Trina Solar Limited (NYSE:TSL)’s share price fell 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 trading hands. The stock had previously closed at $8.71.

Several brokerages have weighed in on TSL. Credit Suisse Group AG restated a “hold” rating on shares of Trina Solar Limited in a research note on Sunday, May 29th. Cowen and Company cut Trina Solar Limited from an “outperform” rating to a “market perform” rating in a research note on Friday. Deutsche Bank AG cut Trina Solar Limited from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $9.00 in a research note on Thursday, May 26th. Axiom Securities restated a “sell” rating and set 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 cut Trina Solar Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $8.00 in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Trina Solar Limited currently has an average rating of “Hold” and a consensus target price of $10.41.

The stock has a market cap of $704.48 million and a price-to-earnings ratio of 7.88. The stock’s 50 day moving average price is $7.74 and its 200 day moving average price is $9.21.

Trina Solar Limited (NYSE:TSL) last issued its earnings results on Thursday, May 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.07. The business had revenue of $816.90 million for the quarter, compared to the consensus estimate of $786.08 million. The firm’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, equities analysts anticipate that Trina Solar Limited will post $1.17 earnings per share for the current fiscal year.

Other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted 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 in the last quarter. GSA Capital Partners LLP boosted 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 in the last quarter. Guinness Asset Management Ltd boosted 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 in the last quarter. First Trust Advisors LP boosted 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 in the last quarter. Finally, 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 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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