Trina Solar Limited TSL was a big mover last session, as the company saw its shares roughly 12% on the day. Shares moved up on the news that the company could become private. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.11 to $10.54 over the past one-month time frame.
This solar firm witnessed two positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Trina Solar. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Trina Solar has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is JA Solar Holdings Co., Ltd. JASO, sporting a Zacks Rank #1 (Strong Buy).
Is TSL going up? Or down? Predict to see what others think: Up or Down
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