- Trina Solar (TSL +13.5%) is upgraded to Buy from Hold with a $9.50 target price at Maxim Group, which says volumes appear back on track following several quarters in which TSL was surprisingly weak in sales and execution (Q2 results).
- TSL again is showing the leverage in its model, the firm says; excluding one-time charges, it would have reported 13.7% gross margin and an operating margin nearly back to income breakeven - a dramatic improvement from the negative "clean" operating margin it reported for Q1.
- Shares also are upgraded to Buy from Hold at Ardour Capital, which hikes its target to $10 from $5 citing higher 2013 guidance and better than expected margins.
Trina Solar gets two upgrades following better than expected Q2
Aug 20 2013, 15:29 ET