PV manufacturer Yingli posts $150 million loss in Q3

Fresh from bagging its largest supply deal, vertically integrated photovoltaic manufacturer Yingli Green Energy has announced that it posted a $152.6 million loss in the third quarter of 2012. Some photovoltaic manufacturers have reported narrowing losses in Q3 but Yingli’s loss was an increase compared to its second quarter performance when its modules shipments fell 16.9 per cent. Yingli CEO Liangsheng Miao said despite the loss they are expecting to bounce back on their full-year shipments to reach 2.1 to 2.2 GW.

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