Auriga Maintains Buy On Trina Solar (TSL) After Earnings

Auriga was out with a call this morning maintaining its Buy rating and $24 price target on Trina Solar (TSL) following earnings.  While they believe the concerns over a tumbling Euro continue to outweigh improving fundamentals in the solar sector, those with a larger appetite for risk should consider an investment in TSL.  I’m with Auriga on this and looking for a spot to get in myself.  That may be tomorrow if it slides a bit further. 

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Highlights from the Auriga report:

– TSL is being very conservative on full year shipment guidance of 750 – 800MW.  Auriga forecasts 841MW.
– significant Euro risk as 90% of revenues from Euro based economies, but company is 60% hedged this quarter and diversifying into the US and China
– Trina expects to ship 100MW to the US this year and improve that 50% in 2011 to 150MW.  Auriga believes Trina is actively looking for manufacturing capacity within the US

Shares of TSL were down 3% today, but on light volume.

One thought on “Auriga Maintains Buy On Trina Solar (TSL) After Earnings”

  1. Solar energy is very hot now, due to Germany Feed-In-Tax Cut effective in July first. After June, solar energy will probably have a price drop again. This will have a potential price drop again. According to PVinsights,, solar module prices are around $1.74 per watt now.

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