Axiom Securities cut shares of Trina Solar Ltd. (NYSE:TSL) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other brokerages have also recently weighed in on TSL. Zacks Investment Research cut shares of Trina Solar from a hold rating to a strong sell rating in a research note on Wednesday, July 27th. Roth Capital reiterated a neutral rating and issued a $10.00 price objective (up previously from $8.00) on shares of Trina Solar in a research note on Tuesday, August 2nd. Credit Suisse Group AG reiterated a hold rating and issued a $11.60 price objective on shares of Trina Solar in a research note on Wednesday, August 3rd. Finally, Morgan Stanley set a $11.60 price objective on shares of Trina Solar and gave the stock a hold rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $11.39.

Shares of Trina Solar (NYSE:TSL) traded down 0.337% during mid-day trading on Wednesday, reaching $10.345. 309,514 shares of the company’s stock traded hands. The stock has a market cap of $878.62 million, a PE ratio of 12.001 and a beta of 1.23. Trina Solar has a 12 month low of $6.91 and a 12 month high of $11.35. The firm has a 50 day moving average price of $10.35 and a 200-day moving average price of $9.37.

Trina Solar (NYSE:TSL) last posted its earnings results on Tuesday, August 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The company earned $961.60 million during the quarter, compared to analysts’ expectations of $866.56 million. Trina Solar had a net margin of 2.51% and a return on equity of 11.34%. Trina Solar’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. On average, analysts predict that Trina Solar will post $1.01 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the company. Shelton Capital Management increased its position in Trina Solar by 20.2% in the second quarter. Shelton Capital Management now owns 113,000 shares of the company’s stock worth $875,000 after buying an additional 19,000 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Trina Solar during the second quarter worth approximately $28,427,000. Impax Asset Management LTD raised its stake in shares of Trina Solar by 22.1% in the second quarter. Impax Asset Management LTD now owns 4,842,981 shares of the company’s stock worth $37,487,000 after buying an additional 876,200 shares during the period. California Public Employees Retirement System raised its stake in shares of Trina Solar by 3.6% in the second quarter. California Public Employees Retirement System now owns 292,700 shares of the company’s stock worth $2,266,000 after buying an additional 10,200 shares during the period. Finally, Sensato Investors LLC acquired a new stake in shares of Trina Solar during the first quarter worth approximately $448,000. 59.50% of the stock is currently owned by hedge funds and other institutional investors.

About Trina Solar

Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.

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