Trina Solar has revised its Q1 guidance figure ahead of the release of its Q1 financial results. The most significant of the changes was a downward adjustment in module shipments from around 351MW to between 320 and 322MW, which came in response to the fall in module demand caused by the uncertainty surrounding Italy’s feed-in tariff.
On a more positive note, Trina has upwardly revised margins for its in-house wafer and module production and now expects to achieve between 32-32.5%, compared to its previous guidance of approximately 30%. In addition to this, Trina expects its overall gross margin to be in the range of 27-28%, as opposed to its previous guidance of around 25%.
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Although Trina has had to lower its module shipment expectations for Q1, it does expect to reach its annual target of 1.75-1.80GW, which is an increase of between 65.6 and 70.3% from 2010.
