Trina Solar Limited (NYSE:TSL) saw unusually-strong trading volume on Thursday . Approximately 2,178,518 shares traded hands during trading, an increase of 16% from the previous session’s volume of 1,880,464 shares.The stock last traded at $8.69 and had previously closed at $8.65.

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

The company has a market cap of $738.39 million and a PE ratio of 8.26. The stock’s 50-day moving average is $7.75 and its 200-day moving average is $9.23.

Trina Solar Limited (NYSE:TSL) last released its earnings results 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. During the same period in the previous year, the firm posted $0.16 EPS. The company earned $816.90 million during the quarter, compared to analyst estimates of $786.08 million. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. Analysts forecast that Trina Solar Limited will post $1.22 EPS for the current year.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position 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 during the last quarter. First Trust Advisors LP raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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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