Trina Solar Limited (NYSE:TSL) traded up 25.7% on Monday . The company traded as high as $10.75 and last traded at $10.37, with a volume of 7,736,385 shares trading hands. The stock had previously closed at $8.25.

A number of equities research analysts have weighed in on the stock. Credit Suisse Group AG reiterated a “hold” rating on shares of Trina Solar Limited in a research report on Sunday, May 29th. Deutsche Bank AG cut shares of Trina Solar Limited from a “buy” rating to a “hold” rating and dropped their price target for the company from $11.00 to $9.00 in a research report on Thursday, May 26th. Roth Capital cut shares of Trina Solar Limited from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Axiom Securities reiterated a “sell” rating and set a $4.00 price target (down from $6.00) on shares of Trina Solar Limited in a research report on Friday, May 27th. Finally, Zacks Investment Research cut shares of Trina Solar Limited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Trina Solar Limited presently has an average rating of “Hold” and a consensus price target of $9.66.

The stock has a market capitalization of $875.73 million and a P/E ratio of 9.80. The stock has a 50-day moving average price of $7.93 and a 200 day moving average price of $9.05.

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

Several hedge funds and institutional investors recently made changes to their positions in the company. Marshall Wace LLP raised its position 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 last quarter. Guinness Asset Management Ltd raised 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 raised 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. Finally, First Trust Advisors LP raised 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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