Collins Stewart raised its target on Trina following the company's Q1 results and believes the stock offers the "cheapest valuation in the group." Shares remain Buy rated. Target to $30, from$22.
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Trina Solar is a well recognized manufacturer of high quality monocrystalline modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company in China.
Trina Solar is currently one of the few PV manufactures who has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to continuously improve along every step of the production process and to ensure high quality products to our end customers. Trina Solar's modules provide reliable and environmentally friendly electric power for residential, commercial, industrial and public utility applications worldwide.
Trina Solar is backed by a number of well recognized investors such as Good Energies, Milestone Capital and Merrill Lynch who are actively involved on the Board of Directors and have contributed to the recent successful Initial Public Offering (IPO) of in the New York Stock Exchange (NYSE).
Trina Solar is led by an international management team from over 6 different countries with deep solar PV industry experience.
Trina Solar has reached long-term partnerships with leading technology suppliers in Switzerland, Italy and Germany, which provide the latest technology for our production facilities in China. These partnerships are another quality guarantee for our end customers and enable us to work jointly towards a brighter future.
www.trinasolar.com
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