| Yingli Green (YGE) Q2 Preliminary Results: Margins Shrink | |
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Solar panel manufacturer, Yingli Green Energy Holding Co. Ltd. YGE announced preliminary second-quarter 2015 results and its earnings release date. The company will announce its earnings results before the opening bell on Sep 8, 2015.
Per initial data, Yingli Green projects second quarter 2015 module shipments in the range of 720–730 megawatt (“MW”), within the earlier guided band. Module shipments in the second quarter of 2014 were 887.9 MW. As for margins, Yingli Green did not offer an encouraging figure given the decline in the average selling price of PV modules. A variety of factors leading to a rise in manufacturing cost, including lower capacity utilization, also acted as a drag on margins.
The company estimates that its overall gross margin in the second quarter of 2015 will be in the range of 6–7%, compared with 14.1% recorded in the first quarter of 2015 and 15.6% clocked in the prior-year quarter. The gross margin for the sale of PV module is estimated in the range of 7–8%.
Yingli Green hinted that apart from a drop in the average selling price of PV modules, higher shipments to China also had an adverse impact on the company’s total net revenues for the to-be-announced quarter.
Accounting for the changes that took place in the second quarter, Yingli Green will provide a revised guidance for 2015 shipments when it announces its second quarter results. Until the first quarter earnings call, 2015 PV shipment was projected at 3.6 gigawatts.
As it is, Yingli Green’s “substantial indebtedness” revealed in its 2014 Annual Report is a major headwind that the company has to deal with. The company recently received a notice from NYSE about its non-compliance with the stock exchange’s price criteria for continued listing standard.
Substantial indebtedness along with the company’s inability to report in the green for the past few quarters and now falling margins signal more trouble ahead for the company.
Zacks Rank
Yingli Green currently has a Zacks Rank #3 (Hold). Stocks that are currently better placed in the solar industry are JA Solar Holdings Co., Ltd. JASO, ReneSola Ltd. SOL and SolarEdge Technologies, Inc. SEDG. All three stocks sport a Zacks Rank #1 (Strong Buy).
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Yingli Green Energy Holding Co. Ltd.
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CODE : YGE |
ISIN : US98584B1035 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Yingli Green est une société basée en Chine. Yingli Green est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 261,7 millions US$ (224,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 mai 2009 à 9,62 US$, et son plus bas niveau récent le 30 novembre 2012 à 1,25 US$. Yingli Green possède 181 764 000 actions en circulation. |