I'm starting to get dizzy. Trina's up 31 cents at $61.27 It bottomed at $5.75.
Collins Stewart raised its estimates and price targets on shares of Canadian Solar (
Nasdaq: CSIQ) and Trina Solar (NYSE: TSL) this morning.
- Canadian Solar - reiterate Buy, target moves from $26 to $40. The firm cites "slightly higher volumes and a higher average selling
pricein Q210." Collins Stewart raised Q2 ASP assumption from $1.70/w to $1.80/w and its CY10 shipment forecast from 585MW to 610MW. The CY10 EPS estimate moves from $2.00 to $2.50. The firm also introduced CY11 EPS estimate of $2.70.
- Trina Solar - reiterate Buy, target raised from $56 to $75. Collins Stewart cites "higher module price assumption for Q2" and believes that 2010 will be a "front-loaded year for TSL's earnings." The firm raised its CY11 EPS estimate from $4.70 to $5.00.
...They also reiterate the Buy rating on Trina Solar and raise the price target from $56 to $75. The firm cites “higher module price assumption for Q2″ and believes that 2010 will be a “front-loaded year for TSL’s earnings.” The firm raised its CY11 EPS estimate from $4.70 to $5.00....