Trina Solar Limited (NYSE:TSL)’s share price shot up 4% during mid-day trading on Monday . The company traded as high as $8.66 and last traded at $8.64, with a volume of 1,583,224 shares. The stock had previously closed at $8.31.

A number of brokerages have recently issued reports on TSL. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $14.00 price target (down from $15.00) on shares of Trina Solar Limited in a research report on Monday, March 21st. Axiom Securities reaffirmed 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 company from $11.00 to $9.00 in a research report on Thursday, May 26th. Cowen and Company downgraded Trina Solar Limited from an “outperform” rating to a “market perform” rating and cut their target price for the company from $11.00 to $7.50 in a research report on Friday. Finally, Roth Capital downgraded Trina Solar Limited from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Two equities 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. The stock presently has a consensus rating of “Hold” and an average target price of $9.66.

The stock has a 50 day moving average of $7.75 and a 200-day moving average of $9.17. The stock has a market cap of $734.15 million and a price-to-earnings ratio of 8.22.

Trina Solar Limited (NYSE:TSL) last posted its quarterly earnings data 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 business had revenue of $816.90 million for the quarter, compared to the consensus estimate of $786.08 million. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities research analysts predict that Trina Solar Limited will post $1.17 earnings per share for the current year.

Other institutional investors have bought and sold shares of the company. 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 valued at $1,412,000 after buying an additional 39,554 shares during the period. Guinness Asset Management Ltd boosted 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 last quarter. Morgan Stanley boosted 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 last quarter. GSA Capital Partners LLP boosted 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 last quarter. Finally, First Trust Advisors LP boosted 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 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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