Trina Solar Ltd. (NYSE:TSL) posted its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, beating the 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 firm had revenue of $741.10 million for the quarter. During the same quarter in the prior year, the business earned ($0.24) earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year.
Trina Solar (NYSE:TSL) traded down 2.91% during midday trading on Friday, hitting $10.02. The stock had a trading volume of 2,382,147 shares. The company has a market cap of $851.02 million, a P/E ratio of 11.62 and a beta of 1.23. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $9.42. Trina Solar has a one year low of $6.91 and a one year high of $11.35.
A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased 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 worth $147,000 after buying an additional 1,279 shares during the last quarter. Bank of Montreal Can bought a new stake in Trina Solar during the second quarter worth $166,000. Tairen Capital Ltd bought a new stake in Trina Solar during the second quarter worth $194,000. Jane Street Group LLC increased 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 worth $294,000 after buying an additional 29,150 shares during the last quarter. Finally, Sensato Investors LLC bought a new stake in Trina Solar during the first quarter worth $448,000. 61.60% of the stock is currently owned by institutional investors.
TSL has been the topic of several analyst reports. Zacks Investment Research cut Trina Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Credit Suisse Group AG set a $11.60 price target on Trina Solar and gave the company a “hold” rating in a research note on Thursday, August 18th. Axiom Securities raised Trina Solar from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, October 6th. Morgan Stanley set a $11.60 price target on Trina Solar and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, Roth Capital reaffirmed a “neutral” rating and set a $10.00 price target (up from $8.00) on shares of Trina Solar in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.78.
About Trina Solar