Yingli Green Energy Holding Company Limited (YGE) - NYSE
  • Tue, Jun. 14, 12:59 PM
    • Yingli Green Energy (YGE +8.7%) remains sharply higher after saying it renegotiated interest rates and maturity dates on its credit lines with some of its banks, two months after it defaulted on 1.76B yuan ($267M) in debts.
    • In an earnings conference call, CFO Yiyu Wang did not identify the lenders, saying only that they applied to both short-term and long-term facilities; he said the rate reductions are "slight" but that the move would significantly lower the company's financial burden.
    • YGE also reported better than expected Q1 earnings; gross margin was 20% vs. 11.8% in Q4 2015 and 14.1% in the year-ago quarter, Q1 PV module shipments totaled 508.1 MW vs. 504.5 MW in Q4, and the company forecasts Q2 PV module shipments of 580-620 MW.
    | Tue, Jun. 14, 12:59 PM
  • Tue, Jun. 14, 9:19 AM
    | Tue, Jun. 14, 9:19 AM | 3 Comments
  • Tue, Jun. 14, 6:38 AM
    • Yingli Green Energy (NYSE:YGE): Q1 EPS of $0.06 beats by $0.12.
    • Revenue of $364.6M (-22.2% Y/Y) beats by $10.62M.
    • Shares +9.1% PM.
    • Press Release
    | Tue, Jun. 14, 6:38 AM | 3 Comments
  • Mon, Jun. 6, 3:00 PM
    | Mon, Jun. 6, 3:00 PM | 4 Comments
  • Mon, Jun. 6, 12:48 PM
    | Mon, Jun. 6, 12:48 PM
  • Mon, Jun. 6, 8:32 AM
    • Yingli Green Energy (NYSE:YGE) +33.1% premarket after saying it expects that its Q1 net income turned positive for the first time since Q3 2011, with an estimated net margin of 2.5%-4.5%.
    • YGE says its Q1 PV module shipments likely totaled 500-510 MW, at the high end of its previous guidance of 480-510 MW.
    • YGE also estimates that its Q1 overall gross margin was in the 18.5%-20.5% range, a significant Q/Q increase, primarily due to the higher average selling price of its PV modules because of a higher proportion of shipments to Japan, where the selling price generally is higher than in other markets.
    | Mon, Jun. 6, 8:32 AM | 3 Comments
  • Fri, Jun. 3, 2:11 PM
    • Solar stocks are lower today alongside Roth Capital's bearish report on the sector: Trina Solar (NYSE:TSL) is off 6%, JA Solar (NASDAQ:JASO) is 6.4% lower, Yingli Green Energy (NYSE:YGE) is down 2.4%, and JinkoSolar Holdings (NYSE:JKS) is down 2.5%.
    • “Heading into H2’16, we are cautious on our entire group of upstream manufacturers given the threat of overcapacity in Q3 as demand in China weakens,” says Roth's Philip Shen.
    • The firm downgraded Trina Solar to Neutral with concerns about ASP declines, and lowered its price target to $8 from $12 (now implying 6% upside from today's lowered price). Exposure to the U.S. market might give Trina some protection against the Chinese demand threat.
    • Meanwhile, a difference in exposure has Roth very concerned about JA Solar -- also downgraded to Neutral with an $8 price target (now 9% upside from today's lower price). There's limited visibility into second-half bookings, and again: “As a Tier 1 manufacturer, we believe the company will be able to sell all the product it produces. The issue will be one of ASPs, in our view."
    • JinkoSolar fares better, maintained at Buy but with a lower price target as well (to $30 from $35, implying 41.7% upside). Margins and improving geographic diversification put the firm in better position than peers, Shen says. Demand's still a worry “given the potential for an air pocket due to the FIT cut in China expected at the end of June."
    | Fri, Jun. 3, 2:11 PM | 7 Comments
  • Thu, May 12, 10:11 AM
    • After warning yesterday, Yingli Green Energy (YGE -6.7%) says it didn't repay 1.4B yuan in medium-term notes due today, or the 300M yuan that was unpaid from last October's due date.
    • The 1.7B yuan comes to about $261M.
    • The notes were due for payment from subsidiary Baoding Tianwei Yingli. That unit says it's not aware of any creditors taking immediate action against the company.
    • It's still actively discussing a potential extension of repayment dates with noteholders, it says. It's trying to explore possibilities including introducing strategic investors into the process, as well as bringing in new creditors and selling land-use rights to get more funding.
