"Auriga Lowers Price Target and Estimates on Trina Solar" But Collins Stewart looks for decent numbers on the 25th (TSL)

In early trade the stock is up 1.27% at $18.47.
Bachman is one of the better solar analysts, his calls on SunPower in particular have been near-perfect.
From StreetInsider:

Auriga maintains a 'Buy' rating but lowers the price target from $34 to $24 on Trina Solar (NYSE: TSL) due to the depreciation of the euro versus the dollar.

According to Auriga, "Our model assumes that roughly 65% of Trina's revenue will be denominated in Euros, and are only 40% hedged through 2011... We believe Trina is seeing significant demand for its product across Europe, and given our CSI data analysis, may be starting to see market share wins in the US.">>>MORE

From Benzinga:

Collins StewartCollins Stewart reiterated a "buy" rating on Chinese solar firm Trina SolarTrina Solar (NYSE: TSL) with a $31 price target. Trina Solar reports first-quarter earnings on Tuesday.

Collins Stewart expects Trina to report a profit of 62 cents a share on revenue of $243 million. The Street is expecting 61 cents a share on sales of $228 million.

Collins Stewart said its second quarter EPS estimate of 41 cents a share and a top-line estimate of $329 million may prove to be too conservative. TSL shares trade at eight times Collins Stewart's 2011 estimate....MORE