Trina Solar Limited (NYSE:TSL) saw strong trading volume on Thursday . 2,178,518 shares were traded 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.

Several equities research analysts have recently issued reports on the stock. Cowen and Company lowered shares of Trina Solar Limited from an “outperform” rating to a “market perform” rating in a research note on Friday. Credit Suisse Group AG reiterated a “hold” rating on shares of Trina Solar Limited in a research note on Sunday, May 29th. Deutsche Bank AG lowered shares of Trina Solar Limited from a “buy” rating to a “hold” rating and reduced their price objective for the company from $11.00 to $9.00 in a research note on Thursday, May 26th. Axiom Securities reiterated a “sell” rating and issued a $4.00 price objective (down from $6.00) on shares of Trina Solar Limited in a research note on Friday, May 27th. Finally, Roth Capital lowered shares of Trina Solar Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the company 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, seven have given a hold rating and two have given a buy rating to the stock. Trina Solar Limited presently has an average rating of “Hold” and a consensus price target of $10.41.

The stock has a 50 day moving average price of $7.74 and a 200-day moving average price of $9.21. The company has a market capitalization of $704.48 million and a P/E ratio of 7.88.

Trina Solar Limited (NYSE:TSL) last posted its earnings results on Thursday, May 26th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The company had revenue of $816.90 million for the quarter, compared to analysts’ expectations of $786.08 million. The business’s revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts predict that Trina Solar Limited will post $1.21 earnings per share for the current fiscal year.

Other institutional investors recently bought and sold shares of the company. Marshall Wace LLP boosted 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 valued at $1,412,000 after buying an additional 39,554 shares during the last quarter. First Trust Advisors LP raised its position 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 valued at $2,548,000 after buying an additional 5,035 shares during the period. Guinness Asset Management Ltd raised its position 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 valued at $5,221,000 after buying an additional 43,274 shares during the period. GSA Capital Partners LLP raised its position 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 valued at $7,187,000 after buying an additional 490,861 shares during the period. Finally, Morgan Stanley raised its position in 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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