Yingli Green Energy (YGE) Updates Guidance

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09:33:22 am on November 7, 2011

Yingli Green Energy (YGE) is out this morning updating guidance ahead of official earnings results in a few weeks and there are no surprises.  As has been the case with ALL solar companies, YGE is taking down guidance, but it isn’t slashing guidance significantly like many other companies have and YGE remains my top China solar play. 

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The company now expects that Q3 shipments increased by a low twenties percentage basis over the year ago quarter, down from previous guidance of a high twenties percentage improvement.  For the full year they are lowering the estimated shipment guidance to 1580 – 1630MW from 1700 – 1750MW. 

The company will report official earnings results on Nov 23rd before the bell.  Technically, shares of YGE are showing some signs of stabilization as buy volume increases and sell volume begins to diminish.  I believe that a bottom in this stock is close, but I’d want to see how the stock reacts to earnings in a few weeks. 

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