Trina Solar (TSL) Expects Strong 2011, Sees Shipments Doubling In US Market

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09:57:28 am on December 15, 2010

Trina Solar (TSL) is out this morning indicating that 2011 will be another good year for the company.  CFO Terry Wang told reporters at a Reuters conference that he expects any slowdown in Europe next year to be neutralized by a pick up in US orders.  In fact, the company not only doesn’t see a slowdown next year, but expects gross profits and net profits to accelerate and an increase in their global market share from 8% to 10%.  It sees European revenues making up 60% of revenues (vs 75% now), while US shipments double from 130MW to around 260MW.

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“Growth in solar markets will be fastest outside Europe, with demand likely growing in the U.S. Australia, China and Japan,” said Wang.

Shares of TSL are trading up about 2% this morning, but remain submerged below the 200 day moving average and technically weak. 

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