Seeking Alpha

Trina hikes Q3 module shipment and margin guidance

  • A day after Canadian Solar and Daqo hiked their Q3 forecasts, Trina (TSL) is joining in on the fun. The company now expects to report 750MW-780MW of Q3 solar module shipments, well above prior guidance of 650MW-680MW. Gross margin is expected to be in a range of 14.5%-15.5%, above prior guidance for a low double-digit figure. (PR)
  • Trina also says it expects Q3 results to be hurt by a $9.5M-$10.5M incremental accounts receivable provision, and to benefit from a $7.5M-$8.5M forex gain. Full results are due on Nov. 19.
  • Shares +3.2% premarket.
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