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%.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
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.