NEW YORK (TheStreet) -- Shares of Trina Solar Limited (TSL) are higher by 4.14% to $12.58 on Tuesday morning following yesterday's announcement the company will be supplying 23 megawatts of modules to Linuo Solar Power's Distributed Generation Solar Project in China.
The project will use 92,000 Trina Solar TSM-250PC05A modules and cover 500,000 square meters of rooftop, Trina Solar said.
The project is expected to produce 299kWH of electricity and will mitigate 28,674 tons of CO2 emissions, shipments are estimated to be completed by the end of June.
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."