Trina Solar Strong Q1 Expected: Collins Stewart

Collins Stewart reiterated a "buy" rating on Chinese solar firm Trina Solar TSL with a $31 price target. Trina Solar reports first-quarter earnings on Tuesday. Collins Stewart expects Trina to report a profit of 62 cents a share on revenue of $243 million. The Street is expecting 61 cents a share on sales of $228 million. Collins Stewart said its second quarter EPS estimate of 41 cents a share and a top-line estimate of $329 million may prove to be too conservative. TSL shares trade at eight times Collins Stewart's 2011 estimate. "Given TSL’s cost leadership in the crystalline module segment of the industry and its strong growth and brand, we find this multiple too low and discount unwarranted," Collins Stewart said.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorEarningsNewsPrice TargetGlobalMarketsAnalyst RatingsInformation TechnologySemiconductors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!