Rec-Upgrade story about TSL from Morgan Stanley

Morgan Stanley upgraded Trina Solar based on strength in the residential roof-top markets and increased financing for smaller projects. Target to $37.

Trina: Rating to Overweight from Underweight. Target to $37 from $7.30. (Wow, that’s quite a change of heart there.) The reasons for the more bullish stance: an expected industry inflection next year, Trina’s position as a low-cost producer, “and hence its potential to gain market share at the expense of high cost EU and U.S. producers.” He sees TSL driven by “high volume growth, low-to-moderate margins and relatively good working capital management.”

Source: fly & Barrons