শনিবার, ১৭ নভেম্বর, ২০১২

China Solar Stocks Hit as Anti-dumping Adjustments Results in Negative Gross Margin

Stocks in the solar sector are under pressure again on Friday after Yingli Green Energy (NYSE: YGE) announced its preliminary financial results for the quarter.

Yingli said it expects a 17 percent drop in shipments in the third quarter.

In addition, according to the final rulings by the United States International Trade Commission regarding the import of Chinese PV cells and modules to the U.S., the Company expects to reverse the preliminary countervailing and anti-dumping duties provision recognized in the first quarter of 2012. As a result, the Company expects its gross margin in the third quarter of 2012 to be in the range of negative 22% to 24%.

Excluding the impact of anti-dumping provision, Yingli expects its gross margin of PV modules in the third quarter of 2012 to be in the range of 0% to 1%.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) is lower by 9 percent.

Shares of Trina Solar Limited (NYSE: TSL) are down 10 percent.

LDK Solar Co. (NYSE: LDK) is lower by 7 percent.

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) is down 8.75 percent.

First Solar, Inc. (Nasdaq: FSLR), which is not affected by the anti-dumping provisions, is lower by 1.5 percent.


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Source: http://www.streetinsider.com/Insiders+Blog/China+Solar+Stocks+Hit+as+Anti-dumping+Adjustments+Results+in+Negative+Gross+Margin/7886514.html

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