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    688599   CNE100003ZR0

TRINA SOLAR CO., LTD

(688599)
  Report
End-of-day quote Shanghai Stock Exchange  -  2023-02-05
65.89 CNY   -0.71%
02/05Trina Solar Wins Nod to Issue 5.25 Billion Yuan Bonds
MT
02/02MA/Trina Solar publishes white paper on 210mm n-type i-TOPCon advanced technology, and upgraded Vertex N 605W/695W leads among utilities by high value
AQ
01/27Trina Solar publishes white paper on 210mm n-type i-TOPCon advanced technology
AQ
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Trina Solar scores 100% in 2022 BNEF Bankability Survey

11/23/2022 | 08:23am EST

Trina Solar has been awarded as bankable by all survey respondents in the PV Module and Inverter Bankability 2022 report issued by BloombergNEF. With this report, Trina Solar is now the only module manufacturer to be rated as bankable for 7 consecutive years by 100% of the industry respondents participating in the annual BloombergNEF survey.

The BloombergNEF PV Module and Inverter Bankability 2022 also cited the annual photovoltaic module reliability scorecard report issued by the internationally authoritative certification body, PV Evolution Labs (PVEL). The PVEL report affirmed the outstanding performance of Trina Solar's modules in terms of reliability and power generation capacity. The company was once again named the world's Top Performer module manufacturer.

In addition, there is an obvious rise in acceptance for modules manufactured with 210mm cells. The report shows that the industry has quickly accepted 210mm dimensions, with 96% of respondents this year considering 210mm modules bankable. Trina Solar 600W+ ultra-high-power modules, created upon the 210mm product technology platform, follow the LCOE-oriented principle and deliver lower LCOE and greater value to customers.

Recently, Trina Solar has released the Vertex N 595W, with increased power of 30W and increased efficiency of up to 22%, and Vertex N 690W, with increased power of 70W over reference n-type modules in the market and increased efficiency of up to 22.2%. Trina Solar is committed to meeting customers' needs by delivering settings-based solutions. As a result of its low voltage design, the Vertex N 595W module is highly compatible with the trackers by fully utilizing the length of the tracker. Vertex N 690W module is the best choice for utility-scale power stations for offering lower LCOE.

The BloombergNEF report says that a company's financial health, record of its modules in the field, and manufacturer warranties are important indicators for financial institutions in their evaluation of PV manufacturers' bankability. It contacts banks, EPCs, independent power providers, and technical advisers worldwide and conducts in-depth interviews with quality inspectors and technology experts. The survey coverage is thus wide and the evaluation is open and transparent. As one of the most credible third-party research institutions in the global new energy market, the report is seen as an invaluable reference for business credit at many financial institutions.

As a leading global PV and smart energy total solution provider, Trina Solar is committed to bringing its product advantages and working with global partners to lead the way in smart solar energy solutions for a net-zero future.

Contact:

United States

7100 Stevenson Blvd

Fremont, CA 94538

Phone: +1 800 696 7114

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about TRINA SOLAR CO., LTD
02/05Trina Solar Wins Nod to Issue 5.25 Billion Yuan Bonds
MT
02/02MA/Trina Solar publishes white paper on 210mm n-type i-TOPCon advanced technology, and ..
AQ
01/27Trina Solar publishes white paper on 210mm n-type i-TOPCon advanced technology
AQ
01/16Trina Solar maintains AAA ranking in latest PV ModuleTech bankability ratings
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01/12Trina Solar US Announces 6.5GW Solar Wafer Facility Online in 2023
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01/11TrinaTracker Inks Project with Samsung C&T for Largest Solar Project in Qatar
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01/10Trina Solar Sees Up to 123% Jump in 2022 Profit
MT
01/09Trina Solar's 210mm n-type i-TOPCon Cells Roll Off Production Line
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01/09Longyuan Mingzhu Technology announced that it expects to receive funding from Trina Sol..
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2022Trina Solar Chairman Gao Jifan : Building new ecosystem in new era, n-type modules reachin..
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More news
Financials
Sales 2022 84 605 M 12 457 M 12 457 M
Net income 2022 3 641 M 536 M 536 M
Net Debt 2022 7 000 M 1 031 M 1 031 M
P/E ratio 2022 39,2x
Yield 2022 0,58%
Capitalization 143 B 21 046 M 21 046 M
EV / Sales 2022 1,77x
EV / Sales 2023 1,34x
Nbr of Employees 17 586
Free-Float 37,8%
Chart TRINA SOLAR CO., LTD
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Technical analysis trends TRINA SOLAR CO., LTD
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 65,89 CNY
Average target price 90,55 CNY
Spread / Average Target 37,4%
EPS Revisions
Managers and Directors
Ji Fan Gao Chairman & Chief Executive Officer
Sen Wu Chief Financial Officer
Yan Hong Jiang Chairman-Supervisory Board
Wei Liu Independent Director
Bai Ling Jiang Independent Director
Sector and Competitors