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.
==> Click Here For Your FREE Daily Yingli Technical Analysis
The company now expects that Q3 shipments increased … Read the rest
Yesterday, the solar industry got a jolt of good news when Yingli Green Energy (YGE) reported in an article over at Bloomberg that it’s seeing a surge in sales in Germany and an acceleration in Italy. Solar pricing has dropped so low (40% drop in panel prices) that developers are seeing the opportunity for significant returns on investment and jumping back in.
==> Click Here For Your FREE Daily Yingli Technical Analysis
“There’s a big … Read the rest
About two weeks ago Mark Bachman of Avian Securities sent out a research report indicating that the train wreck taking place in the solar industry appears to be almost over and that he’s backing off his negative industry view a bit.
The recommended trading strategy is to focus on the best solar stocks with an intent to sell in Q4. You could call it trading an oversold bounce. The firm notes that it’s not recommending … Read the rest
For those that have been regular readers of GreenStocksCentral.com you might remember that I used to publish the research notes of Mark Bachman who focuses on the solar industry. At the time he was working for Auriga and now he’s on the move again providing research to clients of Avian Securities. Regardless of who he’s working for I’ve always thought that his solar research was quite good.
I just posted about the bullish earnings report out of Yingli Green Energy (YGE). I think traders were looking for upside guidance from the company which is why the stock traded down again Friday, but some analysts are upgrading the stock this morning, giving it a boost.
==> Click Here For Your FREE Daily Yingli Technical Analysis
HSBC upgraded the stock from Underweight to Neutral, but has a price target of only $5.50 which … Read the rest
I was out Friday so missed the Yingli Green Energy (YGE) earnings report. The company surprised Friday morning by beating analyst estimates by a fairly wide margin on both the top and bottom line. What we’ve been seeing across the board in the solar sector are decent revenues, but big cuts in EPS with companies missing analyst estimates. Yingli managed to buck the trend posting an EPS of .34/share (vs the estimate for .28/share) … Read the rest
Along with LDK Solar (LDK), it wasn’t a good day for Yingli Green Energy (YGE) on Friday as the stock plunged with heavy volume after missing earnings estimates. The stock appears headed for a test of the 2010 lows which is the case for many of the China solar stocks.
==> Click Here For Your FREE Daily Yingli Technical Analysis
The company reported an EPS of .38/share on revenues of $527 million which represents … Read the rest
Yingli Green Energy (YGE) updated its guidance today for Q1, Q2 and the full year. The company is lowering its shipment and gross margins guidance. They now see Q1 shipments coming in lower than the year ago quarter vs the previous guidance of shipments coming in a bit higher than the year ago quarter. Margins are expected to come in around 27% vs the previous guidance of around 30%.
Usually, I just posts highlights of the reports from Mark Bachman from Auriga, but this morning decided to just publish in full. Thoughts?
As the second act of the Italian solar drama begins, we look at the bear argument of "too much 2012 capacity leading to uncontrollable price and margin declines." At the risk of starting a larger food fight, we provide our view on how industry capacity develops and show that actual shipments end … Read the rest
Auriga maintains its bullish stance on Yingli Green Energy (YGE) following its earnings report a few days ago and is raising the price target a bit from $17 to $18 which is about 50% higher than current levels.
The firm notes that strength from Italy and Germany should lead to better than expected module price declines and that returns on solar projects will remain solid.
Shares of YGE have pulled back the past two days, … Read the rest