Trina Solar Reports Third-Quarter Results; Fair Value Unchanged
Trina Solar reported third-quarter earnings with lower-than-expected results. The company suffered from many of the same market headwinds mentioned by its peers. Revenue declined both sequentially and over the year due to industry oversupply, weak demand in Chinese markets, and a precipitous fall in module ASPs. Demand was much softer in Chinese markets when compared with the company’s second quarter, and resulted in module shipments falling 18% to 1,361 MW. Margins were negatively impacted by a...
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