Trina Solar Is One Of The Best-Positioned Module Manufacturers, Says Roth Capital
Roth Capital analyst Philip Shen reiterated a Buy rating on Trina Solar Limited (NYSE:TSL) with a $25 price target, which implies an upside of 131.5% from current levels.
Shen noted, “In October, TSL raised gross proceeds of ~$144mn through the issuance of shares and convertible notes. Ahead of the company’s Q3 earnings release on Monday, November 24, we are updating our model for the dilution from the deal, and we also adjust our Q3 estimates. Given its leading brand, healthy balance sheet, growing project business, we believe TSL is one of the bestpositioned module manufacturers.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Philip Shen has a total average return of -8.2% and a 27.1% success rate. Shen has a -31.3% average return when recommending TSL, and is ranked #3313 out of 3377 analysts.