Monday, August 18, 2008

Trina Sell-Off Overdone, Says Raymond James (TSL)

I think ClusterStock will regret their headline: "Trina Solar Blows Quarter, Downgraded (TSL)". Does anyone else see an incongruity here:
S&P downgrades Trina Solar (TSL) from Buy to HOLD, target cut from $47 to $40.
Hint: the stock closed at $30.14, down 84 cents.

From Tech Trader Daily:
Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4% today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year. The sell-off may be overdone, opined Raymond James analyst Pavel Molchanov, in a chat I had with him by phone this afternoon....CONTINUED