Trina Solar Limited Revises Production and Gross Margin Outlook for the First Quarter of 2014; Reaffirms Production Outlook for the Full Year 2014
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.