Auriga Maintained a 'Buy' on Trina Solar (TSL); Shipments Happen

Yesterday, Auriga maintained a 'Buy' on Trina Solar (NYSE: TSL) and $41 price target.

Auriga analyst says, "Reporting late in the season has its advantages as uncertainty is limited to just a few weeks of variability. TSL management guided shipments to increase ~40% sequentially while also maintaining full-year 2011 shipment guidance of 1,750 to 1,800 MW. That said, solar investors will likely stay on the sidelines until shipment volumes resume and will then bid the stock higher while chasing demand into the seasonally strong fall installation season. Regardless, we are not wavering in our support of TSL and reiterate our rating."

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 $22.74 yesterday.

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