Trina Solar Limited (ADR) (TSL) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.34. The company posted revenue of $961.60 million in the period, compared to analysts expectations of $878.69 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Trina Solar Limited (ADR). Trina Solar Limited (ADR) was Downgraded by ROTH Capital to ” Neutral” on Jun 3, 2016. Shares were Downgraded by Deutsche Bank on May 27, 2016 to ” Hold” and Lowered the Price Target to $ 9 from a previous price target of $11 .
Trina Solar Limited (ADR) opened for trading at $10.54 and hit $10.59 on the upside on Friday, eventually ending the session at $10.58, with a gain of 0.38% or 0.04 points. The heightened volatility saw the trading volume jump to 10,92,286 shares. Company has a market cap of $980 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.