    • Now read Canadian Solar Ups Outlook, Yingli Set For Bond Default »
    | Thu, May 12, 10:11 AM
  • Wed, May 11, 9:48 AM
    • Yingli Green Energy (NYSE:YGE) has returned to earth a bit, falling 3.5% as its Q4 earnings featured news that it is talking refinancing with creditors as it likely can't pay 1.7B yuan (about $260M) in debt maturing tomorrow.
    • Major subsidiary Tianwei Yingli told holders of 1.4B yuan in 2011 medium-term notes due tomorrow that it proposed to extend the repayment date by 2-3 years. In addition, about 300M yuan of 2010 MTNs due last Oct. 13 were unpaid, and those holders had demanded repayment by tomorrow.
    • It's pursuing the sale of land-use rights for more funds; it received 265M yuan for part of last year's Hainan land disposal and expects to get 205M yuan more this year.
    • Revenue fell 41% in its Q4 and missed analyst expectations. PV module shipments of 504.5 MW were above previous guidance for 420-440 MW.
    • Gross margin was 11.8%. EBITDA in dollar terms came to -$127.8M vs. an expected gain of $80.6M.
    • The company's guiding to PV module shipments of 2.6-3.0 GW for the fiscal year, and for gross margin in Q1 of 17-19%.
    | Wed, May 11, 9:48 AM
  • Wed, May 11, 7:27 AM
    • Yingli Green Energy (NYSE:YGE): Q4 EPS of -$0.72 beats by $0.76.
    • Revenue of $325.74M (-41.4% Y/Y) misses by $46.56M.
    • Press Release
    | Wed, May 11, 7:27 AM | 1 Comment
  • Tue, May 10, 5:30 PM
    | Tue, May 10, 5:30 PM | 6 Comments
  • Tue, Feb. 16, 2:36 PM
    • Solar stocks are among the standouts (TAN +6.4%) as the Nasdaq rises 2.1% and the S&P 1.6%. The gains come after Canadian Solar (up 16.6%) hiked its Q4 sales, module shipment, and gross margin guidance.
    • SunEdison (SUNE +20.6%), clobbered last week amid a temporary asset sale restraining order that further stoked bankruptcy fears, is rebounding. The gains come in spite of a downgrade to Neutral from BofA/Merrill's Krish Sankar, who's worried about a mixture of financing, legal, and execution issues.
    • Yingli (YGE +15.9%), another company that has seen its share of solvency fears, is also up strongly. Other big gainers include SunPower (SPWR +11.2%), SolarCity (SCTY +6.2%), JinkoSolar (JKS +11.6%), Trina (TSL +7.5%), 8point3 Energy (CAFD +8.4%), Enphase (ENPH +7.7%), Daqo (DQ +7.2%), JA Solar (JASO +6.9%), Sky Solar (SKYS +7.5%), and SunEdison acquisition target Vivint Solar (VSLR +9.5%).
    • Five days ago: Solar stocks hammered again; SunEdison tumbles after lawsuit
    | Tue, Feb. 16, 2:36 PM | 25 Comments
  • Mon, Feb. 8, 2:37 PM
    • Many tech stocks are seeing 6%+ losses as investors flee to safety yet again. The Nasdaq is down 3.4%, and the S&P 2.7%.
    • As was the case on Friday following Tableau and LinkedIn's disappointing guidance, a slew of enterprise tech stocks are seeing big losses, with cloud software and security tech names well-represented on the casualty list.
    • Also: Solar stocks are having another brutal day (TAN -6.7%) as energy stocks get routed amid fears Chesapeake Energy is close to bankruptcy. WTI crude oil is once more near $30/barrel.
    • Enterprise software decliners: Adobe (ADBE -9.6%), Paylocity (PCTY -19.1%), Salesforce (CRM -9.9%), Workday (WDAY -12%), Guidewire (GWRE -12.5%), ServiceNow (NOW -11.5%), Zendesk (ZEN -13.8%), Paycom (PAYC -13.4%), Marin Software (MRIN -10.3%), Castlight (CSLT -8.4%), Cornerstone OnDemand (CSOD -12.1%), Atlassian (TEAM -13.2%), inContact (SAAS -9.6%), and Bazaarvoice (BV -14.5%).
    • Enterprise security decliners: Palo Alto Networks (PANW -12.2%), FireEye (FEYE -9.8%), CyberArk (CYBR -11.5%), Proofpoint (PFPT -12.7%), Qualys (QLYS -8.9%), Imperva (IMPV -9.7%), Rapid7 (RPD -9.4%), and Barracuda (CUDA -8.4%).
