Trina cuts full-year shipment forecast on ongoing oversupply

Chinese solar company Trina lowered its forecast shipments for the year, after reporting its fifth consecutive quarterly loss and weaker than expected sales.

It sold 380MW for the three months to end of September, compared with a previously guided 450-480MW. Revenues dropped 38% from the same period last year to $298m and losses came in at $57.5m.

The company warned last week that its third quarter shipments had been hit by continued oversupply and the “irrational pricing practices” of some of its competitors.

"These factors contributed to declines in our average selling prices, despite cost improvements of our key materials,” says chief executive Gao Jifan.

Some solar module makers, facing a global glut in production capacity, are Log in to read complete article.

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