Stock Update: Trina Solar Limited (ADR) (NYSE:TSL)

[PR Newswire] Trina Solar Limited (ADR) (NYSE:TSL), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced it obtained Carbon Footprint Verification (“Verification”) for the Company’s solar PV modules from the British Standards Institution (BSI), a leading international standards and certification body. The Carbon Footprint Verification, which is based on standards PAS 2050 and ISO 14067, is widely used as a means of quantifying the carbon footprint of a range of goods and services. The Verification involves assessing the carbon footprint at various stages of a product’s life cycle, such as the acquisition of raw materials, process activities phase and packaging.

The Verification enables organizations to conduct an internal assessment of Greenhouse Gas (GHG) emissions throughout a product’s life cycle and helps identify potential cost and energy saving opportunities. We are pleased to once again receive the Carbon Footprint Verification for our solar PV modules, said Jifan Gao, CEO and Chairman of Trina Solar. “The Verification provides dependable evidence of the environmental benefits of Trina Solar’s products and serves as a differentiator for our products. The verification demonstrates Trina Solar’s active commitment to sustainable development and a low carbon economy and recognizes our efforts to reduce the impacts of solar products on the environment. Our focus remains on further refining our product manufacturing processes and driving reductions in carbon emissions wherever possible.”

There are currently Twelve analysts that we track that cover the stock.  Of those twelve, one has a strong Buy rating, seven have a Buy rating and four have a Hold rating.  On a consensus basis this yields a score of 2.75 and a Buy.  The combined price objective of these covering analysts is $18.03, which represents a 49.41% difference to the last closing price.

A recent analyst activity consisted of Deutsche Bank reiterating their Buy stance on the company.  Deutsche Bank has a price target of $15 which represents an upside of 33.33% from the last closing price.  On the date of the report, the stock closed at $14.47.

Another research firm weighing in recently was Goldman Sachs who initiated their coverage on the stock.  On August 11th, Goldman Sachs calculated their price target on the stock at $12.30, or a 9.3% upside to the current price.  On the day of the report, TSL shares closed at $11.89.

Trina Solar Limited (ADR) (NYSE:TSL) operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The company designs, develops, manufactures, and sells photovoltaic (PV) modules comprising monocrystalline PV modules ranging in various power outputs; and multicrystalline PV modules ranging from 230 W to 310 W in power output for use in residential, commercial, industrial, and other solar power generation systems.

Stock Update: Trina Solar Limited (ADR) (NYSE:TSL) was last modified: November 21st, 2014 by Seth Talluto

Add Comment

Time limit is exhausted. Please reload CAPTCHA.