Trina revises Q1 guidance

The Chinese photovoltaic module manufacturer has said that in light of decreased module demand, due to Italy’s feed-in tariff revisions, it expects its first quarter 2011 module shipments to be between 320 and 322 megawatts (MW).

This is in comparison to the company’s previous guidance of slightly higher than the approximately 351 MW shipped in the fourth quarter of 2010.

In more positive news, Trina has revised its in-house wafer production and module production gross margin upwards. Consequently, it expects to achieve between 32 and 32.5 percent, compared to its previous guidance of approximately 30 percent.

Furthermore, the company expects its overall gross margin to be in the range of 27 to 28 percent, as opposed to its previous guidance of the mid to high 20s in percentage terms.

While Trina has had to lower its module shipment expectations for the first quarter, it does expect to reach its already mentioned goal of 1.75 gigawatts (GW) to 1.80 GW for the full year, thus representing an increase of between 65.6 and 70.3 percent from 2010.