Maxim Group Upgrades Trina Solar (TSL) to Hold; Risk/Reward More Balanced
Get Alerts TSL Hot Sheet
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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Maxim Group upgraded Trina Solar (NYSE: TSL) from Sell to Hold with a price target of $5.00.
Analyst, Aaron Chew, said, "Ex-tariff, 1Q margins/EPS beat the Street, but 2Q guidance points to more losses. While our outlook for depressed solar economics and EPS losses for TSL has not changed, we have become more sanguine on the stock itself. As valuation tools shift from earnings to asset/survival value, we expect TSL to hold up better than most due to its superior cost structure and debt load."
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, Aaron Chew, said, "Ex-tariff, 1Q margins/EPS beat the Street, but 2Q guidance points to more losses. While our outlook for depressed solar economics and EPS losses for TSL has not changed, we have become more sanguine on the stock itself. As valuation tools shift from earnings to asset/survival value, we expect TSL to hold up better than most due to its superior cost structure and debt load."
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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