Brokerages Set Trina Solar Limited (TSL) Target Price at $9.94

Trina Solar Limited (NYSE:TSL) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.94.

Several research firms recently issued reports on TSL. Zacks Investment Research raised shares of Trina Solar Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. Axiom Securities reissued a “sell” rating on shares of Trina Solar Limited in a research report on Thursday, February 2nd.

A number of hedge funds have recently modified their holdings of the company. Tudor Investment Corp Et Al boosted its stake in shares of Trina Solar Limited by 5.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 11,455 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 555 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Trina Solar Limited during the fourth quarter valued at $226,000. Scotia Capital Inc. boosted its stake in shares of Trina Solar Limited by 3.8% in the fourth quarter. Scotia Capital Inc. now owns 27,540 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 1,000 shares in the last quarter. Allianz Asset Management AG purchased a new stake in shares of Trina Solar Limited during the fourth quarter valued at $328,000. Finally, Profund Advisors LLC boosted its stake in shares of Trina Solar Limited by 7.1% in the third quarter. Profund Advisors LLC now owns 70,752 shares of the semiconductor company’s stock valued at $725,000 after buying an additional 4,688 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

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Trina Solar Limited (NYSE:TSL) remained flat at $11.54 during trading on Monday. Trina Solar Limited has a 12-month low of $6.91 and a 12-month high of $11.54. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $10.16.

Trina Solar Limited Company Profile

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.

5 Day Chart for NYSE:TSL

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