UPDATE: Jefferies Reiterates On Trina Solar Limited As Higher Gross Margin Drives Beat - GraniteShares 1.25x Long TSLA Daily ETF (NASDAQ:TSL)

27% profit every 20 days?

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In a report published Thursday, Jefferies analyst Joseph Fong reiterated a Buy rating on Trina Solar Limited (NYSE: TSL), and raised the price target from $23.70 to $23.90.In the report, Jefferies noted, “Trina Solar reported 1Q14 results with NPAT of US$27m and diluted EPS of US$0.37, above our and consensus estimates. Management guided 2Q14 shipments of 950-1,010 MW in 2Q14 and reiterated their full year guidance of 3.6-3.8GW module shipment. The company expects to complete 400-500 MW of downstream PV projects by year-end. We reiterate our Buy rating.”Trina Solar Limited closed on Wednesday at $10.36.

27% profit every 20 days?

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