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

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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