| Solar Maker Yingli Green Energy Posts Big Loss | |
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Chinese solar photovoltaic (PV) manufacturer Yingli Green Energy Holding Co. Ltd. (YGE) posted second-quarter 2015 results before markets opened on Tuesday. The company posted diluted an earnings per American depositary share (ADS) loss of $0.53, compared with a loss of $0.26 in the year-ago quarter and a consensus estimate for a loss of $0.22 per ADS. Revenues slipped year over year from $549.5 million to $438.1 million, well below the consensus estimate of $494.62 million. One ADS is equal to one ordinary share. On August 13, Yingli received a notice from the New York Stock Exchange that the company is not in compliance with an NYSE rule for continued listing because the stock’s share price has fallen below $1.00 per ADS for a period of 30 consecutive days. The company has six months from the date of the notice to regain compliance, and it has said that it would notify the NYSE that it intends to cure its price deficiency within the prescribed period. ALSO READ: Twelve Things Not to Do If You Win the Lottery Total PV module shipments (including 43.2 megawatts destined for PV systems of the company's own downstream PV projects) were 727.9 megawatts in the second quarter of 2015, compared to 754.2 megawatts in the first quarter of 2015 and 887.9 megawatts in the second quarter of 2014. As of June 30, 2015, Yingli had $92.7 million in cash and cash equivalents, compared to approximately $184.2 million as of March 31, 2015. The decrease in cash and cash equivalents was mainly due to the repayment of the medium-term notes in the principal amount of approximately $193.55 million due in May 2015. Yingli expects PV third-quarter module shipments in an estimated range of 550 to 580 megawatts and expects module shipments to be 2,500 megawatts to 2,800 megawatts for the fiscal year ending December 31, 2015. |
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Yingli Green Energy Holding Co. Ltd.
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CODE : YGE |
ISIN : US98584B1035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yingli Green is based in China. Yingli Green is listed in Germany and in United States of America. Its market capitalisation is US$ 261.7 millions as of today (€ 224.0 millions). Its stock quote reached its highest recent level on May 15, 2009 at US$ 9.62, and its lowest recent point on November 30, 2012 at US$ 1.25. Yingli Green has 181 764 000 shares outstanding. |