Analysts Decidedly Bullish On Trina Solar (TSL)

I just posted about Trina Solar’s (TSL) strong earnings report and wanted to give a run down on some analyst reactions.  The consensus is generally bullish with a hint of caution.

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Hapoalim Securities maintains Hold but raised the price target from $27 to $30.  The firm sees the company as a leader in solar manufacturing.

Wells Fargo maintains Hold rating but raised the valuation range from $32 – $35 to $35 – $38 saying the stock is inexpensive.

Cowen maintains its Outperform rating and sees it outperforming the overall market by 40% over the next year saying the company will continue to gain market share and adapt to changes in European solar policy.

Piper Jaffray maintains its Overweight rating but raised the price target.  The firm mentioned that its 2011 shipment guidance is strong.

Auriga maintains its Buy rating and $41 price target.  The firm seees rising input costs, but believes TSL will be more immune than its smaller competitors.  They are substantially raising their revenue estimates for this year due to a ramp in capacity.  They mentioned that demand continues to surprise to the upside which should keep bears in hibernation until next quarter.

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