Gilford Securities Sees Ongoing Malaise for Trina Solar (TSL)

March 6, 2013 3:29 PM EST
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Gilford Securities today maintained a Neutral Rating on Trina Solar (NYSE: TSL). Analyst Nimal Vallipuram said while global demand was robust, there was no clarity on profitability for the industry, and his analysis warns of continued malaise at Trina.

"While the demand for solar panels continues to grow driven by lower prices, the supply is stubbornly at a level where the panel vendors are unable to derive profitability. Driven by innovative financing schemes in the residential market, and lower panel prices overall, solar demand continues to be robust despite massive subsidy cuts across many countries. However, despite the strong demand, panel prices continue to languish at levels where the panel vendors are hardly breaking even, even at the gross margin level," said Vallipuram.

For an analyst ratings summary and ratings history on Trina Solar (NYSE: TSL) click here. For more ratings news on Trina Solar click here.

Shares of Trina Solar closed at $4.15 yesterday.

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