Yingli Green Energy Holding Co Ltd (ADR) (YGE) Releases Earnings Results, Misses Expectations By $-5.14 EPS

Yingli Green Energy Holding Co Ltd (ADR) (YGE) reported quarterly earnings results on Wednesday, May-11-2016. The company reported $-7.20 earnings per share for the quarter, missing the analyst consensus estimate by $-5.14. Analysts had a consensus of $-2.06. The company posted revenue of $325.70 million in the period, compared to analysts expectations of $372.29 million. The company’s revenue was down -41.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.47 EPS.

Yingli Green Energy Holding Co Ltd (ADR) opened for trading at $3.04 and hit $3.45 on the upside on Tuesday, eventually ending the session at $3.42, with a gain of 13.25% or 0.4 points. The heightened volatility saw the trading volume jump to 2,80,446 shares. Company has a market cap of $62 M.

Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs. The Company sells PV modules under its own brand names Yingli and Yingli Solar to PV system integrators and distributors located in various markets around the world including China Japan the United States the United Kingdom Algeria India Germany France South Africa Israel Turkey the Netherlands Honduras and Brazil. The Company’s products and services include the manufacture of polysilicon ingots and wafers PV cells PV modules and integrated PV systems and the development and operation of solar projects. The Company also has a solar project development and operation business in China.

Yingli Green Energy Holding Co Ltd (ADR)

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