Yingli Green Energy (YGE) Posts Q1 Loss of 35c/ADS; Affirms FY14 Shipment Outlook

Yingli Green Energy (NYSE: YGE) reported Q1 EPS of ($0.35), $0.11 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $432.2 million versus the consensus estimate of $464.04 million.

Total PV module shipments (including shipments for PV systems) were 630.8 MW.

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reiterates its PV module shipment target to be in the estimated range of 4.0GW to 4.2GW (including 400-600MW shipment for PV systems) for fiscal year 2014, which represents an increase of 23.7% to 29.9% compared to fiscal year 2013.

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

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