Trina Solar Limited (ADR) (TSL) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 9 from a previous price target of $11 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on May 27, 2016.
On the company’s financial health, Trina Solar Limited (ADR) reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.24. The company had revenue of $816.90 million for the quarter, compared to analysts expectations of $803.97 million. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Trina Solar Limited (ADR) opened for trading at $8.78 and hit $8.9 on the upside on Wednesday, eventually ending the session at $8.85, with a gain of 1.14% or 0.1 points. The heightened volatility saw the trading volume jump to 13,23,420 shares. Company has a market cap of $819 M.
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops designs constructs operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Company’s manufacturing segment designs develops manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots wafers and solar cells for use in its PV module production. The Company’s solar power projects segment designs and constructs in order to operate or sell solar power projects in China the United Kingdom Japan the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.