Trina Gains As Solar Shipments Beat Forecast, Margins Expand

Trina Solar Ltd., the biggest supplier of solar panels, rose the most in a year after shipments in the first quarter beat its own forecast by as much as 22 percent and margins increased.

 
The company delivered 1,026 megawatts of panels in the quarter, compared with a March forecast of 840 megawatts to 870 megawatts, and almost double the 558 megawatts shipped in the same period last year, Changzhou, China-based Trina said Thursday in a statement.
 
Global demand for solar panels is surging as prices fall and nations worldwide promote wider use of clean energy. That’s driving up sales at panel makers, and prompting many of them to expand production.