The solar industry's bad earnings news won't let up. Yingli (YGE -8.3%) is the latest culprit,...

|About: Yingli Green Energy Holding... (YGE)|By:, SA News Editor

The solar industry's bad earnings news won't let up. Yingli (YGE -8.3%) is the latest culprit, warning it expects to report a 17% Q/Q drop for Q3 module shipments on Nov. 28, something that doubtlessly means Yingli's prior guidance for a 31%-37% Y/Y increase in 2012 shipments won't hold. Gross margin is expected to total just 0%-1% if one doesn't include the reversal of a provision related to the ITC's anti-dumping duties, and -22% to -24% if one does. Solar stocks are selling off again (TAN -3%), capping off a brutal week. (Canadian Solar)