Barclays Maintains an 'Equalweight' on Trina Solar (TSL); Waiting on Growth in Gross Margins and Stabilized Opex
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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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Barclays maintains an 'Equalweight' on Trina Solar (NYSE: TSL) price target lowered from $9 to $7.
Analyst, Amir Rozwadowski, said, "While clearly the solar industry - along with Trina - is not out of the woods yet, we cannot overlook that Trina's pro forma gross margins demonstrated notable improvement after adjusting for costs associated with U.S. duties."
Rozwadowski expects stabilizing margins to ultimately drive shares. He feels that Europe will continue to help the company/stock on a near-term basis, but sales in China will pick up in the second half of the year (2012).
Barclays lowers FY12 loss from -0.72 to -0.93 and lowers FY13 EPS from $0.50 to $0.40.
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 $5.55 yesterday.
Analyst, Amir Rozwadowski, said, "While clearly the solar industry - along with Trina - is not out of the woods yet, we cannot overlook that Trina's pro forma gross margins demonstrated notable improvement after adjusting for costs associated with U.S. duties."
Rozwadowski expects stabilizing margins to ultimately drive shares. He feels that Europe will continue to help the company/stock on a near-term basis, but sales in China will pick up in the second half of the year (2012).
Barclays lowers FY12 loss from -0.72 to -0.93 and lowers FY13 EPS from $0.50 to $0.40.
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 $5.55 yesterday.
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