Yingli Green Energy (YGE) Sinks On EPS Miss

Posted by Tate Dwinnell | # |
12:18:23 pm on March 8, 2010

Yingli Green Energy (YGE) is down about 7% this morning after reporting another big surge in revenues, but missing analyst estimates on the EPS side.  The company reported an adjusted non GAAP EPS of .13/share which missed by a penny and is flat over the year ago quarter.  Revenues were much better at $370 million, representing a 44% increase over the year ago quarter and well ahead of the $326 million estimate.

Here are some highlights of comments made by CEO Liansheng Miao:

- confident they can achieve shipment guidance of 950 – 1GW which would be nearly double this year’s shipment (this is what most of the other china solar companies are forecasting)
- expects sustainable growth in Germany despite subsidy cuts
- rapidly expanding US, Spain, Italy and China presence
- actively implementing a 300MW capacity expansion plan at Baoding HQ
- achieved avg efficiency of 18% or higher on pilot production lines & expects 18.5% on commercial lines by end of year
- first Chinese company to obtain the SA 8000 social accountability certification

:::: >>> Click Here For Your FREE Yingli Green Energy Analysis

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