Canaccord Genuity Reaffirms Buy Rating for Trina Solar Limited (NYSE:TSL)

Trina Solar Limited (NYSE:TSL)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a report issued on Friday, November 3rd. They presently have a $3.25 target price on the semiconductor company’s stock. Canaccord Genuity’s target price points to a potential downside of 71.84% from the company’s previous close.

Shares of Trina Solar Limited (NYSE TSL) traded up $0.01 on Friday, reaching $11.54. The company had a trading volume of 4,726,300 shares, compared to its average volume of 2,151,158. Trina Solar Limited has a 1 year low of $6.91 and a 1 year high of $11.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.86 and a current ratio of 1.01.

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Trina Solar Limited Company Profile

Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.

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