Denbury Resources (DNR) Dips More Than Broader Markets: What You Should Know
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.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Solar, Inc. (FSLR) : Free Stock Analysis Report
Renesola Ltd. (SOL) : Free Stock Analysis Report
JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report
Yingli Green Energy Holding Company Limited (YGE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research