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TSL may be worth a nibble here

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Trina Solar continues to fall as the fallout from its disappointing earnings continues to reverberate through the markets. In the last three weeks, TSL ( quote ) is down about 30%. There is a lot of discussion about oversupply in solar module land, but there is always talk about oversupply in solar module land -- at least until the inevitable supply crunch. TSL is probably worth a nibble here. It is cheap and still a growth stock. Valuation is 5.6 times this year's estimated profits and 6.5 next year's forecasts -- compared to a historic average P/E of 17.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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