Yingli Green Energy (YGE) on Wednesday lowered its guidance for solar module shipments this fiscal year, and its CEO cited financing challenges as one reason Q2 earnings missed expectations. Yingli stock was down nearly 5% in late-afternoon trading Wednesday, near 4. SunEdison (SUNE) and Canadian Solar (CSIQ) stocks were both down 1.5%, but some other solar stocks had better days. Trina Solar (TSL) was up 1.5% late in Wednesday’s session, though
Trina Solar early Tuesday posted Q2 revenue that missed Wall Street expectations as its solar-module shipments fell shy of views, sending its stock falling. Trina Solar (TSL) stock was down 8.5% in midday trading in the stock market today, near 12. Other China solar stocks also fell. Yingli Green Energy Holding (YGE) was down more than 5% in midday trading Tuesday, while ReneSola (SOL) was down more than 3%. Changzhou, China-based Trina reported
The U.S. Commerce Department issued preliminary anti-dumping tariffs of 26%-165% on imports of silicon solar photovoltaic cells and modules from China and Taiwan. It’s the latest win for U.S.-based solar product makers such as SunPower (SPWR), but a defeat for Chinese rivals. It also could mean higher prices for U.S. consumers. Trina Solar (TSL) will face an anti-dumping rate of 26.33%. Combined with anti-subsidy duties imposed last month, Trina