Feb 21 Yingli Green Energy sees a greater-than-expected fall in shipments in the fourth quarter amid a challenging solar market.
The Chinese solar module maker said it expects photovoltaic module shipments to fall by 30 percent from the third quarter. The company had earlier forecast a decrease of low to mid-20s percent.
However, Yingli backed its full-year shipment outlook of 1,580 megawatt to 1,630 megawatt.
The company estimates its fourth-quarter gross margins, including a non-cash inventory provision, to be about 3 percent, lower than its prior outlook of 10 percent.
Excluding the non-cash inventory provision, the company expects gross margins to be 12 percent.
Yingli Shares closed at $4.81 on Tuesday on the New York Stock Exchange.
RPT-UPDATE 1-With healthcare bill dead, U.S. Republicans turn to taxes
WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.