Yingli Green Energy Holding Co. (YGE) said it expects to report a surprise drop in shipments for the first quarter

DOW JONES NEWSWIRES

Yingli Green Energy Holding Co. (YGE) said it expects to report a surprise drop in shipments for the first quarter from the fourth quarter because of subsidy policy changes in Italy, joining other companies in the solar-energy sector that have warned of disappointing results in recent days.

The Italian government announced in early March that it planned to reduce feed-in tariffs for solar power systems and disclosed the final policy early this month, a move that has weighed on companies across the sector. At the same time, severe winter weather conditions in Germany also had a negative effect on market demand in the period, Yingli said.

The company said shipments in the period likely decreased by a low teen percentage from the fourth quarter, compared with the previous estimate for a mid-single-digit increase. Gross margin is projected at 27% to 27.5%, down from the earlier estimate of 30% to 31%.

Yingli said it expects to deliver certain of the delayed orders in the second quarter and estimates that shipments in that period will increase by more than 30% from the first quarter.

Shares of the company, which expects to report results May 20, slipped 2.2% to $11.11 in premarket trading; they are up 15% so far this year.

YingLi 60W Polycrystalline Solar PV Module

YingLi 60W Polycrystalline Solar PV Module: "60W Polycrystalline Solar PV Module



YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity, low iron, 3mm tempered glass and come in a heavy duty anodised aluminium frame which provides high wind resistance and convenient mounting access. Modules are manufactured in accordance with IEC 61215, and come with 25 years limited output guarantee."

YingLi 50W Polycrystalline Solar PV Module

YingLi 50W Polycrystalline Solar PV Module: "50W Polycrystalline Solar PV Module


YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity, low iron, 3mm tempered glass and come in a heavy duty anodised aluminium frame which provides high wind resistance and convenient mounting access. Modules are manufactured in accordance with IEC 61215, and come with 25 years limited output guarantee."

YingLi 20W Polycrystalline Solar PV Module

YingLi 20W Polycrystalline Solar PV Module: "20W Polycrystalline Solar PV Module



YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity, low iron, 3mm tempered glass and come in a heavy duty anodised aluminium frame which provides high wind resistance and convenient mounting access. Modules are manufactured in accordance with IEC 61215, and come with 25 years limited output guarantee"

YingLi 30W Polycrystalline Solar PV Module

YingLi 30W Polycrystalline Solar PV Module: "30W Polycrystalline Solar PV Module



YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity, low iron, 3mm tempered glass and come in a heavy duty anodised aluminium frame which provides high wind resistance and convenient mounting access. Modules are manufactured in accordance with IEC 61215, and come with 25 years limited output guarantee."

YingLi 40W Polycrystalline Solar PV Module

YingLi 40W Polycrystalline Solar PV Module: "40W Polycrystalline Solar PV Module



YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity, low iron, 3mm tempered glass and come in a heavy duty anodised aluminium frame which provides high wind resistance and convenient mounting access. Modules are manufactured in accordance with IEC 61215, and come with 25 years limited output guarantee"

YingLi 10W Polycrystalline Solar PV Module

YingLi 10W Polycrystalline Solar PV Module: "10W Polycrystalline Solar PV Module


YingLi provides high quality, cost competitive photovoltaic (PV) modules which are manufactured in China using industry standard components and material accordance with IEC 61215 and come with 25 years limited warranty. Main product range includes both monocrystalline and polycrystalline solar PV modules which range from 5W to 180W. Cells are laminated between high transmissivity,"