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Trina Solar Limited Message Board

  • greenenergy111 greenenergy111 Nov 21, 2011 5:58 PM Flag

    Short term borrowing rise agin another 68 million

    TSL now has 411 million in short term debt. my word
    The Company increased its short-term borrowings by $68.5 million to approximately $411.5 million as of September 30, 2011 .

    Shareholders' equity was $1.21 billion as of September 30, 2011 , a decrease from $1.24 billion at the end of the second quarter of 2011.

    Fourth Quarter and Fiscal Year 2011 Guidance

    For the fourth quarter of 2011, the Company expects to ship between 320 MW to 350 MW of PV modules.

    The Company believes its overall gross margin, taking into account wafer and cell requirements outsourced to third party suppliers to meet demand in excess of its internal capacity, for the fourth quarter will be approximately 10%. Such guidance is based on the exchange rate between the Euro and U.S. dollar as of November 21, 2011 . Based on its demand outlook for the fourth quarter of 2011, the Company has revised its outlook for the full year 2011 PV module shipment to approximately 1.4 GW, representing an increase of approximately 32.5% from 2010, compared to the Company's previous guidance of between 1.75 GW to 1.8 GW.

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