Trina Solar (TSL) Issues Mixed Predictions For 4th Quarter Results

Posted by Tate Dwinnell | # |
10:10:09 am on February 17, 2009

Trina Solar announced today that its 4th quarter revenues should exceed the company’s forecasts of $190 million to $210 million. The company will also reduce its short-term debt to $249 million, a decrease of $41 million dollars.

So, that’s the good news. The bad news is that the company expects weak margins for the 4th quarter. Reuters has the details:

Trina said in a statement it would take a charge of between $16 million to $18 million because of the steep decline in market prices for silicon, the material that turns sunlight into electricity in its photovoltaic modules.

That will trim gross margins in the fourth quarter to between 9 percent to 10 percent, compared with its forecast of 13 to 15 percent.

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