Trina Solar (TSL) updated its previous guidance today, lowering its shipment guidance from the previous guidance of greater than 351MW to 320MW – 322MW due to impacts to module demand and order flow linked to Italy’s solar regulatory revisions. However, the company expects its in house gross margins to increase a bit to 32 – 32.5% from the previous guidance of 30%. The overall gross margins, factoring in outsourcing is expected to dip a bit to 27 –28%. For the full year, they are reiterating shipments of 1.75 – 1.80GW which would be an increase of close to 70% over the year ago period.
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Shares of TSL closed near the flat line today and continue to hold in around the imporant 200 day moving average.