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Energy

Yingli, A Solar Gainer (YGE, FSLR, SPWRA)

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By Douglas A. McIntyre Updated Published
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solar_panel_pic2Chinese solar panel maker Yingli Green Energy Holding Company Ltd. (NYSE:YGE) reported earnings of $14.7 million (EPS of $0.12) for the fourth quarter this morning. Analysts had been expecting EPS of $0.07, so this announcement is boosting the stock by about 3% in early trading.

For 2009, the company is sticking by its previous forecast of 550-600 megawatts in shipments, an increase of 96.1%-113.9%. That forecast also is giving a similar bump to SunPower Corp. (NASDAQ:SPWRA), First Solar Inc. (NASDAQ:FSLR), and Evergreen Solar Inc. (NASDAQ:ESLR).

Yingli’s also forecast a gross margin for 2009 of 22%-24%. That’s way up from fourth quarter gross margin of 13.2% and up a little from full-year gross margin of 21.6%.

Yingli, like its peers, seems to be expecting a turnaround in the global economy. What they base that expectation on is beyond my powers of analysis. We should hope they’re right.

Paul Ausick
February 10, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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