    • Solar decliners: SunEdison (SUNE -11.3%), SunPower (SPWR -8.8%), JinkoSolar (JKS -7.6%), SolarEdge (SEDG -7.9%), Yingli (YGE -7.1%), TerraForm Power (TERP -10.7%), and TerraForm Global (GLBL -9.2%).
    • Other major decliners: Micron (MU -9.1%), Western Digital (WDC -10.5%), Arista (ANET -10.9%), Universal Display (OLED -10.6%), Rackspace (RAX -11.3%), Fitbit (FIT -8.7%), Nimble Storage (NMBL -11.3%), Sierra Wireless (SWIR -9.9%), Rocket Fuel (FUEL -9.8%), Knowles (KN -9%), Mitel (MITL -8.9%), and Alarm.com (ALRM -8.9%).
    • Previously covered: Yelp, Cognizant, Tableau, Globant, Ambarella, European tech stocks
    | Mon, Feb. 8, 2:37 PM | 28 Comments
  • Fri, Jan. 22, 3:30 PM
    • Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
    • Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
    • Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
    • Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
    • Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider Wix.com (WIX +5.3%).
    • Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity
    | Fri, Jan. 22, 3:30 PM | 6 Comments
  • Wed, Jan. 20, 1:18 PM
    • Like clockwork, high-beta tech stocks continue selling off at a feverish pace as markets nosedive. Today's selloff comes with the Nasdaq down 2.7%, and the S&P 3%. Margin calls are likely a contributing factor.
    • Solar stocks, which sold off yesterday even as major indices moved little, are underperforming again as energy stocks get routed once more and oil drops below $27/barrel. Hard-luck SunEdison (SUNE -13.6%) is now close to $2. Also tumbling: Canadian Solar (CSIQ -8.8%), ReneSola (SOL -8.2%), and Yingli (YGE -6.9%).
    • Security tech plays FireEye (FEYE -9.3%), Palo Alto Networks (PANW -6.1%), Rapid7 (RPD -11.6%), and Vasco (VDSI -10.5%) aren't faring better - peers Fortinet and Barrcauda were downgraded this morning. Nor are Splunk (SPLK -7.7%) and Tableau (DATA -7.2%), two firms often hyped as big data/analytics plays, or Russian tech firms Yandex (YNDX -6.6%) and Qiwi (QIWI -6.9%), which often sell off when oil prices and the ruble are under pressure.
    • Elsewhere in tech, big decliners include Zillow (Z -7.1%), Square (SQ -6.7%), Fitbit (FIT -6.6%), Groupon (GRPN -6.9%), TrueCar (TRUE -7.7%), Pure Storage (PSTG -7.8%), Jive Software (JIVE -7.4%), Shopify (SHOP -7.2%), Ruckus Wireless (RKUS -8%), Renren (RENN -6.8%), Infinera (INFN -6.1%), TripAdvisor (TRIP -6.5%), Ellie Mae (ELLI -6.7%), and Knowles (KN -6.2%).
    • Also off sharply: Several large-cap tech stocks, TowerJazz, Synaptics, Adtran
    | Wed, Jan. 20, 1:18 PM | 20 Comments
  • Tue, Jan. 19, 3:21 PM
    • The Guggenheim Solar ETF (TAN -2.5%) has made fresh 52-week lows on another rough day for energy stocks in general. WTI crude is down 3.8% to $28.31/barrel - downbeat IEA commentary and concerns about the end of Iranian sanctions could be weighing. The S&P is down 0.5%, and the Nasdaq 0.9%.
    • A handful of names are seeing much bigger losses than TAN's. The group includes SolarCity (SCTY -13.1%), SunEdison (SUNE -9.3%), SunEdison yieldco TerraForm Power (TERP -8.4%), SunEdison acquisition target Vivint (VSLR -16.4%), Yingli (YGE -6.9%), Sunrun (RUN -4.5%), and 8point3 Energy (CAFD -5.3%).
    • SunEdison opened higher after announcing it had closed the second part of a deal involving the purchase and subsequent sale of a 33% stake in a 567MW solar plant portfolio, but quickly gave back its gains. TerraForm has been downgraded to Neutral by BofA/Merrill. Sunrun has announced the closing of $250M worth of credit facilities to finance U.S. residential solar installations.
    • A week ago: Solar stocks fall as energy stocks sell off, oil trades near $30/barrel
    | Tue, Jan. 19, 3:21 PM | 56 Comments
Company Description
Yingli Green Energy Holding Co. Ltd. manufactures photovoltaic module. The company manufactures photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. It markets its products under the brand Yingli Solar. The... More
Sector: Technology
Industry: Semiconductor - Integrated Circuits
Country: China