Trina Solar (TSL) Beats Q4 Expectations

Trina Solar Limited (TSL) shares are up 3.80% to $11.50 in pre-market trading Wednesday after the company reported its fourth quarter earnings results.

The solar firm reported non-GAAP earnings of $0.13 per share on revenues of $705 million, up 34.1% from a year ago. Analysts were expecting EPS of $0.13 on revenues of $642.92 million. Net revs were $705 million, an increase of 14.3% from Q3’14.

For full-year 2014, the company reported total net revenues of $2.29 billion, an increase of 28.8% from 2013. Net income was $61.3 million, compared with a net loss of $72.2 million for 2013.

“We are pleased with our solid performance in the fourth quarter. We saw record shipment volumes, maintained our leading position as one of the largest solar companies in the world, and continued to increase our earnings quarter to quarter,” said in a statement Mr. Jifan Gao, Chairman and CEO of Trina Solar.

On valuation measures, Trina Solar Ltd. ADS shares, which currently have an average 3-month trading volume of 2.7 million shares, trade at a trailing-12 P/E of 12.85, a forward P/E of 9.98 and a P/E to growth ratio of 0.10. The median Wall Street price target on the name is $15.00 with a high target of $25.00. Currently ticker boasts 6 ‘Buy’ endorsements, compared to 5 ’Holds’ and no ‘Sell’.

Profitability-wise, TSL has a t-12 profit and operating margin of 3.05% and 5.19%, respectively. The $905.07 million market cap company reported $539.80 million in cash vs. $842.70 million in debt in its most recent quarter.

TSL currently prints a one year loss of about 25% and a year-to-date return of around 20%.

Trina Solar Ltd. operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the U.S., and other Asia Pacific regions. The company was founded in 1997 and is headquartered in Changzhou, the People’s Republic of China.

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