Trina Solar (TSL) Updates Guidance, Lower For The Quarter On Italy Subsidy Cuts, But Full Year Intact

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. 

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