Trina Solar Stock Gaps Up On Today's Open (TSL)

NEW YORK ( TheStreet) -- Shares of Trina Solar (NYSE: TSL) were gapping up Monday morning with an open price 10.1% higher than Friday's closing price. The stock closed at $10.15 Friday and opened today's trading at $11.18.

The average volume for Trina Solar has been 2.9 million shares per day over the past 30 days. Trina Solar has a market cap of $627.3 million and is part of the technology sector and electronics industry. Shares are up 51.9% year to date as of the close of trading on Friday.

Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. The company has a P/E ratio of 2.6, 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, disappointing return on equity and poor profit margins. You can view the full Trina Solar Ratings Report.

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