Yingli Green Energy up 5% Ahead of Q1 Report Due in Tuesday’s Pre-Market

Yingli Green Energy (YGE) is posting a 5% gain in today’s regular session, trading near its day high of $3.49 but closer to the bottom of its 52-week range of $2.68 to $8.77.

The company is expected to report its Q1 report in Tuesday’s pre-market, and analysts polled by Capital IQ expect Yingli to report a loss of $0.30 per share on revenue of $421 million.

In April, Yingli reported preliminary Q1 results, disclosing a drop in photovoltaic module shipments.

The solar modules manufacturer said back in April it expects its gross margin in the range of 15.5%-16.5% for Q1, 2014, versus the previous guidance of 14%-16%.

During the quarter, photovoltaic module shipment is estimated to have declined by low thirties percent from Q4, 2013 due to a soft demand in the China market. For fiscal-year 2014, however, it reiterated its module shipment outlook of 4.0GW to 4.2GW.

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Jason Tolbert is a stock analyst with The Downtown Leader. If you have a great story idea for Jason Tolbert, you can write at [Jason.Tolbert@downtownleader.com ].

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