Trina revises Q3 guidance downwards


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.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.