Update. Trina Solar is the second, but likely not be the last PV module manufacturer to revise upwards third quarter shipments due to strong demand.
The company said that it expected PV module shipments to exceed 750MW and could reach 780MW, compared to previous guidance of 650MW to 680MW.
As with Canadian Solar’s upward revised guidance, Trina Solar said that overall gross margin would be significantly higher than previous guidance. The company said it expected gross margin to be between 14.5% – 15.5%, compared to low double digits previously guided.
According to a recent NPD Solarbuzz report, major Chinese tier one module suppliers are expected to post record quarterly shipments as the PV market demand in China and Japan is supporting global market growth.
Helping margins and expected revenue has been stable ASPs, which the market research firm noted had been stable for three consecutive quarters.
However, based on shipment levels so far this year and revised third quarter shipment levels (1,820MW), Trina Solar would only ship around 580MW in the fourth quarter to meet the top-end of its full-year guidance.
According to a research note from ROTH Capital Partners, Trina Solar is expected to report revenue of US$503 million, compared to the analyst consensus of US$460 million. ROTH had previously guided estimated revenue for the quarter US$432 million.
Trina Solar is expected to release quarterly results on November 19.