Trina revises Q3 guidance downwards12. November 2012 | Industry & Suppliers, Markets & Trends | By: Becky Beetz
Trina Solar Limited has announced significant changes to its Q3 financial guidance, ahead of the release of its quarterly figures.
Imbalances between supply and demand, high inventory levels and "irrational" pricing practices were cited by chairman and CEO, Jifan Gao as the key reasons for the Chinese photovoltaic manufacturer having to scale back its Q3 guidance.
Overall, Trina expects to ship between 375 MW and 385 MW of modules in Q3, compared to its previous estimates of between 450 MW and 480 MW. Meanwhile, a gross margin of between 0% and 1.5% is predicted, as opposed to in the middle-single digits.
Trina has said it will either confirm or revise its full year shipment guidance of 1.75 to 1.8 GW next Tuesday, November 20. The company has already revised these figures down from between 2 to 2.1 GW, following the publication of its disastrous Q2 financial results.
In a recent article analyzing Chinese module manufacturer shipments, SolarPVInvestor’s Robert Dydo estimated that Trina shipped 378 MW in Q3.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 5401 views
- 3674 views
- 3524 views
- 3319 views
- 2979 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!