Trina Solar (TSL) shares are trading higher pre-market after the company reported an unexpected Q1 profit.

For the quarter, TSL posted revenue of $132.1 million, down 38.9% sequentially, up 9.5% year over year, and below the Street consensus of $142.5 million. The company posted an adjusted profit of 2 cents a share, well ahead of the Street, which expected a loss of 8 cents a share. The company said it sold 48 MW of solar capacity in the quarter, below its guidance of 50-55 MW. The company said gross margin in the quarter was 17.2%, above guidance of 15%-17%, and ahead of Q4 gross margin of 9.6%.

For Q2, the company expects to sell 60-65 MW, with gross margin of 18%-20%.

For the full year, Trina sees 350-400 MW of capacity, up 74%-99% from a year earlier.

This morning, TSL is up $1.40, to $24.02.


Comments

"Lowest ASP in the industry and highest Gross Margin in the Industry WOW !"

"Yes, ASP fo 2,7 USD/WATT. This is the way the achieve markt share."


Posted by Eric Savitz
barrons.com