Trina Solar sees growth in Japan, Australia, and India markets

China's Trina Solar forecasts a stronger second half helped by increasing orders from new markets after last quarter's demand slump in Germany and Italy.

"We see opportunities in promising markets such as Japan, Australia, India and the Middle East for the rest of 2011 and beyond," a company executive said on a conference call.

Trina's stock fell to its lowest in about two years early on Tuesday morning, but recouped losses to trade up 13 percent at $14.77 at midday, making it one of the top percentage gainers on the New York Stock Exchange. The MAC Solar companies index was up 7 percent.

Solar companies are looking at China, India and the United States to drive future growth. Kleinwort Benson Investors predicts China will be the biggest solar market in three years, followed by the United States.

The low-cost solar panel manufacturer expects to ship 480-520 megawatt (MW) of PV modules this quarter, up from 396 MW in the second quarter -- echoing the brighter outlook from peers Suntech Power Holdings Co Ltd, Yingli Green Energy, JinkoSolar Holding Co and ReneSola Ltd.

The full story is available at Reuters.