Trina Solar is expecting to sell 540-570 megawatts in modules this quarter, Market Watch reports. Previously, the company estimated it would sell 670-700 megawatts.
The company blames a decrease in sales to the European Union for the lower guidance estimates. The decrease in shipments is the result of a pending agreement on a new minimum import price, according to Market Watch.
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TheStreet Ratings team rates TRINA SOLAR LTD as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRINA SOLAR LTD (TSL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: