Market Overview

UPDATE: Citigroup Initiates Trina Solar at Neutral on Structural Industry Headwinds

Related TSL
China Stock Roundup: AutoNavi to Be Sold, Baidu Launches Payments App - Analyst Blog
Trina Solar Cuts Q1 Shipment Outlook, Shares Fall - Analyst Blog

Citigroup initiated Trina Solar (NYSE: TSL) with a Neutral rating and a $5.00 price target.

Citigroup said, "As one of the higher quality panel manufacturer in China, TSL is greatly leveraged to a recovery as the sector works off excess inventory over the next few years. That said, the industry is not only going through a cyclical trough but structural headwinds as well – mainly the commoditization of the modules business. Hence, our favorable stance towards more downstream players versus upstream manufacturers. We remain on the sidelines on challenging industry fundamentals."

Trina Solar closed at $5.32 on Tuesday.

Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (TSL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free