Price Declines Negate Excess Shipments in Second Quarter; Fair Value Unchanged
Yingli reported second-quarter earnings this week, with revenue up 3% over the prior quarter. According to the company, the increase in revenue could be traced back to the surplus in shipments of photovoltaic, or PV, modules. Yingli notes that shipment increases were partially offset by decreased closing prices for its PV modules sold in China. The country is one of many markets that witnesses price suppression due to increased competition. Despite downward price pressure, the company reported t...
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