Yingli – until last year the world’s biggest supplier of modules before being toppled by Chinese compatriot Trina Solar – saw its shares plunge in New York following the warning, which related to its ability to service its debts.
The company’s shares ended trading on Tuesday at $0.94, not far short of half the $1.67 they began the week at.
In a hastily-convened conference call with financial analysts today, Yingli insisted it is “optimistic and confident” in its ability to survive and thrive in the global solar market, with the earlier statement “taken and interpreted out of context in some media coverage”.
It
