Yingli expects to miss forecast in Q4

Chinese solar panel maker Yingli Green Energy Holding on Tuesday warned that it would miss its fourth quarter gross margins forecast due to disposal of low-efficiency cell inventory and tax adjustments.

The company estimated overall gross margins to be between 12-13 percent for the quarter ended December 31, down from its earlier forecast of 14-16 percent.

Yingli also estimated an 11-12 percent rise in panel shipments in the fourth quarter from the third, above its previous forecast of a mid- to high-single digit percent increase.

The company is scheduled to report fourth-quarter results on March 18.