Trina Solar raises full-year revenue outlook

NEW YORK—Solar power company Trina Solar Ltd. raised its full-year revenue forecast Monday, saying it expects to sell more solar modules.

The Changzhou, China, company said it now expects to ship modules worth a total of 210 megawatts to 220 megawatts in power, bringing revenue of $850 million to $900 million. It previously forecast 200 MW to 210 MW in modules for the year, or $770 million to $808 million in revenue.

On average, analysts expected $795.5 million in revenue, according to Thomson Reuters.

For the third quarter, Trina is expecting to ship 62 MW to 66 MW of photovoltaic modules, and it called for revenue of $250 million to $265 million. Analysts expect an average of $225.8 million.

A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy.

The company also reported its second-quarter results Monday.

Trina shares rose 61 cents, or 2 percent, to $31.60 in morning trading.