Thursday, October 28, 2010

Trina Solar (NYSE:TSL) Has Strong Competitive Position, Low Cost Structure

While acknowledging the solar sector has a good third quarter, Wedbush doesn't see that continuing, and among the major competitors, only rates Trina Solar (NYSE:TSL) as an "Outperform."

Wedbush said that "given the company’s low cost structure and competitive position," they remain positive on the company.

When reporting on November 15, Trina should report quarterly sales of $419.2 million GAAP EPS of 88c, concluded Wedbush.

Trina closed Wednesday at $27.60, gaining $0.13, or 0.47 percent. Wedbush has a price target of $34 on them.

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