Trina Solar Limited (TSL) : Traders are bullish on Trina Solar Limited (TSL) as it has outperformed the S&P 500 by a wide margin of 25.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.86% in the last 1 week, and is up 25.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Trina Solar Limited is up 27.32% in the last 3-month period. Year-to-Date the stock performance stands at -3.99%. The stock has recorded a 20-day Moving Average of 6.95% and the 50-Day Moving Average is 22.43%.
Trina Solar Limited (NYSE:TSL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.54 and $10.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.58, notching a gain of 0.38% for the day. The total traded volume was 1,092,286 . The stock had closed at $10.54 on the previous day.
Also, Major Brokerage house, Credit Suisse maintains its ratings on Trina Solar Limited (NYSE:TSL). In the latest research report, Credit Suisse maintains the target price to $11.6 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 18, 2016.
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer. The Company develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules it manufactures. The Company has two segments: manufacturing segment and solar power projects segment. The Companys manufacturing segment designs, develops, manufactures and sells photovoltaic (PV) modules and integrates the manufacturing of ingots, wafers and solar cells for use in its PV module production. The Companys solar power projects segment designs and constructs, in order to operate or sell, solar power projects in China, the United Kingdom, Japan, the Middle East and India. The Company produces standard monocrystalline PV modules ranging from between 210 watts and 215 watts to between 270 watts and 275 watts in power output and multicrystalline PV modules ranging from between 250 watts and 265 watts to between 300 watts to 315 watts in power output.