Trina’s second-quarter net income slipped to $40.3 million, or 42 cents an American depositary receipt, compared with $40.9 million, or 42 cents, a year earlier, Changzhou, China-based Trina said in a statement Tuesday. The sequential upsurge in revenues and shipments was mainly attributed to rush orders in China in anticipation of a probable adjustment in the subsidy policy, which would more than offset the contraction in deliveries elsewhere. Year-to-Date the stock performance stands at -4.36%.
Advertisement
Trina Solar Limited (NYSE:TSL) traded 1.81 Million shares on last trading day with closing price of $10.53.
In-house manufacturing costs declined by about 10% year-over-year amid manufacturing and efficiency improvements, while blended costs-per-watt declined at a slower pace year-over-year, as the company continued to source a portion of modules from third parties.
Trina Solar Limited has dropped 0.09% in the last five trading days, however, the shares have posted positive gains of 24% in the last 4 weeks. The company has Relative Strength Index (RSI 14) of 72.29 along with Average True Range (ATR 14) of 0.24. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Company gross margin stands at 18.40% whereas its return on investment (ROI) is 5.30%. Its weekly and monthly volatility is 0.89%, 3.20% respectively. Analyst’s mean target price for Trina Solar Limited (NYSE:TSL) is $10.08 while analysts mean recommendation is 2.90. 0 analysts have suggested “Sell” for the company. Trina Solar Limited (ADR) (NYSE:TSL) marked 52 week highest price level of $11.35 on 12/24/15 and 52 week lowest price level of $6.91 on 06/27/16. Shares of Trina Solar Limited (ADR) (NYSE:TSL) now have an ABR of 2.67, derived from a total of 6 opinions. The company shipped 1.66 megawatts of panels in the quarter, ahead of its May forecast of 1.5 megawatts to 1.6 megawatts. The stock price is moving up from its 20 days moving average with 6.95% and isolated positively from 50 days moving average with 22.43%.
Advertisement
Trina, which surpassed Yingli Green Energy Holding Co.in 2014 as the biggest solar manufacturer, announced August 1 plans to go private in an all-cash $1.1 billion deal. A PEG Ratio under one may indicate that the company is undervalued. The company’s price to sales ratio for trailing twelve months is 0.29 and price to book ratio for most recent quarter is 0.83, whereas price to cash per share for the most recent quarter is 2.15. The price to earnings growth is 1.14 and the price to sales ratio is 17. The company has a current PEG Ratio of 0.77.
