Will Yingli Solar Keep Shining in Its Future Earnings?
For 4Q16, Yingli Solar expects its total PV module shipments to be in the range of 600 MW–670 MW—a ~64% quarter-over-quarter rise in its shipments.
For 3Q16, Yingli Solar’s (YGE) interest expenses came in at $24.0 million, as compared to $23.9 million in 2Q16 and $39.7 million in 3Q15.
In 3Q16, Yingli Solar reported a gross profit of $12.0 million, as compared to $69.2 million in 2Q16. On a YoY basis, this is a ~79% fall from 3Q15.
Yingli Solar’s operating income for 3Q16 came in at about -$34 million, as compared to an operating income of $24 million in 2Q16 and -$450 million in 3Q15.
In 3Q16, Yingli Solar’s (YGE) consolidated revenue came in around $219 million. This means that the company’s revenue fell ~42% from $380 million in 2Q16.
Yingli Solar (YGE) reported about 365 MW of solar (TAN) module shipments for 3Q16, as compared to 662 MW in 2Q16 and 460 MW in 3Q15.
Yingli Solar posted muted earnings for 3Q16, reporting earnings per ADS of -$2.8, as compared to the analyst consensus earnings per ADS estimate of -$1.39.
SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.
The market cheered SunPower’s restructuring initiatives. The initiatives are expected to reduce the company’s costs and improve its future margins.
For 2Q16, Yingli’s (or Yingli Solar’s) (YGE) interest expenses were $23.9 million, compared to $27.3 million in 1Q16 and $39.1 million in 2Q15.
Analysts estimate that Yingli Solar (YGE) will report revenue of about $214.0 million in 3Q16. That’s almost a 39.0% fall on a YoY (year-over-year) basis.
For 3Q16, analysts expect Yingli Solar to report a gross profit of about $31.0 million with a gross margin of about 12.4%, which is in line with the company’s gross margin guidance.
Of the four analysts covering Yingli Solar (YGE) stock, one gave it a “buy” rating, one gave it a “hold” rating, and two gave it a “sell” rating as of November 30, 2016.
Yingli (or Yingli Solar) (YGE) is set to announce its 3Q16 earnings on December 8, 2016. In this series, we’ll look at analysts’ expectations for Yingli Solar’s 3Q16 earnings.
Trina Solar’s interest expenses have consistently been on the rise over the last two years. For 3Q16, they were $28.6 million compared to $26.0 million in 2Q16.
In 3Q16, Trina Solar (TSL) reported a gross profit of $125.6 million compared to $176.3 million in 2Q16. On a YoY basis, the company’s gross profit fell nearly 9.0%.
In 3Q16, Trina Solar’s (TSL) consolidated revenue came in at around $741.0 million compared to analysts’ expectations of about $823.0 million.
Trina Solar (TSL) had a total module shipment guidance of 1.55–1.65 GW (gigawatts) for 3Q16. However, it reported 1.36 GW of total solar (TAN) module shipments.
Trina Solar (TSL) announced its 3Q16 earnings results before market hours on November 23, 2016. In this series, we’ll take a look at the results and compare them with analysts’ expectations.
Canadian Solar (CSIQ) divides its utility-scale project pipeline into an early-to-mid-stage pipeline and a late-stage pipeline. It’s important to know the project pipeline due to the extension of the ITC.