August 18, 2009 – Analyst Comments – Cowen’s Rob Stone commented this morning on Trina Solar’s (NYSE:TSL) report for Q2 reiterating his OUTPEFORM rating stating that he sees “40% upside relative to the market in 12 months."...
... Raising estimates on higher capacity – Q409 cell/module capacity is expanding to 600MW (vs. 400), raised 2009-12E shipments by 12-18%. Modeling 2009 at 338MW. Q3/Q4. Raising 2009-12E E/ADS to $1.80, $2.30, $3.06 and $4.26, respectively on revenue of $712M, $900M, $1.14B and $1.5B.
· Maintaining OUTPERFORM rating seeing 40% upside relative to the market in 12 months...MORE
