Trina Solar Cuts 2011 Panel Shipments on Tight European Finance
Trina expects to deliver 1,400 megawatts of solar panels this year, down from August guidance of 1,750 megawatts to 1,800 megawatts, the Changzhou, China-based company said today in a statement.
Trina plans to release third-quarter results after the close of regular U.S. trading on Nov. 21 and will discuss them with analysts and investors on a conference call at 5 p.m. in New York.
Trina was up 9 cents to $8.14 at 9:09 a.m. in premarket trading in New York. The shares have declined 66 percent this year, compared to the Standard & Poor’s 500 Index 1.6 percent decline over the same period.
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