Trina Solar posts another loss on weak panel prices

Tue Nov 20, 2012 5:41am EST

Nov 20 (Reuters) - Chinese solar panel maker Trina Solar Ltd reported its fifth straight quarterly loss on weak panel prices.

The company's net loss widened to $57.5 million, or 81 cents per American depositary share (ADS), in the third quarter, from $31.5 million, or 45 cents per ADS, a year earlier.

Revenue fell 38 percent to $298 million.

Profits have disappeared at solar companies after prices crashed due to an oversupply of panels caused by a fall in demand in top market Europe and rapid capacity expansion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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