Trina Solar Limited (NYSE:TSL) saw strong trading volume on Friday . 1,713,170 shares traded hands during 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 research analysts recently issued reports on the stock. Axiom Securities reissued a “sell” rating on shares of Trina Solar Limited in a report on Friday, April 1st. Credit Suisse Group AG cut their price target on shares of Trina Solar Limited from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Deutsche Bank AG cut shares of Trina Solar Limited from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $9.00 in a report on Thursday, May 26th. Cowen and Company cut shares of Trina Solar Limited from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $11.00 to $7.50 in a report on Friday, July 15th. Finally, Roth Capital cut shares of Trina Solar Limited from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $8.00 in a report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.66.

The firm has a market cap of $714.65 million and a price-to-earnings ratio of 8.00. The company’s 50 day moving average is $7.80 and its 200-day moving average is $9.13.

Trina Solar Limited (NYSE:TSL) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. During the same period last year, the firm posted $0.16 earnings per share. The business earned $816.90 million during the quarter, compared to analyst estimates of $786.08 million. The company’s quarterly revenue was up 46.4% on a year-over-year basis. Equities research analysts predict that Trina Solar Limited will post $1.17 EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. 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 worth $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 worth $2,548,000 after buying an additional 5,035 shares during the last quarter. 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 worth $5,221,000 after buying an additional 43,274 shares during the last quarter. 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 worth $12,656,000 after buying an additional 685,913 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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