Share on StockTwits

Shares of Trina Solar Limited (NYSE:TSL) were the target of some unusual options trading activity on Thursday. Investors purchased 14,212 call options on the stock, AnalystRatingsNetwork reports. This represents an increase of 224% compared to the typical volume of 4,383 call options.

TSL has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trina Solar Limited in a research note on Tuesday, August 26th. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.64.

Trina Solar Limited (NYSE:TSL) traded up 0.58% during mid-day trading on Thursday, hitting $13.93. The stock had a trading volume of 8,565,261 shares. Trina Solar Limited has a one year low of $10.15 and a one year high of $18.77. The stock’s 50-day moving average is $11.9 and its 200-day moving average is $12.79. The company has a market cap of $1.022 billion and a P/E ratio of 15.88.

Trina Solar Limited (NYSE:TSL) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $519.40 million for the quarter. During the same quarter in the prior year, the company posted ($0.47) earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Trina Solar Limited will post $0.95 earnings per share 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.

Receive News & Ratings for Trina Solar Limited (ADR) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trina Solar Limited (ADR) and related companies with Analyst Ratings Network's FREE daily email newsletter.