Auriga Starts Trina Solar (TSL) at Buy
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Price: $14.82 --0%
Rating Summary:
7 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
Rating Summary:
7 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
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Auriga initiates coverage on Trina Solar (NYSE: TSL) with a Buy. PT $15.00.
The firm states, "Trina Solar is the crystalline silicon (c-Si) solar PV module cost leader, and a large scale vertically integrated solar module manufacturer based in China. While recent operational slip ups - shipments miss two quarters in row, ASP discounting, rising geographic exposure to Germany amidst market weakness, and management oversight issues - give us a pause, we also believe these issues are fixable. Our concerns are duly reflected in our conservative sales and earnings estimates. With current valuation providing adequate cushion to our concerns, we rate the stock a Buy with a $15 price target."
For more ratings news on Trina Solar click here and for the rating history of Trina Solar click here.
Shares of Trina Solar closed at $10.25 yesterday.
The firm states, "Trina Solar is the crystalline silicon (c-Si) solar PV module cost leader, and a large scale vertically integrated solar module manufacturer based in China. While recent operational slip ups - shipments miss two quarters in row, ASP discounting, rising geographic exposure to Germany amidst market weakness, and management oversight issues - give us a pause, we also believe these issues are fixable. Our concerns are duly reflected in our conservative sales and earnings estimates. With current valuation providing adequate cushion to our concerns, we rate the stock a Buy with a $15 price target."
For more ratings news on Trina Solar click here and for the rating history of Trina Solar click here.
Shares of Trina Solar closed at $10.25 yesterday.
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