Trina Solar revises Q1 guidance figures

Facebook
Twitter
LinkedIn
Reddit
Email

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%.

This article requires Premium SubscriptionBasic (FREE) Subscription

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.

Read Next

November 8, 2024
Cube Green Energy, a subsidiary of US investment manager I Squared Capital, has acquired German agrivoltaics (agriPV) developer SUNfarming.
November 8, 2024
In Q3 2024, Sunrun added 230MW of solar PV capacity and 336MWh of storage, both a double-digit increase from the previous quarter.
November 8, 2024
Roman Karbowy of the Polish Photovoltaics Association spoke exclusively to PV Tech Premium about Poland's solar 'revolution'.
November 8, 2024
Clenera has signed a power purchase agreement (PPA) with utility Arizona Public Service (APS) for its Snowflake A solar-plus-storage project.
November 8, 2024
US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.
Premium
November 8, 2024
'This revolution came not from the large-scale PV, but started from the really small scale, up to 1MW installations,' says Roman Karbowy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 12, 2024
San Diego, USA
Solar Media Events, Upcoming Webinars
November 13, 2024
4pm GMT / 8am PST
Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK