In a statement today, Trina Solar has revised down its module shipment forecasts for Q2 from 430 to 450 megawatts (MW) to 395 to 397 MW. The companys overall gross margins figures were also revised down from the low 20 percent to 17 to 17.5 percent.
Indicating that the decline in the Italian market, as a result of regulatory changes there, was to blame, Chairman and CEO Jifan Gao said that he expected the results to rebound. "We expect a significant improvement in production costs and an increase in shipment volumes in the third quarter."
In May this year, Trina Solar also revised down its quarter one (Q1) guidance, also by a similar amount of around 30 MW.