Yingli Green raises its shipments projections for Q2
Aug 3, 2011 - Chinese Yingli Green Energy Holding Co Ltd (NYSE:YGE) today lifted its photovoltaic (PV) module shipments guidance for the second quarter of 2011 to an increase of 35% to 37% on the previous quarter.
The solar energy firm previously expected shipments to increase by over 30%. In the first quarter of the year, shipments were down by a low teen percentage due to feed-in tariff reductions in Italy.
Yingli reiterated its earlier forecast for a second-quarter gross margin in the low to middle twenties percentage. Gross margin in the first quarter stood at 27.3%.