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Trina revises Q3 guidance downwards

Trina Solar Limited has announced significant changes to its Q3 financial guidance, ahead of the release of its quarterly figures.

Jifan Gao has blamed "irrational" pricing for Trina Solar's weak performance.

World Economic Forum

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.