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.

Get more investment ideas from our investment research center.

Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
null

If you liked this article you might like

How Walmart and Costco Could See a Future Flush With Profits Thanks to an Abundance of Cute Puppies

How to Trade Wednesday's Most Active Stocks -- Citigroup, Trina Solar, GDX and More

Will Tesla's Solar Roof Really Cost Less Than Normal Roof as Musk Claims?

Clouds Blow In Over First Solar, Others as Renewables Retreat After Trump Victory

China's Incentive Cuts Mean The Time to Buy Solar Is Now