UPDATE: Yingli Green Energy Reports Guidance, Expects Q2 PV Module Shipments Up 35%-37% from Q1; Sees 2Q Gross Margin In Low-Mid 20%

Yingli Green Energy Holding Company Limited YGE today updated its guidance for the second quarter of 2011. Based upon preliminary data, the Company now expects its PV module shipments for the second quarter of 2011 to increase by the range of 35% to 37% quarter over quarter, compared to its previously provided guidance of a more than 30% increase in shipments quarter over quarter. Additionally, the Company reaffirms its previously provided guidance of a low to middle twenties percentage gross margin for the second quarter of 2011.