Yingli Green Energy Warns On Q1, Solar Stocks Fall

April 11, 2014 by  
Filed under Green Energy News

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Fri, Apr 11 2014 00:00:00 E
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Solar energy stocks were down on Friday after Yingli Green Energy Holding (YGE), the world’s biggest solar panel maker, warned that Q1 shipments would be lower than expected, due to soft seasonal demand in China and a project delay in Algeria.

U.S.-listed shares in Yingli were down 3% in early afternoon trading on Friday, after Thursday’s sell-off in technology stocks. China Sunergy (CSUN) fell 6%, while SunPower (SPWR) slipped 4% in the stock market today.

Other solar stocks were less impacted by Yingli’s pre-announcement. Trina Solar (TSL) was down nearly 1% and ReneSola (SOL) was down a fraction.

A bicycle parking area is covered with solar panels outside the Yingli Solar factory in Baoding city of Hebei Province, China.

A bicycle parking area is covered with solar panels outside the Yingli Solar factory in Baoding city of Hebei Province, China. View Enlarged Image

IBD’s energy-solar group is ranked No. 5 out of 197 industry sectors.

Yingli Green Energy, in a statement, said it expects Q1 shipments to fall more than 30%, a bigger decline than its earlier guidance in the mid-20 range. The solar panel maker kept its full-year guidance.

“Based on global market developments and, in particular, robust demand from China, U.S., Japan and other markets, the company reiterates its PV (photovoltaic) modules shipment guidance of 4 gigawatts to 4.2 GW for fiscal year 2014,” the company said.

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