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Yingli Fourth-Quarter Shipments Surge as Solar Prices Slump

Yingli Green Energy Holding Co., the Chinese company that may become the biggest solar manufacturer, said shipments of panels surged at more than double its expected pace in the fourth quarter as prices fell.

Yingli expects fourth-quarter shipments to increase 40 percent from the third quarter, compared with an earlier forecast of a “low teen” gain, the Baoding, China-based company said in a statement today.