Energy and Industrials Question
Trina Solar has a P/E of 3! Time to buy?
Asked by Market101 in
Energy and Industrials
one year ago
Stocks referenced: TSL
Answers
2222 points
readytoretire answered one year ago …
I don't think so. That is if you are looking for a short term trade. With their announcement of tripled revenue yoy, they also lowered the 4th quarter estimate by about 25%. That will lower earnings by close to that, so the next qtr P/E will be affected. Next year as the economy improves, their outlook is much better.
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474 points
spider348 answered one year ago …
Not on a P/E. If oil keeps dumping so will alternatives. However at $6ish I just added it to my watch list - thanks - also watching STP
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