Why Trina Solar (TSL) Stock Is Soaring Before the Bell

NEW YORK (TheStreet) -- Trina Solar (TSL) stock is soaring in pre-market trading after the company reported better-than-expected earnings in its first quarter. 

Before market open, shares had spiked 8.1% to $11.20. 

Over the three months to March, the company earned 37 cents a share, 34 cents higher than analysts surveyed by Thomson Reuters expected. However, revenue of $444.8 million was under an estimated $452.55 million.

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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 robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."

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

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