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

|About: Trina Solar Limited (TSL)|By:, SA News Editor

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.