Goldman Sachs Cuts Price Target on Trina Solar (TSL)
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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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Goldman Sachs cut its price target on Neutral-rated Trina Solar (NYSE: TSL) from $6.90 to $5.50.
The firm said the the vicious circle of Chinese solar investment – expansion, international dumping, anti-dumping investigations and duties, domestic dumping,
expansion – remains the key driver of the ongoing down-cycle.
Goldman does not expect poly ASP to trough until late 2012/early 2013, while module ASP should remain under pressure in 2013.
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 $6.77 yesterday.
The firm said the the vicious circle of Chinese solar investment – expansion, international dumping, anti-dumping investigations and duties, domestic dumping,
expansion – remains the key driver of the ongoing down-cycle.
Goldman does not expect poly ASP to trough until late 2012/early 2013, while module ASP should remain under pressure in 2013.
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 $6.77 yesterday.
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