Trina Solar Limited revised production outlook for the first quarter of 2014. For the first quarter, the company currently estimates its solar module shipments to be in the range of 540 MW to 570 MW, including 20 MW to 30 MW for its downstream projects, as compared to the previous guidance of 670 MW to 700 MW, including 20 MW to 30 MW for its downstream projects. This is primarily due to a temporary decrease in shipments to the EU pending agreement on a new minimum import price pursuant to the adjustment mechanism in the price undertaking. The company expects shipments to European markets to increase with the finalization of the terms.

The company reiterated its full year 2014 module shipment guidance of 3.6 GW to 3.8 GW, of which 400 MW to 500 MW of PV modules are expected to be shipped to downstream projects. The company expects to complete construction of between 400 MW and 500 MW in downstream PV projects during 2014.

Additionally, for the first quarter of 2014, the company currently estimates that the overall gross margin will be between 18% to 20% compared to the company's previous guidance of mid-teens in percentage terms. The increase in gross margin is due to improved ASP of modules and a gross margin in the high-teens from the sale of the Company's 50 MW Wuwei project.