Trina Solar Limited (TSL) Announces Quarterly Earnings Results, Meets Expectations
Trina Solar Limited (NYSE:TSL) issued its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14, AmericanBankingNews.com reports. The company had revenue of $519.40 million for the quarter, compared to the consensus estimate of $562.40 million.
Trina Solar Limited (NYSE:TSL) opened at 13.37 on Tuesday. Trina Solar Limited has a 52-week low of $8.62 and a 52-week high of $18.77. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $12.88. The company has a market cap of $1.071 billion and a P/E ratio of 51.99.
A number of analysts have recently weighed in on TSL shares. 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. On a related note, 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. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Trina Solar Limited currently has an average rating of “Buy” and a consensus price target of $18.03.
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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