Trina Solar Limited (NYSE:TSL) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, ARN reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.39.

An institutional investor recently bought a new position in Trina Solar Limited stock. Acadian Asset Management acquired a new stake in Trina Solar Limited (NYSE:TSL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,753 shares of the company’s stock, valued at approximately $1,088,000.

Several equities analysts have recently weighed in on the stock. Roth Capital dropped their price objective on shares of Trina Solar Limited to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, November 24th. Zacks Investment Research upgraded shares of Trina Solar Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, November 24th. Credit Suisse lowered their price target on shares of Trina Solar Limited from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, December 22nd. Goldman Sachs downgraded shares of Trina Solar Limited from a “buy” rating to a “neutral” rating in a research report on Friday, January 15th. Finally, Cowen and Company reduced their price objective on Trina Solar Limited from $19.50 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, November 24th.

Trina Solar Limited (NYSE:TSL) opened at 9.18 on Wednesday. The firm has a 50-day moving average price of $10.24 and a 200-day moving average price of $9.80. The firm has a market cap of $777.20 million and a price-to-earnings ratio of 17.06. Trina Solar Limited has a 1-year low of $7.15 and a 1-year high of $13.33.

Trina Solar Limited (NYSE:TSL) last posted its earnings results on Monday, November 23rd. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.07. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The company earned $792.60 million during the quarter, compared to analyst estimates of $762.60 million. The company’s revenue was up 28.5% compared to the same quarter last year. On average, analysts expect that Trina Solar Limited will post $0.73 earnings per share for the current fiscal year.

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 (NYSE:TSL) 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.

12 Month Chart for NYSE:TSL

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