Along with LDK Solar (LDK), it wasn’t a good day for Yingli Green Energy (YGE) on Friday as the stock plunged with heavy volume after missing earnings estimates.  The stock appears headed for a test of the 2010 lows which is the case for many of the China solar stocks. 

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The company reported an EPS of .38/share on revenues of $527 million which represents strong quarter over quarter growth of 65% and 47% respectively, but those number misses the analyst estimates of .39/share on revenues of $573 million.  That was enough to send the stock on another tumble as solar investors continue to punish the stocks on any hint of bad news. 

Here are some highlights of comments made by CEO Liansheng Miao:

– experienced sudden slowdown in Europe due to FIT uncertainty in Italy and severe weather in Germany

– still confident it can achieve full year shipment guidance of 1.7 – 1.75GW

– despite fluctuations, still sees Europe as most important market

– demand in Europe shifting from ground mounted to roof top

– continuing to expand in US with record quarter of 50MW

– with the Chinese government set to continue an aggressive solar expansion, they believe China will evolve into the largest and most important solar market in the world

– going after frontier markets in SE Asia, South America and the Middle East