Trina Solar Announces Updates to Third Quarter 2012 Guidance

         Trina Solar Announces Updates to Third Quarter 2012 Guidance

PR Newswire

CHANGZHOU, China, Nov. 12, 2012

CHANGZHOU, China, Nov. 12, 2012 /PRNewswire/ -- Trina Solar Limited (NYSE:
TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of
solar photovoltaic products, announced today the following updates to its
previous guidance for the quarter endedSeptember 30, 2012.

The Company estimates its solar module shipments in the third quarter of 2012
to be between 375 MW and 385 MW, compared to the Company's previous guidance
of between 450 MW and 480 MW. Additionally, for the third quarter of 2012, the
Company estimates that overall gross margin, including the impact of a
provision for a non-cash inventory write-down and a reversal of prior
provisions for anti-dumping and countervailing duties (ADCVD) in the United
States, to be between 0% and 1.5%, compared to the Company's previous guidance
of middle-single digits in percentage terms.

The Company will confirm or revise its previous shipment guidance of between
1.75 to 1.8 GW for the full year 2012 during its third quarter 2012 earnings
conference call.

As these selected estimated results are subject to the finalization of the
Company's financial closing procedures, the Company's actual results may
differ from its current estimates.

"Our third quarter sales were adversely impacted by a continued supply-demand
imbalance in the global PV industry, high inventory levels and irrational
pricing practices by some competitors in the market," said Mr. Jifan Gao,
Chairman and CEO of Trina Solar.

"As recently announced, we have successfully completed two major initiatives,
which include the restructuring of our global business into distinct modules
and systems business units, and a top-down review of our operations to
reallocate and reduce our headcount and other operating expenses. Such
initiatives address current industry conditions as well as the shift in
regional demand and changes to our customers' business models as a result of
the increasingly attractive economics of solar energy for utility scale
applications."

The Company plans to announce its third quarter 2012 results via a conference
call at6:30 a.m. ETon November 20, 2012. Conference call details may be
found via the separate announcement available at the Investors Center of the
Company's website atwww.trinasolar.com.

About Trina Solar Limited

Trina Solar Limited (NYSE:TSL) is a leading manufacturer of high quality
modules and has a long history as a solar PV pioneer since it was founded in
1997 as a system installation company. Trina Solar is one of the few PV
manufacturers to have developed a vertically integrated business model, from
the production of monocrystalline and multicrystalline silicon ingots, wafers
and cells to the assembly of high quality modules. Trina Solar's products
provide reliable and environmentally-friendly electric power for a growing
variety of end-user applications worldwide. For further information, please
visit Trina Solar's website at www.trinasolar.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to, the
Company's ability to raise additional capital to finance the Company's
activities; the effectiveness, profitability and marketability of its
products; the future trading of the securities of the Company; the Company's
ability to operate as a public company; the period of time for which the
Company's current liquidity will enable the Company to fund its operations;
general economic and business conditions; demand in various markets for solar
products; the volatility of the Company's operating results and financial
condition; the Company's ability to attract or retain qualified senior
management personnel and research and development staff; and other risks
detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the Company and the industry in which the Company
operates. The Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law. Although the Company
believes that the expectations expressed in these forward looking statements
are reasonable, it cannot assure you that such expectations will turn out to
be correct, and the Company cautions investors that actual results may differ
materially from the anticipated results.

For further information, please contact:
Trina Solar Limited

Terry Wang, CFO                                Brunswick Group

Phone: + (86) 519-8548-2009 (Changzhou)        Michael Fuchs

Thomas Young, Vice President, Investor         Phone: + (86) 10-6566-2256
Relations
                                               Email: trina@brunswickgroup.com
Phone: + (86) 138-6118-3779 (Changzhou)

Email: ir@trinasolar.com





SOURCE Trina Solar Limited

Website: http://www.trinasolar.com
 
Press spacebar to pause and continue. Press esc to stop.