Auriga Maintains a 'Hold' on Trina Solar (TSL); Updating Estimates Ahead of Q4
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Price: $12.76 +0.87%
Rating Summary:
7 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga maintains a 'Hold' on Trina Solar (NYSE: TSL) price target of $9.00.
Auriga analyst said, "We expect the company to deliver results to the high end of its shipment guidance, in view of the sharp module demand seen in December 2011. We are of a neutral view in terms of inventory/asset write-offs - they may come but may at best be marginal - not like the huge write-offs seen at Suntech Power and Yingli Green. However, higher shipment expectation does not necessarily translate into profits immediately. Like for most of the solar PV industry, Trina Solar's profitability will have to wait until 4Q12."
"Updating 4Q11 and 2012/2013 estimates - 4Q11 estimates revised: Our 4Q11 module shipment now tracks at the higher end of the company's guidance at 320MWp to 350MWp with revenue and EPS tracking $363M and ($0.35), respectively compared to $304M and ($0.39) earlier."
For an analyst ratings summary and ratings history on Trina Solar click here. For more ratings news on Trina Solar click here.
Shares of Trina Solar closed at $10.33 yesterday.
Auriga analyst said, "We expect the company to deliver results to the high end of its shipment guidance, in view of the sharp module demand seen in December 2011. We are of a neutral view in terms of inventory/asset write-offs - they may come but may at best be marginal - not like the huge write-offs seen at Suntech Power and Yingli Green. However, higher shipment expectation does not necessarily translate into profits immediately. Like for most of the solar PV industry, Trina Solar's profitability will have to wait until 4Q12."
"Updating 4Q11 and 2012/2013 estimates - 4Q11 estimates revised: Our 4Q11 module shipment now tracks at the higher end of the company's guidance at 320MWp to 350MWp with revenue and EPS tracking $363M and ($0.35), respectively compared to $304M and ($0.39) earlier."
For an analyst ratings summary and ratings history on Trina Solar click here. For more ratings news on Trina Solar click here.
Shares of Trina Solar closed at $10.33 yesterday.
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