Trina Solar Q2: Record 396 MW Shipments, Painful Margins: Trina Solar's stock is up ten percent today as most
Trina Solar's stock is up ten percent today as most solar stocks rose anywhere from 1 percent ot 15 percent. Trina Solar announced its second quarter results this morning, before the market opened. Trina Solar (NYSE:TSL) is a vertically integrated solar firm with a product chain ranging from monocrystalline ingots, wafers and cells to the assembly of PV modules. The firm revised its second-quarter guidance downward a few weeks back. Trina expected second-quarter shipments to range from 395 to 397 megawatts and predicted gross margins of 17.0 percent to 17.5 percent. Shipments came in at 396 megawatts and 17 percent gross margins. For many solar firms (Suntech , SunPower , Q-Cells , First Solar , JA Solar , etc.) and their investors, the second quarter and first half of 2011 could not have ended soon enough. The common refrain was that high inventories, plus a lack of trans...