Why Trina Solar (TSL) Is Up Today

NEW YORK (TheStreet) -- Trina Solar (TSL) was gaining 8.4% to $15.99 Tuesday after beating analysts' fourth-quarter earnings estimates.

The solar panel provider posted earnings of 13 cents a share for the fourth quarter, beating the Capital IQ Consensus Estimate of 4 cents a share by 9 cents. Revenue rose 73.6% from the year-ago quarter to $525.6 million, falling short of analysts' estimates of $543.5 million for the quarter.

Trina Solar shipped 770.1 MW worth of modules in the fourth quarter, down from 774.6 MW in the third quarter, but up from 414.5 MW in the fourth quarter of 2012. The year-over-year increase in shipments is due to increasing demand in China, Japan, and other "key geographical regions."

The company expects to ship between 670 MW and 700 MW worth of modules in the first quarter of 2014.

Must read: 3 Stocks Advancing The Electronics Industry

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates TRINA SOLAR LTD as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRINA SOLAR LTD (TSL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."

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