Jefferies Raises Price Target, Estimates on Trina Solar (TSL) After Q4

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February 27, 2012 7:52 AM EST
Get Alerts TSL Hot Sheet
Price: $12.87 --0%

Rating Summary:
    7 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Jefferies raised its price target on Hold-rated Trina Solar (NYSE: TSL) from $7 to $8 following strong Q4 volume growth due to strength in Germany, the US, and China.

The firm notes GM of 7.1% came below their expectation due to 19% ASP decline.

Jefferies adjusted their estimates and expect TSL to grow shipment by 35% in 2012 and by 32% in 2013.

Q1 EPS goes from ($0.21) to ($0.15) and FY12 goes from ($0.21) to ($.015). FY13 was raised from $1.16 to $1.37.

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 $7.80 yesterday.

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