Traders Use Bearish Raymond James Report as an Exit to Take Profits on Trina Solar
July 16, 2013 at 11:40 AM EDT
Raymond James analyst Pavel Molchanov released a report this morning downgrading Trina Solar (NYSE: TSL ) to an Underperform from a Market Perform rating saying the company is experiencing "irrational bullishness" right now. Later on in the report, Molchanov noted that the rally in module prices from the first half