Axiom Analyst Gordon Johnson Remains Bearish On Trina Solar Shares

In a research report issued today, Axiom analyst Gordon Johnson reiterated a Sell rating on Trina Solar Limited (NYSE:TSL) with a price target of $8.00.

Johnson wrote, “Following a miss to C2Q14 rev/GM ests., we believe TSL’s earnings have peaked; considering Cons. ests. imply 2H14 EPS of $0.86, despite TSL guiding lower ASPs & higher OPEX on geo-mix in 3Q & 4Q (due to more shipments to China, where ASP/freight costs are lower/higher vs. Japan), we see sig. downside to 2H14 Street ests., inflamed by what we blv is an imminent, dilutive capital raise.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gordon Johnson has a total average return of 5.8% and a 50.9% success rate. Johnson has a 18.1% average return when recommending TSL, and is ranked #950 out of 3255 analysts.

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