Trina Solar Limited Sponsored A (NYSE:TSL):
Trina Solar Announces New World Record of 19.86% Aperture Efficiency for “Honey Plus” Multicrystalline Silicon Solar Module.
The company is so far trading down since yesterday’s close of $10.335.
Company shares last traded at $10.33 which is just a bit below the 50 day moving average which is $10.37 and which is marginally higher than the 200 day moving average of $9.33. The 50 day moving average moved down $-0.04 and the 200 day average moved up $1.00.
The company’s P/E ratio is 11.98 and market capitalization is 877.35M. In the latest earnings report the EPS was $0.86 and is expected to be $1.01 for the current year with 84,932,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.07 with next year’s EPS projected to be $0.33.
Brokerages have provided guidance on TSL recently. On October 6 the company was upgraded from “” to “Buy” and a price target of $15.00 was set in a report from Axiom Capial. On July 15 the stock rating was downgraded to “Market Perform” from “” by analysts at Cowen & Company.
On June 3 the company was downgraded from “” to “Hold” with a current price target of $9.00 in a statement from Roth Capital. On May 27 the company was downgraded from “Buy” to “Hold” in a report issued by Deutsche Bank.
On January 25, 2016 the stock rating was rated “Equal-weight” by Morgan Stanley which is down from the previous “Overweight” rating. Morgan Stanley upgraded the stock and lowered the price target on November 10 changing the price objective from $12.60 to $11.70 and raising the rating from “Equal-weight” to “Overweight”.