Yingli (or Yingli Solar) (YGE) is set to announce its 3Q16 earnings results on December 8, 2016, before market hours. In this series, we’ll look at analysts’ expectations for the company’s 3Q16 earnings. We’ll also look at factors that led analysts to arrive at their expectations and compare them with YGE’s preliminary 3Q16 results. Finally, we’ll look at the company’s 2016 guidance and the key indicators that investors should watch in its upcoming earnings.
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From Yingli Solar’s 2Q16 earning release on August 23, 2016, through November 30, 2016, YGE stock fell nearly 19.0%. Stock prices of other major solar (TAN) companies such as First Solar (FSLR), SunPower (SPWR), and Trina Solar (TSL) saw similar trends in the same period.
SunEdison (SUNEQ) stock was the top gainer among Yingli Solar’s peers. Company-specific reasons helped SUNEQ stock more than double during the same period.
The Guggenheim Solar ETF (TAN) tracks the broad-based solar market. It fell nearly 18.0% during the period.
The third quarter of 2016 marked the launch of three new Yingli Solar module series in the United States. According to a company press release, these modules are UL (Underwriters Laboratory)-certified with the best P-type monocrystalline cells.
The company also claims that the newly launched series offers high conversion efficiency. It says it has a high-transmission glass with a unique anti-reflective coating that directs more light on the solar cells, resulting in a higher energy yield. The series features integrated SolarEdge power electronics, double glass, and monocrystalline modules in both the 60 and 72 cell versions.
Next, let’s see how analysts rate Yingli Solar.