According to Maxim Group, Trina Solar TSL price target is lowered to $22.
Maxim Group said that while shipments of 396 MW (+24%) were in line, revenue of $580m trailed the Street at $599m on lower ASPs of $1.46, below peers at ~$1.59. “Maintaining Buy Rating but Lowering PT to $22, from $26.”
Trina Solar closed yesterday at $14.15.
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