(Reuters) - Yingli Green Energy Holding Co Ltd, a China-based solar panel maker, boosted its second-quarter module shipment outlook and backed its gross margin forecast.
The solar market is expected to have bottomed in the second quarter after pullbacks in solar subsidies in the world's No. 2 market Italy stalled development of projects there, creating an oversupply of solar panels in the market and sparking a more than 20 percent drop in prices.
Yingli expects April-June photovoltaic module shipments to increase by 35-37 percent over the January-March quarter, compared with its prior forecast of more than 30 percent increase.