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Yingli Green Energy Holding Company Ltd. YGE, also known as Yingli Solar, incurred an adjusted net loss of $2.40 per American Depositary Share (ADS) in fourth-quarter 2017, which came in line with the Zacks Consensus Estimate. The company had incurred a loss of $4.20 per ADS in the year-ago quarter.
Total revenues came in at $349.4 million, up 18.8% year over year. The reported figure also surpassed the Zacks Consensus Estimate of $315 million by 10.9%.
Yingli Green Energy Holding Company Limited Price, Consensus and EPS Surprise
Yingli Green Energy Holding Company Limited Price, Consensus and EPS Surprise | Yingli Green Energy Holding Company Limited Quote
Highlights of the Release
Total photovoltaic (PV) module shipments were 837.9 megawatts (MW) in fourth-quarter 2017 compared with 635.1 MW a year ago.
In the quarter under review, gross margin expanded 20 basis points (bps) year over year to 7.2%. Operating expenses declined 69% year over year to $85.3 million.
Operating loss was $60.2 million compared with $251.1 million in the year-ago quarter.
Interest expenses totaled $27.8 million compared with $24.3 million in fourth-quarter 2016.
The company had cash & cash equivalents of $58.1 million as of Dec 31, 2017 compared with $125.1 million as of Dec 31, 2016.
Long-term debt, excluding current portion, was $141.5 million as of Dec 31, 2017, down from $363.5 million as of Dec 31, 2016.
For the first quarter of 2018, Yingli Green expects PV module shipments in the range of 400-420 MW.
ReneSola Ltd. SOL reported earnings of 4 cents per American Depositary Share (ADS) in the fourth quarter of 2017, beating the Zacks Consensus Estimate by a penny. The reported figure reflects substantial improvement when compared to a loss of $1.26 in the year-ago quarter.
JinkoSolar Holding JKS reported fourth-quarter 2017 earnings per American Depositary Share (ADS) of 12 cents, which missed the Zacks Consensus Estimate of 23 cents by 47.8%.
First Solar FSLR incurred fourth-quarter 2017 adjusted loss of 25 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 32 cents by 21.9%.
Yingli Green carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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