The Chinese module manufacturer says that it expects first quarter 2011 shipments to decrease from the fourth quarter of 2010 "by a low teen percentage". This has been revised from its previous predictions that the first quarter would see mid-single digit percentage growth.
Trina also believes that its first quarter gross margin will hit between 27 and 27.5 percent as opposed to 30 to 31 percent, while its gross margin relating to its in-house module production will be approximately 30 percent, compared to 32.9 percent achieved in the last quarter.
The bad weather experienced last winter was said to be an influencing factor. However, the main reason cited was Italys policy changes.
The 2011 second quarter outlook is more positive, with Trina predicting an over 30 percent increase in photovoltaic module shipments over the first quarter.
The company goes on to say that based on current market and operating conditions, estimated production capacity and forecasted customer demand, it reaffirms its module shipment target to be in the estimated range of 1,700 megawatts (MW) to 1,750 MW for the fiscal year 2011.
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