Seeking Alpha

Trina Solar gets two upgrades following better than expected Q2

  • 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.
Comments (2)
  • Michael Bryant
    , contributor
    Comments (5358) | Send Message
     
    I think (TSL) and (SPWR) are probably best of the solar makers.
    20 Aug 2013, 11:24 PM Reply Like
  • oldpartsnrust
    , contributor
    Comments (284) | Send Message
     
    I agree Michael, am long TSL (and TSLA).
    21 Aug 2013, 01:32 PM Reply Like
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