Trina Joins Yingli in Lowering First Quarter Shipment Guidance

Apr 11, 2014 4:50 pm ET

April 11 (Bloomberg) -- Trina Solar Ltd. cut its forecast for panel shipments, the second Chinese solar manufacturer to do so since yesterday.

Trina expect to ship 540 megawatts to 570 megawatts of solar panels in the first quarter, down as much as 23 percent from a forecast in March, according to a statement today.

Sales in Europe will slow until a trade dispute on import prices is resolved, and shipments will pick up once the terms are finalized, the Changzhou, China-based company said.

Yingli Green Energy Holding Co., the world’s largest solar manufacturer, which said yesterday that delays in delivering panels for a project in Algeria helped drive first-quarter shipments down “by low thirties percent” from the prior period. The company said in March that first-quarter shipments would decline in the mid-20 percent range.