Yingli Green Energy (YGE) Posts Wider than Expected Q1 Loss; Guides Q2, FY15 PV Module Shipments

Yingli Green Energy (NYSE: YGE) reported Q1 EPS of ($0.31), $0.07 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $468.7 million versus the consensus estimate of $463.31 million.

Total photovoltaic ("PV") module shipments (including shipments for PV systems to the Company's own downstream PV projects]) were 754.2MW.

Business Outlook for Second Quarter and Fiscal Year 2015

Second Quarter of 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 720MW to 750MW, of which 40MW to 60MW of PV modules will be shipped to the Company's downstream PV projects for the second quarter of 2015.

Fiscal Year 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its total PV module shipments to be approximately 3.6GW , of which 400-600MW of PV modules will be shipped to the Company's own downstream PV projects for fiscal year 2015.

For earnings history and earnings-related data on Yingli Green Energy (YGE) click here.

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