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Yingli Green Energy Lowers PV Module Shipment Guidance

By Insider Scoop
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Courtesy of Benzinga.

Yingli Green Energy Holding Company Limited (NYSE: YGE) today updated its guidance for the third quarter of 2011.

Based upon preliminary data, the Company now expects its PV module shipments for the third quarter of 2011 to increase by a low twenties percentage quarter over quarter, compared to its previously provided guidance of a high twenties percentage increase in shipments quarter over quarter.

Also the Company estimates its overall gross margin for the third quarter of 2011, including a non-cash inventory provision of approximately USD$40 million, to be in the range of 10% to 11%, compared to its previously provided guidance of a middle to high-teen percentage. Excluding the non-cash inventory provision, the Company estimates that its overall gross margin would be in the range of 16% to 17%.

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