Further Indication of Massive Drop in PV Prices
Yingli Enery Holding Company, China's largest PV Producer, producing 450-500 Megawatts this year, has declared a loss on unchaged production. Add this to Spains. PV market drop and we are see ing the affect of PV Overall Prices coming down. -Editor NEW YORK (AP) — Solar cell maker Yingli Green Energy Holding Co. on Wednesday posted a second-quarter loss driven by one-time charges, sending shares tumbling in premarket trading. Shares of Yingli fell 12.5 percent, or $1.47, to $10.27. The Baoding, China-based company reported a loss of 393.7 million Renminbi ($57.6 million), or 3.03 Renminbi per American Depository Share (44 cents per ADS), compared with earnings of $203.9 million Renminbi, or 1.57 Renminbi per ADS ,during the same period last year. Results include charges related to debt extinguishment and derivative liabilities. Excluding one-time items, adjusted earnings amounted to 119.8 million Renminbi ($17.5 million), or 0.91 Renminbi per ADS (14 cents per ADS). An...