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Trina Solar Expects Q1 Solar Module Shipments to Be in the Range of 320 MW to 322 MW

Courtesy of Benzinga

Trina Solar Limited (NYSE: TSL) 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.

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