The solar panel maker now expects its PV module shipments to fall by a low 30%, where it previously expected a mid-20% decrease in shipment volume. The decrease is largely due to softer demand on China and a delayed schedule for shipment PV modules for projects in Algeria.
Despite the delayed shipments Yingli still expects to ship between 4GW and 4.2GW in fiscal 2014.
Yingli also increased its overall grow margin estimates to between 15.5% and 16.5% from 14% to 16% in the first quarter thanks to a higher average selling price in the quarter.
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TheStreet Ratings team rates YINGLI GREEN ENERGY HLDGS CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate YINGLI GREEN ENERGY HLDGS CO (YGE) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: