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What: Shares of Yingli Green Energy
So what: Revenue jumped 36% to $667.7 million, but gross margins fell to 10.8% from 22.1% in the second quarter as low sales prices weighed on earnings. But on an adjusted basis, earnings per share surprised analysts, reaching $0.14 per share, exceeding the $0.02 loss they had expected.
Now what: There is still a lot of uncertainty for Chinese solar manufacturers considering the vast oversupply in the industry and a European debt crisis hanging over the biggest market. But Yingli is one of the strongest Chinese manufacturers and could emerge a winner when an industry shakeout is complete. That said, I'm not rushing out to buy shares today and would stick with U.S.-based SunPower
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