Yingli Green Energy Holding Co. Ltd. or Yingli Solar, expects to “maintain a positive momentum into the second quarter”, as revealed in its preliminary financial results. The company is scheduled to report second-quarter results on Aug 23, before the opening bell.
In its preliminary financial results, Yingli Solar revealed that its shipments in the second quarter will surpass expectations. Photovoltaic (“PV”) module shipments (including shipments to the company's own downstream PV projects) are now expected in the range of 630 megawatts (“MW”) to 660 MW, higher than its earlier forecast of 580–620 MW. The figure also indicates an increase from total PV module shipment of 508.1 MW in the first quarter.
However, Yingli Solar expects overall gross margin for the second quarter to be in the range of 17–19%, indicating a slight decrease from 20% recorded in the first quarter. This would mainly be attributable to sequentially lower average selling prices of the company's PV modules in the second quarter as a result of a higher proportion of shipment to China, where prices are usually lower than every other market. The company anticipates net profit margin of 2.5–3.5% for the quarter.
This outlook is based on the company's preliminary review of operations for the second quarter. Depending on management's ongoing review, these expectations may change.
Yingli Green Energy is a leading vertically integrated manufacturer of photovoltaic products based in China. The company manufactures the entire PV value chain, including ingot casting and wafering, solar cell production and solar panel assembly.
However, the company faces stiff competition from the likes of ReneSola Limited (SOL - Free Report) , JA Solar Holdings Co., Ltd. and Canadian Solar Inc. (CSIQ - Free Report) among others.
Currently, Yingli Green Energy has a Zacks Rank #2 (Buy).
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Yingli Green Energy Holding Co. Ltd. or Yingli Solar, expects to “maintain a positive momentum into the second quarter”, as revealed in its preliminary financial results. The company is scheduled to report second-quarter results on Aug 23, before the opening bell.
In its preliminary financial results, Yingli Solar revealed that its shipments in the second quarter will surpass expectations. Photovoltaic (“PV”) module shipments (including shipments to the company's own downstream PV projects) are now expected in the range of 630 megawatts (“MW”) to 660 MW, higher than its earlier forecast of 580–620 MW. The figure also indicates an increase from total PV module shipment of 508.1 MW in the first quarter.
However, Yingli Solar expects overall gross margin for the second quarter to be in the range of 17–19%, indicating a slight decrease from 20% recorded in the first quarter. This would mainly be attributable to sequentially lower average selling prices of the company's PV modules in the second quarter as a result of a higher proportion of shipment to China, where prices are usually lower than every other market. The company anticipates net profit margin of 2.5–3.5% for the quarter.
This outlook is based on the company's preliminary review of operations for the second quarter. Depending on management's ongoing review, these expectations may change.
Yingli Green Energy is a leading vertically integrated manufacturer of photovoltaic products based in China. The company manufactures the entire PV value chain, including ingot casting and wafering, solar cell production and solar panel assembly.
However, the company faces stiff competition from the likes of ReneSola Limited (SOL - Free Report) , JA Solar Holdings Co., Ltd. and Canadian Solar Inc. (CSIQ - Free Report) among others.
Currently, Yingli Green Energy has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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