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.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
Solar trade war: U.S. imposes preliminary anti-dumping tariffs of 26-165% on solar PV from China, Taiwan5399 views
- 3336 views
- 2906 views
- 2004 views
- 1981 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!