Trina Solar Stock Soars (TSL)

NEW YORK ( TheStreet) -- Shares of Trina Solar (NYSE: TSL) have taken a tremendous swing upward. The stock is trading at $8.81 as of 12:05 p.m. ET, 20.7% above Tuesday's closing price of $7.30. Volume is at 5.1 million, two times the daily average of 2.6 million.

Trina Solar has a market cap of $556.6 million and is part of the technology sector and electronics industry. Shares are up 9.3% year to date as of the close of trading on Tuesday.

Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. The company has a P/E ratio of 1.7, below the average electronics industry P/E ratio of 38.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Trina Solar as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. You can view the full Trina Solar Ratings Report.

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