NEW YORK (TheStreet) -- Shares of Trina Solar Limited (TSL) are higher by 5.05% to $11.64 in mid-morning trading on Wednesday, after the China-based solar power products manufacturer posted a year-over-year increase in revenue and guided for a growth in shipments for the 2015 full year.

Revenue for the most recent quarter grew by 34% to $705 million when compared to the 2013 fourth quarter. Analysts polled by Thomson Reuters were expecting $643 million in revenue for the quarter.

Solar module shipments in the Asia Pacific area jumped 43% for the quarter, driving the spike in revenue.

Exclusive Report:Jim Cramer's Best Stocks for 2015

The company said shipments for the 2015 full year are expected to rise between 20% and 26%.

Trina Solar's net earnings on an adjusted basis for the 2014 fourth quarter were 21 cents per American Depository Share compared to the 13 cents per share analysts were anticipating.

"We are pleased with our solid performance in the fourth quarter. We saw record shipment volumes, maintained our leading position as one of the largest solar companies in the world, and continued to increase our earnings quarter to quarter," Trina Solar CEO Jifan Gao said in a statement. 

TSL

data by

YCharts