Trina Solar Beats Expectations On Strong Shipments And Margins

Quarterly revenues came in at $558 million, up by 25.5% year-over-year, driven by stronger panel shipments, although they fell by 20.8% on a sequential basis due to seasonally lower sales in China. Gross margins improved by 2.3% sequentially to 18%, aided by a more favorable sales mix and lower manufacturing costs. The outlook for the global solar industry remains positive as concerns of excess supply have largely abated and installations are expected to grow by over 20% this year. Trina Solar c...