Trina Solar gets two upgrades following better than expected Q2

|About: Trina Solar Limited (TSL)|By:, SA News Editor

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.