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There are 2 articles on this stock available only to PRO subscribers.
PR Newswire (Apr 11, 2014)
PR Newswire (Apr 11, 2014)
PR Newswire (Apr 10, 2014)
Yingli Green Energy Announces Preliminary Estimates of Certain Financial Results for First Quarter of 2014PR Newswire (Apr 10, 2014)
PR Newswire (Mar 24, 2014)
at MarketWatch.com (Mar 18, 2014)
PR Newswire (Mar 18, 2014)
PR Newswire (Mar 17, 2014)
PR Newswire (Mar 10, 2014)
PR Newswire (Mar 5, 2014)
PR Newswire (Feb 25, 2014)
at MarketWatch.com (Feb 14, 2014)
YGE vs. ETF Alternatives
Yingli Green Energy Holding Company, Ltd., along with its subsidiaries, engages in the design, development, marketing, manufacture, installation and sale of photovoltaic products in China & overseas market.
Wednesday, Apr 162:51 PM
Wednesday, Apr 162:51 PM| 1 Comment
- Yingli (YGE +6.7%) and China's Shanghai Sailing Capital Management have signed an MOU to create fund through which the companies will invest in local downstream solar projects.
- The fund will have an initial size of RMB1B ($161M), of which Yingli will contribute 51%. It mostly plans to invest in Yingli-built projects.
- Shares are rallying thanks to the announcement, and a broader solar stock rally that has followed the DOE's solar loan proposal. Yesterday, Yingli announced a "framework agreement" to sell at least 300MW of plants to Chinese operator United PV.
Wednesday, Apr 169:43 AM
Wednesday, Apr 169:43 AM| 51 Comments
- The U.S. Energy Department plans to offer up to $4B in loan guarantees to renewable energy projects, focusing on advanced electric grid technology and storage, biofuels that can be used in conventional vehicles, energy from waste products and energy efficiency improvements.
- Despite the high-profile collapse of Solyndra, the Obama administration believes most of its energy investments have done well, and it credits the program with strengthening the U.S. solar industry.
- Solar stocks: TAN, JASO, SPWR, TSL, FSLR, LDK, CSIQ, YGE, SOL, JKS, CSUN, SCTY, HSOL, EMKR, SUNE, DQ.
- Battery related names: PLUG, BLDP, CBAK, ZBB, ABAT, ULBI, ENS, HPJ.
- EV cars: TSLA.
Monday, Apr 1412:20 PM
Monday, Apr 1412:20 PM| Comment!
- Hit hard on Friday by a Q1 warning, Yingli (YGE +5.9%) is recovering nearly all of its losses after announcing a "framework agreement" with Chinese solar plant owner United PV to build and sell at least 300MW of solar plants from 2014-2016. United will buy the plants after Yingli connects them to the grid.
- Yingli had a 1.2GW downstream solar project pipeline at the end of 2013, of which Chinese projects made up 1GW. The company has forecast its solar project sales will account for 400MW-600MW of its 2014 module shipments (expected to total 4GW-4.2GW altogether).
Friday, Apr 113:20 PM
Friday, Apr 113:20 PM| 5 Comments
- Solar stocks are broadly lower following Yingli Green Energy's (YGE -5.1%) warning of greater than projected declines in PV module shipments in Q1.
- The first solar company to make a Q1 pre-announcement, YGE estimated Q1 shipments fell by the low 30s in percentage points from Q4, below prior company guidance of a mid-20s decrease, due to softness in China and project delays in Algeria.
- YGE reiterated its FY 2014 shipment guidance of 4.0-4.2 GW, and sees higher prices lifting Q1 margins more than expected.
- Although some of YGE's weaknesses may have been company-specific, the warning has cast a shadow over solar stocks today: SUNE -2.4%, FSLR -2.9%, TSL -2.6%, SCTY -1.7%, SPWR -5.2%, JKS -7.6%.
- ETFs: TAN, KWT
Tuesday, Apr 11:52 PM
Tuesday, Apr 11:52 PM| 2 Comments
- Hit hard on multiple trading days last week, high-beta Chinese Internet and solar stocks are flying higher amid a tech rally.
- Leading Chinese Internet gainers: GOMO +14.8% (tumbled last week post-earnings). BITA +10.2%. WUBA +8.9%. VIPS +6.4%. SFUN +6.4%. WBAI +6.3%. CCIH +5.9%. ATHM +5.8%.
- Notable Chinese solar gainers: CSUN +9.7%. JKS +8.9%. TSL +5.4%. YGE +4.1%. JA Solar is rallying with the help of a bullish Northland coverage launch.
