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Trina Solar Boosts Forecast as Profit Reaches Four-Year High

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Trina Solar Ltd., the biggest supplier of solar panels, posted its biggest profit in four years as surging demand prompted the company to boost its shipment forecast by as much as 16 percent.

Net income attributable to Changzhou, China-based Trina was $40.9 million, or 42 cents an American depositary receipt, in the second quarter, up from $10.7 million, or 14 cents, a year earlier, according to a statement Tuesday. That was the most since 2011 and almost double the 25-cent average of eight analysts’ estimates compiled by Bloomberg.