Canadian Solar shipments top forecast, Yingli lags
REUTERS - Canadian Solar said on Tuesday it shipped more solar panels in the fourth quarter than it previously expected, while its rival Yingli Green Energy warned its sales fell short of its forecast.
A steep 50 percent drop in prices of solar panels during 2011 left many manufacturers scrambling to sell a glut of supplies at the end of the year, and prompted many companies to run factories at reduced levels.
