year.
A number of other firms have also recently commented on TSL. Analysts at Credit Suisse initiated coverage on shares of Trina Solar Limited in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Trina Solar Limited in a research note on Wednesday, June 4th. They now have a $15.00 price target on the stock, down previously from $17.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Trina Solar Limited in a research note on Thursday, May 22nd. They now have a $23.90 price target on the stock, up previously from $23.70. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.57.
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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