Trina Solar Limited Target of Unusually Large Options Trading (TSL)
Shares of Trina Solar Limited (NYSE:TSL) were the recipient of unusually large options trading on Monday. Stock investors acquired 3,283 put options on the stock, ARN reports. This is an increase of 257% compared to the typical volume of 919 put options.
TSL has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Trina Solar Limited in a research note on Monday, August 11th. They set a “neutral” rating and a $12.30 price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Trina Solar Limited has an average rating of “Buy” and a consensus price target of $16.81.
Trina Solar Limited (NYSE:TSL) traded up 3.58% on Monday, hitting $12.45. 4,452,106 shares of the company’s stock traded hands. Trina Solar Limited has a 52-week low of $6.75 and a 52-week high of $18.77. The stock’s 50-day moving average is $11.61 and its 200-day moving average is $12.96. The company has a market cap of $997.4 million and a P/E ratio of 46.95.
Trina Solar Limited (NYSE:TSL) last issued its quarterly 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 $1.11 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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