Trina Solar Limited (NYSE:TSL) was down 4% on Friday . The stock traded as low as $8.19 and last traded at $8.36, with a volume of 1,852,825 shares changing hands. The stock had previously closed at $8.71.

Several equities research analysts recently weighed in on TSL shares. Credit Suisse Group AG cut their price objective on Trina Solar Limited from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. Axiom Securities reaffirmed a “sell” rating on shares of Trina Solar Limited in a research report on Saturday, April 23rd. Cowen and Company lowered Trina Solar Limited from an “outperform” rating to a “market perform” rating in a research report on Friday. Roth Capital lowered Trina Solar Limited from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $8.00 in a research report on Friday, June 3rd. Finally, Deutsche Bank AG lowered Trina Solar Limited from a “buy” rating to a “hold” rating and lowered their target price for the stock from $11.00 to $9.00 in a research report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.41.

The stock has a market capitalization of $704.48 million and a price-to-earnings ratio of 7.88. The company’s 50 day moving average price is $7.75 and its 200 day moving average price is $9.23.

Trina Solar Limited (NYSE:TSL) last announced its earnings results on Thursday, May 26th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.07. The company earned $816.90 million during the quarter, compared to analysts’ expectations of $786.08 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was up 46.4% on a year-over-year basis. On average, equities research analysts anticipate that Trina Solar Limited will post $1.21 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently made changes to their positions in the company. 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 valued at $2,548,000 after buying an additional 5,035 shares during the period. Marshall Wace LLP raised its position in shares of Trina Solar Limited by 44.7% in the fourth quarter. Marshall Wace LLP now owns 128,072 shares of the company’s stock valued at $1,412,000 after buying an additional 39,554 shares during the period. 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 valued at $5,221,000 after buying an additional 43,274 shares during the period. 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 valued at $7,187,000 after buying an additional 490,861 shares during the period. 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 valued at $12,656,000 after buying an additional 685,913 shares during the period.

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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