Yingli Green Energy Holding Co. Ltd. (YGE), also known as Yingli solar is a China-based solar panel manufacturer. It continues to witness a growing order book but with weakness seen in Chinese solar market, Yingli Green may be affected adversely.
Yingli Green reported its fourth-quarter 2014 results today. We have mentioned below some of the vital information from this just-revealed announcement:
Yingli Green Reports an Earnings Miss
Our consensus called for fourth quarter net loss of 14 cents, and the company reported net loss of 48 cents.
Revenues Miss Estimates
Yingli Green posted revenues of $555.5 million in fourth quarter, compared to our consensus estimate of $602 million.
Key Stats to Note
The company expects total PV module shipments to be in the range of 3.6 GW-3.9 GW in fiscal 2015.
Earnings Estimates
Investors should also take into account the recent earnings estimate revisions for Yingli Green. The Zacks Consensus Estimate has remained stable over the last 7 days.
Zacks Rank
Currently, Yingli Green has a Zacks Rank #3 (Hold), but that could definitely change following earnings report which was just released.
Check back later for our full write up on Yingli Green earnings report later!
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