Trina Solar Closes Out 2011 With A Q4 Shipment Surprise

Thu, 03/29/2012 - 22:53 EDT - Seeking Alpha

By Investing Hobo: Similar to most solar companies, Trina Solar (TSL) ended the final quarter of 2011 with additional losses. While Q4 2011 losses were expected, there were some upside surprises in its quarterly earnings report. As the industry's ongoing consolidation continued dragging module average selling prices("asp") lower, elasticity as shown in the past generated a significant demand surge in the final months of 2011. As one of the industry's leaders, TSL also experienced a sharp surprise in demand evident in its fourth quarter shipment surprise of 425MW vs. an original guidance of 320-350MW.Trina Solar's Q4 shipment surprise lifted its annual shipment totals to 1.51GW. While the company's annual shipments grew 43% year over year, it still fell short of the its initial 1.75-1.80GW target and lagged the industry's overall installation growth rate of approximately 59%. Despite losing slight market share in 2011, Trina still increased its industry ranking a notch byComplete Story »

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Trina Solar Closes Out 2011 With A Q4 Shipment Surprise

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