Trina Solar Co Ltd Class A 688599

Morningstar Rating
CN¥10.99 +0.19 (1.76%)
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Company Report

Trina Remained Under Pressure from Industry Oversupply

Trina Solar is one of the four largest Chinese solar module producers. Like its competitors, Trina embraced a vertically integrated model covering wafer, cell, and module production. However, it maintains the lowest level of vertical integration among its leading competitors. By maintaining a smaller solar wafer capacity, Trina retains the flexibility to manage volatile input costs while staying asset-light compared with its fully integrated peers.

Price vs Fair Value

688599 is trading at a LOCK|Fv@Qj& premium.
Price
CN¥10.99
Fair Value
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Uncertainty
LOCK|>C
1-Star Price
LOCK|.#Z
5-Star Price
LOCK|.$F
Economic Moat
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Capital Allocation
LOCK|$@sC!Hg

Bulls Say, Bears Say

Bulls

Trina is less affected by the drop in solar module prices than its competitors, thanks to a diversified business portfolio.

Bears

Trina's solar module shipment declines more than expected amid falling solar installation in 2026.

News

Trading Information

Previous Close Price
CN¥10.80
Day Range
CN¥10.77–11.12
52-Week Range
CN¥10.54–24.26
Bid/Ask
CN¥10.99 / CN¥11.00
Shares Outstanding
2.34B
Market Cap
CN¥25.74B
Volume/Avg
26M / 31M

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
0.36
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Trina Solar is one of the top four Chinese solar module producers. Trina's products are available in over 170 countries and regions. The company operates a vertically integrated production process, spanning solar wafers, cells, and modules.
Sector
Technology
Industry
Solar
Stock Style Box
Mid Value
Total Number of Employees
24,840

Competitors

Valuation

Metric
688599
601012
002459
Price/Earnings (Normalized)
———
Price/Book Value
1.241.751.13
Price/Sales
0.361.310.52
Price/Cash Flow
5.8514.566.03
Price/Earnings
688599
601012
002459

Financial Strength

Metric
688599
601012
002459
Quick Ratio
0.600.910.68
Current Ratio
1.101.281.13
Interest Coverage
−2.99−7.77−3.04
Quick Ratio
688599
601012
002459

Profitability

Metric
688599
601012
002459
Return on Assets (Normalized)
−6.19%−5.38%−5.57%
Return on Equity (Normalized)
−33.58%−15.06%−25.84%
Return on Invested Capital (Normalized)
−9.09%−8.46%−7.35%
Return on Assets
688599
601012
002459

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Morningstar Rating for Stocks
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Economic Moat
Market Cap
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LOCK|RX^R?tLOCK|s&$18B
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LOCK|N>$<^jLOCK|j!$12B
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LOCK|#&mh%VLOCK|^P@$4B
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FGSGF
—LOCK|tgm$3B
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—LOCK|jZC$2B
SMA Solar Technology AG ADR
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—LOCK|C?v$2B
Xinyi Solar Holdings Ltd
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—LOCK|P?F$2B
Xinyi Solar Holdings Ltd ADR
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—LOCK|&W?$2B
SolarEdge Technologies Inc
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LOCK|w&PLOCK|#$j$2B

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