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Trina Solar Announces Updates to First Quarter 2011 Guidancehttp://media.corporate-ir.net/media_files/irol/global_images/spacer.gif

 

 

Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced today the following updates to its previous guidance made for the quarter ended March 31, 2011.

 

Due to impacts to module demand and order flow linked to Italy's solar regulatory revisions, the Company expects its solar module shipments in the first quarter to be in the range of 320 MW to 322 MW, compared to the Company's previous guidance of slightly higher than the approximately 351 MW shipped in the fourth quarter of 2010.

 

Additionally, for the first quarter 2011, the Company expects:

 

  • Gross margin relating to its in-house wafer production and module production to be in the range of 32.0% to 32.5%, compared to the Company's previous guidance of approximately 30%
  • Overall gross margin, taking into account wafer and cell requirements outsourced to third party suppliers to meet demand in excess of the Company's internal capacity, to be in the range of 27% to 28%, compared to the Company's previous guidance of the mid to high 20s in percentage terms.

 

For the full year 2011, the Company reiterates its expectation for total PV module shipments of between 1.75 GW to 1.80 GW, representing an increase of 65.6% to 70.3% from 2010.

 

As these selected estimated results are subject to finalization of the Company's financial closing procedures, the Company's actual results may differ from its current estimates.

 

The Company will review its first quarter 2011 results via conference call at 8:00 a.m. ET on May 17, 2011. Conference call details may be found via separate announcement, available at the Investor's Center of the company's website at http://www.trinasolar.com .

 

About Trina Solar Limited

 

Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.

 

Safe Harbor Statement

 

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For further information, please contact:

Trina Solar Limited

Brunswick Group

Terry Wang, CFO

Caroline Jinqing Cai

Phone: +(86) 519-8548-2009 (Changzhou)

Phone: + (86) 10-6566-2256

Thomas Young, Senior Director of Investor Relations

Michael Fuchs

Phone: +1 (408) 459-6706 (San Jose)

Phone: + (86) 10-6566-2256

Email: ir@trinasolar.com

Email: trina@brunswickgroup.com

SOURCE Trina Solar Limited

 

 

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Annual reports of Trina Solar Ltd.
Filed its Annual Report on Form 20-F for 2010
Filed its Annual Report on Form 20-F for 2009
Files Annual Report on Form 20-F
2008 Annual report
Nominations of Trina Solar Ltd.
7/5/2012Appoints New Independent Director
1/10/2012Announces Changes to Board of Directors
5/19/2011Announces Appointment of Chief Commercial Officer
Financials of Trina Solar Ltd.
2/23/2012Announces Fourth Quarter and Fiscal Year 2011 Results
11/23/2011Announces Third Quarter 2011 Results
11/4/2011Announces Updates to Third Quarter 2011 Guidance
8/24/2011Announces Second Quarter 2011 Results
8/2/2011Announces Updates to Second Quarter 2011 Guidance
5/11/2011Announces Updates to First Quarter 2011 Guidance
11/30/2010Announces Third Quarter 2010 Results
8/17/2009Announces Second Quarter 2009 Results
7/27/2009Selected Estimated Second Quarter Results
2/17/2009Announces Selected Estimated Fourth Quarter and Full Year 20...
10/15/2008Announces Selected Estimated Third Quarter Results
Corporate news of Trina Solar Ltd.
7/13/2011Announces Changes to Board of Directors and Committees
2/22/2011Announces Fourth Quarter and Fiscal Year 2010 Results
12/27/2010Announces Three-Year $800 Million Investment in Changzhou Tr...
10/7/2010Announces Management Changes
7/29/2010Announces Industrial Liaison Program with MIT
4/8/2010Supplies Modules for PV Power Plant Project in Thailand
3/24/2010Closes Follow-On Public Offering of 9,085,000 American Depos...
3/17/2010Announces Follow-on Public Offering of 7,900,000 American De...
3/10/2010Signs Sales Agreement with U.S. Wholesale Distributor Essco
9/30/2009Signs Sales Agreement with Kerself S.p.A
9/30/2009Announces Extension of Long-Term Supply Agreement with GCL-P...
9/8/2009Announces Five-Year Project Loan Facility
9/4/2009Holds Annual General Meeting of Shareholders
9/3/2009Launches "Center For Excellence" to Provide Testing and Qual...
8/17/2009Announces the Closing of Over-Allotment Of 675,000 American ...
8/13/2009Notice of Annual General Meeting 2009
8/13/2009Records Excellent Performance Results at Desert Knowledge Au...
8/11/2009Supplies Modules for Solar Power Project at Colorado State U...
7/29/2009Pricing of Follow-on Public Offering of 4,500,000 American D...
7/27/2009Follow-on Public Offering of 4,000,000 American Depositary S...
7/23/2009Signs Sales Agreement with PROINSO
6/30/2009Glass Supplier to Invest in Changzhou Trina PV Industrial Pa...
6/26/2009Secures $57 Million Credit Facilities
6/8/2009to Open Warehouse in California
5/6/2009Expands European Sales and Marketing Team
4/20/2009Three New Sales Agreements in Germany
4/14/2009Supplies Italy's Largest Rooftop Installation
3/20/2009Announces the Inauguration of North America's Largest Single...
1/29/2009Signs Sales Agreement With GA Solar
1/23/2009Announces Operational Highlights
12/18/2008Announces 'MeSolar' Brand UMG-Silicon Based Product Line
11/21/2008Adopts Shareholder Rights Plan
11/17/2008to Open Warehouse in Europe
11/12/2008Announces UMG-based Module Launch
11/11/2008to Locate North American Base in San Francisco
10/3/2008Ranked Top 3 in TUV Energy Rating Tests
9/25/2008Sponsor and Exhibit at the Solar Power International Confere...
9/24/2008Power North America's Largest Single Rooftop Installation
9/19/2008and Gestamp Asetym Announce Inauguration of 26 MW PV Plant i...
9/12/2008Signs Sales Agreement with the Belgian Company Invictus NV
9/9/2008Announces New Website Design
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