Trina Solar Limited (NYSE:TSL) traded down 5% during trading on Thursday . The company traded as low as $8.28 and last traded at $8.31, with a volume of 2,702,696 shares trading hands. The stock had previously closed at $8.75.

A number of equities research analysts have commented on the company. Credit Suisse Group AG restated a “hold” rating on shares of Trina Solar Limited in a research report on Sunday, May 29th. Axiom Securities restated a “sell” rating and issued a $4.00 target price (down previously from $6.00) on shares of Trina Solar Limited in a research report on Friday, May 27th. Roth Capital downgraded Trina Solar Limited from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Deutsche Bank AG downgraded Trina Solar Limited from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $9.00 in a research report on Thursday, May 26th. Finally, Cowen and Company downgraded Trina Solar Limited from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $11.00 to $7.50 in a research report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.66.

The company has a market capitalization of $699.39 million and a PE ratio of 7.83. The company has a 50-day moving average of $7.93 and a 200-day moving average of $9.05.

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

Several large investors have bought and sold shares of the company. Marshall Wace LLP boosted its stake 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. First Trust Advisors LP boosted its stake 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 boosted its stake 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. Finally, Morgan Stanley boosted its stake 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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