Key Takeaways From Trina Solar’s Q3 Results

TSL: Trina Solar logo
Trina Solar

Trina Solar (NYSE:TSL), the world’s largest solar panel manufacturer, recently published its Q3 results, reporting weaker revenues amid declines in panel pricing and a slowdown in China, where a feed-in-tariff cut in June hurt installations. The firm shipped 1.36 GW of modules during the quarter, well below its guidance of between 1.55 GW and 1.65 GW. [1]  However, the company did not provide an update to full year shipments guidance (6.3 GW to 6.55 GW), potentially implying that Q4 results could pan out better. Cumulative shipments over the first three quarters stood at 4.4 GW. Trina’s stock remained remained relatively flat, likely due to the firm’s agreement to go private via an all-cash transaction ($11.60 per share) in Q1’17 (related: Going Private Is A Good Deal For Trina Solar Shareholders) Below, we summarize some of the key metrics from the firm’s earnings.

See our complete analysis for Trina Solar 

We have a $10.40 price estimate for Trina Solar, which is in line with the current market price

Relevant Articles
  1. Do PERC Panels Pose A Threat To First Solar And SunPower?
  2. How Will The Slowdown In Chinese Installations Impact Trina Solar’s Q3 Results?
  3. Trina Solar Posts Solid Q2 Growth, But Downstream Projects Remain A Key Factor To Watch
  4. Why The Solar Industry Could Face Headwinds In The Near Term
  5. Going Private Is A Good Deal For Trina Solar Shareholders
  6. Why We Cut Our Price Estimate For Trina Solar To $10


View Interactive Institutional Research (Powered by Trefis):

Global Large CapU.S. Mid & Small CapEuropean Large & Mid Cap

More Trefis Research

  1. Trina Solar Press Release []