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Yingli reaffirms 2009 shipment outlook
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NEW YORK - China-based solar-cell maker Yingli Green Energy Holding Co. said Friday it expects 2009 shipments of photovoltaic modules, which are used in solar panels, will be betwen 550 and 600 megawatts, disputing what it called erroneous news reports that shipments will reach 400 megawatts.
These estimates are subject to a ramp up of an additional 200 megawatts in the third quarter of 2009, it said.
Yingli also said its 2009 gross margin will be at least 24 percent.
Its American depositary shares gained one cent to $3.87 in Friday morning trading.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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