Wednesday, December 1, 2010

Auriga's Bachman Maintains BUY and Price Target on Trina Solar (TSL)

In early pre-market action the stock is up 61 cents at $22.93, getting back some of yesterday's 6 1/2% loss.
From Small Cap Pulse:
Analyst Comments – Auriga’s Mark Bachman maintained his BUY rating on Trina Solar (NYSE:TSL) and $38 price target this morning, noting stronger than expected financial results, bullish commentary on 2011 pricing and volume.
Key Takeaways:
        Qualitative fears and volatility in the dollar/euro exchange rate will likely keep investors cautious near term;
      Trina is the second Asian supplier to guide cost/watt to about $1 in 2011 driven by processing cost and poly cost declines...MORE
See also:
"Cowen’s Stone Maintains OUTPERFORM on Trina Solar, Sees 40% Upside (TSL)