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Trina Solar (TSL) [hlAlert]

up 6.38 %

Trina Solar (TSL) upgraded to Overweight with price target $30 by HSBC Securities

Posted on: Thursday,  Jul 7, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Trina Solar (NYSE: TSL) on 07/07/2011. Previously HSBC Securities rated Underweight Trina Solar (NYSE: TSL) on 05/19/2011.,
when the stock price was $22.66. Since then, Trina Solar has lost 6.00% as of 07/07/2011's recent price of $21.30.
If you would have followed the previous HSBC Securities's recommendation on TSL, you would have gained 6.38% of your investment in 49 days.

Trina Solar Limited is an integrated solar-power products manufacturer based in China. The Company produce monocrystalline photovoltaic (PV) modules ranging from 165 watts to 230 watts in power output and multicrystalline PV modules ranging from 210 watts to 230 watts in power output. The PV modules are built to general specifications, as well as to the customers? and end-users? specifications. The Company sell and market the products globally, including in a number of European countries, such as Germany, Spain and Italy. The Company sell the products to distributors, wholesalers and PV system integrators, including Enipower Spa, Gestamp Solar S.L. and IBC Solar AG. As of December 31, 2008, the Company had an annual module manufacturing capacity of approximately 350 megawatts.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/7/2011 8:25 AM Buy
21.30 30.00
as of 12/30/2011
1 Week down  -10.93 %
1 Month down  -16.50 %
3 Months up  9.86 %
1 YTD down  -65.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/19/2011 8:25 AM Sell
22.66 22.00
11/16/2009 8:25 AM Buy

(*) Stock Price at the time of the recommendation.
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