China Knowledge reported that Yingli Green Energy Holding Co Ltd a vertically integrated photovoltaic product manufacturer in China expects its photovoltaic module shipments to increase by 35%QoQ to 37% QoQ in the second quarter of this year compared with the previously projected growth of 30%.
The Chinese PV product supplier reaffirmed its previous gross margin forecast of around 25% for 2011 second quarter. However, shares of the company fell to a two year low of USD 6.67 on August 3 on the New York Stock Exchange.
Analysts estimated that Yingli Green Energy earnings per American Depositary Share will be in the range of USD 0.10 to USD 0.15 in the second half of 2011.