- Recent IPOs King Digital (KING +4.5%) and Castlight Health (CSLT +16.1%) are among the winners. King remains 16% below its $22.50 IPO price. Castlight is 54% above its $16 IPO price, but well below a post-IPO high of $41.95.
Wednesday, Mar 199:36 AM
Wednesday, Mar 199:36 AM| Comment!
- Juniper (JNPR +1.4%) has been upgraded to Outperform by Wells Fargo. Piper cuts shares to Neutral last month following a big rally fueled by dividend/buyback/restructuring hopes.
- Yingli (YGE -0.2%) has been cut to Neutral by BofA/Merrill, and to Underperform by Credit Suisse, following yesterday's Q4 miss and full-year shipment forecast.
- Ruckus (RKUS +2.5%) and Meru (MERU +5.1%) have been started at Buy by Mizuho. Bernstein started Ruckus at Underperform last week.
- Orbitz (OWW -6.4%) has been cut to Sell by Goldman.
- MakeMyTrip (MMYT +3.8%) has been upgraded to Outperform by Oppenheimer.
Tuesday, Mar 1812:46 PM
Tuesday, Mar 1812:13 PM
Tuesday, Mar 1812:13 PM| 2 Comments
- Though Yingli's (YGE -10.5%) module shipments rose 11.4% Q/Q in Q4 (in-line with a revised guidance range of 11%-12%), its gross margin fell to 12.2% from 13.7%. If not for a year-end tax adjustment, GM would've come in at 14.2%; the figure was at -8.5% a year ago.
- Yingli is guiding for 4GW-4.2GW of 2014 module shipments, up 29.4%-32.6% from a 2013 level of 3.23GW. The company's own solar system sales are expected to account for 400MW-600MW of those shipments.
- Yingli has a 1GW Chinese downstream solar project pipeline, and a 200MW overseas downstream pipeline. The company plans to respectively finish construction of 400MW-600MW and 30MW-50MW of those projects in 2014.
- Chinese shipments rose 60% Y/Y in Q4, and Japanese shipments 50%. Slumping Europe only made up 11% of shipments.
- Excluding a $79.3M non-cash inventory purchase provision related to polysilicon supply deals, opex fell 1% Q/Q and 36% Y/Y to $93.4M. Yingli ended 2013 with $462.2M in cash, and over $2.4B in debt.
- Q4 results, PR
Tuesday, Mar 189:13 AM
Tuesday, Mar 187:43 AM|Tuesday, Mar 187:43 AM| 5 Comments
Tuesday, Mar 1812:05 AM
Monday, Mar 175:30 PM
Monday, Mar 171:35 PM
Monday, Mar 171:35 PM| 9 Comments
- JA Solar's blowout Q4 numbers and strong guidance have fueled another solar stock rally. The Guggenheim Solar ETF (TAN +3.5%) is up sharply after witnessing a 10% drop from its March 7 peak.
- First Solar (FSLR +4.5%) is the group's biggest winner: The company announced today it has completed a 1.3MW plant in the Japanese city of Kitakyushu-shi. The company first disclosed the relatively modest project in November, ten days after announcing a reseller deal with oil giant JX Nippon to target the fast-growing Japanese solar market.
- Other gainers: YGE +3.6%. SOL +3.4%. CSIQ +3%. TSL +3%. HSOL +2.8%.
Monday, Mar 179:09 AM
Monday, Mar 103:57 PM
Monday, Mar 103:57 PM| 7 Comments
- Chinese Internet and solar names, many of them among the standouts of the 2013/2014 tech rally, are heading into the close with steep losses after the Chinese government reported exports fell 18.1% Y/Y in February (much worse than expected).
- Internet decliners: WUBA -10.7%. YOKU -7.3%. ATHM -7.2%. QUNR -6.4%. NQ -6%. RENN -5.2%. CTRP -5.2%. YY -4.4%. WBAI -4.4%. KONG -5.5%.
- Solar decliners: JKS -6.3%. YGE -5.8%. TSL -6.7%. CSUN -4.9%. CSIQ -4.5%. DQ -4.2%. HSOL -4.5%.
- Solar ETFs: KWT, TAN
Tuesday, Mar 411:06 AM
Tuesday, Mar 411:06 AM| Comment!
- Yingli (YGE +6.1%) expects to report 11%-12% Q/Q Q4 module shipment growth, above prior guidance for a mid-to-high single-digit percentage increase. Full-year guidance for module shipments of 3.2GW-3.3GW is being reiterated.
- At the same time, Yingli is now forecasting a Q4 gross margin of 12%-13%, below prior guidance of 14%-16% and a Q3 level of 13.7%. The company blames a "year-end tax adjustment" and the unloading of low-efficiency solar cell inventory.
- Shares are joining a broader solar stock rally. Full Q4 results arrive on March 18.