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Trina Solar sees revenues soar 113.4% in Q4

Trina Solar has reported a 113.4% increase in total net revenues to $216.3 million for the fourth quarter (Q4) of 2008 and a 140.9% jump in solar module shipments to 57.59 MW.

Gross profit for the quarter reached $20.8m and the net loss amounted to $0.7m.

For the full year, Trina Solar recorded total net revenues of $831.9m, up 175.6%, and solar module shipments of 201.01 MW, up 164.8%. The gross profit increased 143.2% to $164.4m and net income rose 71.7% to $61.4m.

For 2009, Trina Solar predicts first quarter shipments of photovoltaic (PV) modules of 50-55 MW and a gross margin of 15-17%. For the full year, the company expects PV module shipments of 350-400 MW, a 74-99% increase over 2008.

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Photovoltaics (PV)  •  Solar electricity