Trina Solar (TSL) Cuts Q2 PV Shipment Outlook; Affirms FY11 Expectations
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Trina Solar Limited (NYSE: TSL) updates its Q211 outlook.
Despite achieving record shipment volumes in the second quarter, the Company estimates its solar module shipments in the second quarter to be in the range of 395 MW to 397MW, compared to the Company's previous guidance of 430 MW to 450 MW for the reasons discussed below.
Based on its demand outlook for the second half of 2011, the Company reiterates its expectation for its full year 2011 PV module shipments of between 1.75 GW to 1.80 GW, representing an increase of 65.6% to 70.3% from 2010.
Despite achieving record shipment volumes in the second quarter, the Company estimates its solar module shipments in the second quarter to be in the range of 395 MW to 397MW, compared to the Company's previous guidance of 430 MW to 450 MW for the reasons discussed below.
Based on its demand outlook for the second half of 2011, the Company reiterates its expectation for its full year 2011 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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