- Yingli Green Energy (NYSE:YGE) +33.1% premarket after saying it expects that its Q1 net income turned positive for the first time since Q3 2011, with an estimated net margin of 2.5%-4.5%.
- YGE says its Q1 PV module shipments likely totaled 500-510 MW, at the high end of its previous guidance of 480-510 MW.
- YGE also estimates that its Q1 overall gross margin was in the 18.5%-20.5% range, a significant Q/Q increase, primarily due to the higher average selling price of its PV modules because of a higher proportion of shipments to Japan, where the selling price generally is higher than in other markets.