Trina Solar shipments to come in below Q3 forecasts

Trina Solar – one of China’s top PV panel makers – says it has shipped fewer modules than expected in the third quarter after being hit by continued oversupply and the “irrational pricing practices” of some of its competitors.

In an announcement ahead of the release of the company’s third quarter results next week, Trina says module shipments will be 375-385MW for the three months to the end of September, compared to previous guidance of 450-480MW.

The company also says that its overall gross margin will be a maximum 1.5% instead of the middle-single digits.

Trina says its margin will be hit by a non-cash inventory write-down, although it will also reverse prior provisions it had made in the event of anti-dumping and countervailing duties being levied by the US…

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