NEW YORK (TheStreet) -- Trina Solar (TSL) shares are experiencing volatility on Monday following the Chinese integrated solar power manufacturer announcement that it had reached a deal to supply 92,000 solar panels with 23 megawatts of capacity to fellow Chinese company Linuo Solar Power for rooftop systems over 124 acres in the country's Shandong Province.
Shares spiked to a high of $12.31 in early market trading, fell -1% to $11.69 and are currently up 0.6% to 11.89.
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Terms of the deal, which is expected to completed by the end of June, have not yet been released.
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, impressive record of earnings per share growth 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."