Trading Report: Today, Trina Solar Ltd. (TSL) Issues Earnings Results

Today, Trina Solar Ltd. (TSL) Issues  Earnings Results

Trina Solar Ltd. (NYSE:TSL) posted its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.16. Trina Solar had a return on equity of 11.34% and a net margin of 2.51%. The company had revenue of $741.10 million for the quarter. During the same quarter in the prior year, the firm earned ($0.24) EPS. Trina Solar’s revenue for the quarter was down 6.5% compared to the same quarter last year.

Shares of Trina Solar (NYSE:TSL) traded down 2.91% during midday trading on Friday, reaching $10.02. The company’s stock had a trading volume of 2,388,567 shares. The firm’s 50 day moving average is $10.36 and its 200 day moving average is $9.42. Trina Solar has a 52 week low of $6.91 and a 52 week high of $11.35. The firm has a market capitalization of $851.02 million, a price-to-earnings ratio of 11.62 and a beta of 1.23.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in Trina Solar by 9.8% in the third quarter. Northern Trust Corp now owns 14,310 shares of the company’s stock valued at $147,000 after buying an additional 1,279 shares during the period. Bank of Montreal Can acquired a new stake in Trina Solar during the second quarter valued at about $166,000. Tairen Capital Ltd acquired a new stake in Trina Solar during the second quarter valued at about $194,000. Jane Street Group LLC boosted its stake in Trina Solar by 7,398.5% in the third quarter. Jane Street Group LLC now owns 28,756 shares of the company’s stock valued at $294,000 after buying an additional 29,150 shares during the period. Finally, Leucadia National Corp acquired a new stake in Trina Solar during the second quarter valued at about $425,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

A number of equities research analysts have commented on the company. Credit Suisse Group AG restated a “hold” rating and issued a $11.60 target price on shares of Trina Solar in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Trina Solar from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Morgan Stanley set a $11.60 price objective on Trina Solar and gave the company a “hold” rating in a report on Wednesday, August 3rd. Roth Capital reiterated a “neutral” rating and issued a $10.00 price objective (up previously from $8.00) on shares of Trina Solar in a report on Tuesday, August 2nd. Finally, Axiom Securities downgraded Trina Solar from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.78.

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