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What to Expect from Yingli Solar’s 3Q17 Earnings

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Series overview

Yingli Solar (YGE) will announce its 3Q17 earnings results on December 6, 2017, before market hours. In this earning series, we’ll discuss analysts’ expectations for Yingli Solar’s upcoming 3Q17 earnings release. We’ll look at the factors that led analysts to come up with these expectations. We’ll also go through the company’s 2017 guidance and key metrics for investors.

Yingli Solar’s stock performance

Since its 2Q17 earnings release on September 19, 2017, until November 22, 2017, Yingli Solar’s stock price lost nearly 13.1% of its value. SunPower’s (SPWR) stock price fell 4.1% during the same period. However, other solar (TAN) companies like First Solar (FSLR) and Canadian Solar (CSIQ) saw their stock prices rise 23.8% and 8.6%, respectively.

The Guggenheim Solar ETF (TAN) tracks the performance of major solar companies. TAN rose ~10.9% during the same period.

As you can see from the above chart, apart from Yingli Solar, other solar company stocks have performed well YTD (year-to-date). Yingli Solar’s stock price has fallen nearly 18.1% YTD, while First Solar stock has risen 88.6%, Canadian Solar has risen 49.0%, and SunPower has risen 21.5% YTD.

Developments after its 2Q17 results

In November 2017, Yingli Solar launched a 100-megawatt solar power project in Mongolia. The project is spread across 2.04 square kilometers and will install Yingli’s latest N-type monocrystalline modules–PANDA Bifacial module. The solar modules can generate power from the front and back sides. The project is expected to start operations in June 2018.

In the next part, we’ll discuss how analysts rate Yingli Solar.

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