UPDATE: Maxim Group Upgrades Trina Solar to Hold on "Survivability Factor"
Maxim Group raises its rating on Trina Solar (NYSE: TSL) from Sell to Hold and removes its $5 price target on shares.
Maxim Group says, "Ex-tariff, 1Q margins/EPS beat the Street, but 2Q guidance points to more losses. While our outlook for depressed solar economics and EPS losses for TSL has not changed, we have become more sanguine on the stock itself. As valuation tools shift from earnings to asset/survival value, we expect TSL to hold up better than most due to its superior cost structure and debt load. In turn, we upgrade to Hold from Sell and remove our price target of $5."
TSL closed at $5.55 on Wednesday.
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