Why We Cut Our Price Estimate For Trina Solar To $10

June 8th, 2016 by Trefis Team
10.37
Trefis
TSL: Trina Solar logo
TSL
Trina Solar

We ave reduced our price estimate for Trina Solar (NYSE:TSL) from around $12 per share to $10 per share. The key factors driving our downward revision include headwinds in the company’s projects business in China and pricing pressures in the global solar module markets amid stronger manufacturing capacity growth and concerns regarding demand visibility. That said, we still remain bullish on the stock on account of Trina’s relatively low cost base, its focus on expanding in fast-growing solar markets such as India and the Middle East, and the company’s relatively strong financial position compared to its Chinese peers.

TSL_Stance_Q1_1TSL_Stance_Q1_2

References:

Relevant Articles
  1. Do PERC Panels Pose A Threat To First Solar And SunPower?
  2. Key Takeaways From Trina Solar’s Q3 Results
  3. How Will The Slowdown In Chinese Installations Impact Trina Solar’s Q3 Results?
  4. Trina Solar Posts Solid Q2 Growth, But Downstream Projects Remain A Key Factor To Watch
  5. Why The Solar Industry Could Face Headwinds In The Near Term
  6. Going Private Is A Good Deal For Trina Solar Shareholders

Global Solar PV Manufacturing Capacity Expansion Tops 22 GW In Q1, Cleantechnica, April 2016

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Trina Solar

See More at Trefis | View Interactive Institutional Research (Powered by Trefis)

Get Trefis Technology