Following rival Yingli, which earlier in the day warned investors that its first-quarter shipments would come in lower than expected, Trina shrank its shipment guidance, from 670MW-700MW to 540MW-570MW.

Trina blamed uncertainty in the EU pending an agreement on a new minimum import price, a situation it believes will turn around as soon the EU’s new rules have been finalized.

In its own market update, Yingli fingered soft demand in China tied to market seasonality and a delayed delivery schedule for a large project in Algeria.

However,