Trina Solar Co. Ltd., a solar-panel maker, closed up 111% at its first trading day on the Nasqaq-like STAR market of the Shanghai Stock Exchange on Wednesday. It raised more than 2.3 billion yuan ($325 million) in the IPO.

Founded in 1997, and based in Jiangsu, Changzhou Trina’s major business interests center around the selling of photovoltaic modules and energy storage systems. The company was previously listed on the New York Stock Exchange but was delisted in 2017.

Trina is a leading global player in the solar-panel industry. Last year, the company’s photovoltaic module shipments totaled 10 gigawatts, equivalent to more than 8% of total global shipments of such products for the year, according to industry consultancy PV infoLink.

Last year, Trina reported profits of 640 million yuan on revenues of 23.3 billion yuan. The company said it would use the funds raised in the IPO to increase photovoltaic module production, as well as ramp up research efforts.

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Contact reporter Mo Yelin (yelinmo@caixin.com)

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