Trina Solar (NYSE: TSL) was downgraded by equities researchers at Raymond James to an “underperform” rating in a report issued on Wednesday.
Shares of Trina Solar opened at 3.92 on Wednesday. Trina Solar has a 52 week low of $2.04 and a 52 week high of $8.68. The stock’s 50-day moving average is currently $4.9. The company’s market cap is $277.4 million.
Trina Solar last posted its quarterly earnings results on Tuesday, February 26th. The company reported ($1.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.82) by $0.41. The company had revenue of $302.70 million for the quarter, compared to the consensus estimate of $269.04 million. During the same quarter last year, the company posted ($0.93) earnings per share. Trina Solar’s revenue was down 30.5% compared to the same quarter last year. Analysts expect that Trina Solar will post $-2.01 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Trina Solar from $3.00 to $4.00 in a research note to investors on Wednesday, February 27th. Separately, analysts at Credit Suisse raised their price target on shares of Trina Solar from $2.00 to $4.00 in a research note to investors on Wednesday, February 27th. They now have a “neutral” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Trina Solar from $2.20 to $4.50 in a research note to investors on Wednesday, February 27th. They now have a “neutral” rating on the stock.
Trina Solar Limited (Trina Solar) 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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