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