Short Term Price Target on Trina Solar Limited (TSL)

Trina Solar Limited (NYSE:TSL) : The consensus price target for Trina Solar Limited (NYSE:TSL) is $10.86 for the short term with a standard deviation of $2.76. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $8.

Shares of Trina Solar Limited appreciated by 1.71% during the last five trading days but lost 4.44% on a 4-week basis. Trina Solar Limited has dropped 21.98% during the last 3-month period . Year-to-Date the stock performance stands at -29.76%. Also, Major Brokerage house, Roth Capital downgrades its ratings on Trina Solar Limited (NYSE:TSL). In the latest research report, Roth Capital lowers the target price from $12 per share to $8 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 3, 2016.

Trina Solar Limited (NYSE:TSL) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Trina Solar Limited (NYSE:TSL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.48 and $7.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.74, notching a gain of 2.79% for the day. The total traded volume was 2,874,816 . The stock had closed at $7.53 on the previous day.

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 Companys 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 Companys 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.

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