Trina Solar (TSL -9.3%) makes new lows after warning it expects Q2 module shipments of...


Trina Solar (TSL -9.3%) makes new lows after warning it expects Q2 module shipments of 390MW-420MW, below prior guidance of 500MW-520MW. Trina also expects to report a gross margin of just 7%-9% (still better than LDK Solar's negative margin), a $26M-$28M inventory write-down, a $45M-$48M receivables provision (many solar vendors have had collection issues), and a forex loss of $22M-$23M. Shares could also be affected by Suntech's problems.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs