Chinese solar company Yingli Green Energy Holding (NYSE:YGE) saw a big increase in 4Q10 shipments, according to results released at the end of last week.
Revenue was up 61% ti RMB 4,066.2 million (US$616.1 million) and PV
module shipment increased by 21.6% quarter over quarter, reaching a record high.
The solar cell maker reported net income of 554.4 million renminbi (US$84.0 million) or 3.46 renminbi (US 52 cents) per American Depository Share–up from a loss of 117.2 million renminbi a year ago.
Full-year income was 1.4 billion renminbi (US$215.0 million), or 9.06 renminbi (US$1.37) per share. Net revenues climbed 72% to 12.5 billion renminbi (US$1.89 billion).
Yingli Green Energy said it expects PV module shipments to range from 1,700 MW to 1,750 MW for fiscal year 2011, which represents an increase of 60.1% to 64.8% compared to fiscal year 2010.
US solar company SunPower (Nasdaq: SPWRA)–a popular green investment–posted stronger than expected results at the end of last week.
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