Trina Solar Limited (NYSE:TSL) was up 5.1% on Monday . The company traded as high as $8.72 and last traded at $8.67, with a volume of 1,620,068 shares. The stock had previously closed at $8.25.

A number of equities research analysts have weighed in on TSL shares. Credit Suisse Group AG restated a “neutral” rating and issued a $14.00 target price (down from $15.00) on shares of Trina Solar Limited in a research report on Monday, March 21st. Axiom Securities restated a “sell” rating on shares of Trina Solar Limited in a research report on Friday, April 1st. Deutsche Bank AG downgraded Trina Solar Limited from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.00 to $9.00 in a research report on Thursday, May 26th. Finally, Roth Capital downgraded Trina Solar Limited from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $8.00 in a research report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.41.

The stock’s 50 day moving average is $7.75 and its 200 day moving average is $9.24. The stock has a market cap of $736.69 million and a P/E ratio of 8.24.

Trina Solar Limited (NYSE:TSL) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. The business earned $816.90 million during the quarter, compared to the consensus estimate of $786.08 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. On average, analysts anticipate that Trina Solar Limited will post $1.22 earnings per share for the current year.

Other hedge funds have bought and sold shares of the company. Marshall Wace LLP increased its stake in Trina Solar Limited by 44.7% in the fourth quarter. Marshall Wace LLP now owns 128,072 shares of the company’s stock worth $1,412,000 after buying an additional 39,554 shares in the last quarter. First Trust Advisors LP increased its stake in Trina Solar Limited by 2.2% in the fourth quarter. First Trust Advisors LP now owns 231,224 shares of the company’s stock worth $2,548,000 after buying an additional 5,035 shares in the last quarter. Guinness Asset Management Ltd increased its stake in Trina Solar Limited by 10.1% in the fourth quarter. Guinness Asset Management Ltd now owns 473,814 shares of the company’s stock worth $5,221,000 after buying an additional 43,274 shares in the last quarter. GSA Capital Partners LLP increased its stake in Trina Solar Limited by 304.3% in the fourth quarter. GSA Capital Partners LLP now owns 652,153 shares of the company’s stock worth $7,187,000 after buying an additional 490,861 shares in the last quarter. Finally, Morgan Stanley increased its stake in Trina Solar Limited by 148.3% in the fourth quarter. Morgan Stanley now owns 1,148,345 shares of the company’s stock worth $12,656,000 after buying an additional 685,913 shares in the last quarter.

Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.

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