Shares of Trina Solar Limited (NYSE:TSL) saw unusually-strong trading volume on Friday . Approximately 1,713,170 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 2,062,569 shares.The stock last traded at $8.31 and had previously closed at $8.34.

Several equities analysts recently issued reports on TSL shares. Deutsche Bank AG cut Trina Solar Limited from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $9.00 in a research report on Thursday, May 26th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Trina Solar Limited in a research report on Sunday, May 29th. Cowen and Company cut Trina Solar Limited from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $11.00 to $7.50 in a research report on Friday, July 15th. Roth Capital lowered shares of Trina Solar Limited from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $8.00 in a research note on Friday, June 3rd. Finally, Axiom Securities reiterated a “sell” rating and set a $4.00 target price (down from $6.00) on shares of Trina Solar Limited in a research note on Friday, May 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Trina Solar Limited currently has an average rating of “Hold” and an average target price of $9.66.

The company has a 50 day moving average of $7.79 and a 200-day moving average of $9.15. The company has a market capitalization of $714.65 million and a PE ratio of 8.00.

Trina Solar Limited (NYSE:TSL) last announced 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 firm earned $816.90 million during the quarter, compared to analyst estimates of $786.08 million. During the same quarter last year, the business earned $0.16 earnings per share. Trina Solar Limited’s revenue was up 46.4% on a year-over-year basis. Equities research analysts anticipate that Trina Solar Limited will post $1.17 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its stake 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 increased its stake 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. Morgan Stanley increased its stake 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. GSA Capital Partners LLP increased its stake 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, First Trust Advisors LP increased its stake 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.

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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