Trina Solar (TSL) Tops Q4 EPS by 15c; Guides Q1, FY16 Shipments

Trina Solar (NYSE: TSL) reported Q4 EPS of $0.43, $0.15 better than the analyst estimate of $0.28. Revenue for the quarter came in at $961.9 million versus the consensus estimate of $824.24 million.

Total module shipments were 1,776.3 MW, consisting of 1,579.7 MW of external shipments and 196.6 MW of shipments to the Company's own downstream power projects. This compares with total shipments of 1,703.2 MW, consisting of 1,353.2 MW of external shipments and 350.0 MW of shipments to the Company's own downstream power projects in the third quarter of 2015.

Guidance:

First Quarter 2016 Guidance

The Company expects to ship between 1.37 GW to 1.45 GW of PV modules, all of which will be shipped to third-party customers.

Fiscal Year 2016 Guidance

2016 Manufacturing Capacity Guidance

The Company expects to achieve the following annualized capacity at the end of 2016:

• Ingot production capacity of approximately 2.3 GW
• Wafer capacity of approximately 1.8 GW
• PV cell capacity of approximately 5.0 GW
• PV module capacity of approximately 6.0 GW

The Company expects total PV module shipments between 6.30 GW and 6.55 GW, of which 450 MW to 550 MW will be shipped to the Company's downstream projects, revenues of which will not be recognized.

The Company expects to connect to the grid between 750 MW and 850 MW of downstream PV power projects across the world, including 10 % to 15% of DG projects in China.

For earnings history and earnings-related data on Trina Solar (TSL) click here.

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